Velesto Secures 7-well Drilling Deal with Shell in Malaysia

Bartolomej Tomic
Thursday, April 8, 2021

Oil major Shell has awarded an offshore drilling contract to Malaysian drilling company Velesto, for operations offshore Malaysia.

Velesto will, for Shell's subsidiaries Sabah Shell Petroleum (based in Miri, Malaysia) and Sarawk Shell (in Kota Kinabalu, Malaysia), provide the NAGA-4 jack-up drilling rig, under a contract valued $17.68 million. 

Under the contract, for 2021-2022 work, the jack-up unit will drill seven firm wells with an expected start date between August 15, 2021 to October 15, 2021. 

The NAGA 4, delivered by Singapore's Keppel in 2013, to UMW - which later changed name to Velesto - is able to operate in water depths of up to 400 ft (121.92 m) with a drilling depth of 30,000 ft (9144m).

Velesto has, in the past few weeks, been on a roll, as the company late in March also announced new drilling rig contracts with Petronas Carigali and (two rigs) and ConocoPhillips (one rig).

Categories: Activity Asia Rigs Shallow Water Drilling

Related Stories

Bounty Farms Into Coastal's Cerberus Project, Off W. Australia. Drilling Planned for 2022

Offshore Drilling Firm Transocean Sets Emissions Reduction Target

IOG's Southwark Drilling Hits Snag as Issue Found on Jack-up Rig's Leg

Current News

Incident Reported During Construction of Seaway 7's Alfa Lift Vessel in China

Equinor, BP JV Picks Vestas' Giant 15MW Turbines for New York Offshore Wind Projects

U.S. Coast Guard Boards Containership in Connection to California Pipeline Oil Spill

Aker BP Gets Drilling Permit for Lyderhorn East Offshore Well

Subscribe for OE Digital E‑News