LogIn LogOut

Hess Hires Velesto for Drilling Services in Malaysia

November 7, 2022

During the signing ceremony, Velesto was represented by Megat Zariman Abdul Rahim, while Hess was represented by Senior Manager, Drilling, Khazimad Yusof. The signing was witnessed by Senior Vice President of Malaysia Petroleum Management,
Mohamed Firouz Asnan, Vice President of Hess Asia, Zhiyong Zhao, and Chairman of Velesto, Mohd Rashid Mohd Yusof. ©Velesto
During the signing ceremony, Velesto was represented by Megat Zariman Abdul Rahim, while Hess was represented by Senior Manager, Drilling, Khazimad Yusof. The signing was witnessed by Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan, Vice President of Hess Asia, Zhiyong Zhao, and Chairman of Velesto, Mohd Rashid Mohd Yusof. ©Velesto

Malaysia's Velesto Energy has secured a $135 million integrated rig, drilling, and completion services deal with Hess Corp. in Malaysia.

The i-RDC is a concept in which integration of drilling rig services, equipment and in some cases procurement of materials for drilling & completion services are covered under a single contract between the operator or oil company, as the owner of the project, and one service company as an i-RDC contractor.

The I-RDC services deal is for Hess’ 2022 to 2024 North Malay Basin Full Field Development Campaign. Velesto will deploy NAGA 5 jack-up rig.

President of Velesto, Megat Zariman Abdul Rahim said, “The i-RDC services contract is the first jack-up rig drilling contract to be awarded through an i-RDC arrangement in Malaysia."

We are partnering with Halliburton as our technical partner to provide these services to drill and complete 14 offshore wells."



Current News

Lebanon Extends Offshore Exploration Licensing Round Deadline Again

Lebanon Extends Offshore Exploration Licensing Round Deadline Again

Wah Seong Wins $127M FPSO Topside Module Order

Wah Seong Wins $127M FPSO Topside Module Order

TotalEnergies Pulls Out of Russia's Novatek with $3.7B Write-down

TotalEnergies Pulls Out of Russia's Novatek with $3.7B Write-down

Proserv Secures SMS as Sampling Representative in Malaysia

Proserv Secures SMS as Sampling Representative in Malaysia

Gulf of Thailand: Valeura Energy to Buy Three Offshore Blocks from Mubadala Petroleum

Gulf of Thailand: Valeura Energy to Buy Three Offshore Blocks from Mubadala Petroleum

DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com