Petronas Books Three Velesto’s Jack-Up Rigs

Tuesday, March 26, 2024

Petronas Carigali (PCSB), a subsidiary of Malaysian state-owned energy company Petronas, has booked three jack-up rigs from Velesto for drilling operations off the coast of Malaysia.

The contract with Petrobras is for three Velesto’s jack-ups – Naga 2, Naga 4, and Naga 6. All three have been booked for two years, starting from February 7, 2024 until February 6, 2026, Malaysian rig owner Velesto said.

The deal is inclusive of the continuation from the current drilling campaign for the Naga 2, Naga 4, and Naga 6 rigs as per notice of assignment dated January 11, 2024, March 7, 2023 and June 2, 2023, for a total contract value of $73,040,600, $94,883,800 and $97,077,800 respectively.

All three rigs are premium independent-leg cantilever jack-ups with drilling depth capability of 30,000 feet. Velesto’s Naga 2 has a rated operating water depth of 350 feet, while Naga 4 can operate at 400 feet and Naga 6 at 375 feet.

Categories: Drilling Industry News Activity Asia Jack-ups Oil and Gas Jack-up Rig

Related Stories

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Oil Surges 3% on Renewed US-Iran Strikes

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Current News

Saipem, Subsea 7 Undergo EU Antitrust Investigation

Baltic Power Offshore Wind Farm Delivers First Electricity to Polish Grid

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Petrobras Concludes Acquisition of São Tomé and Príncipe Offshore Block

Subscribe for OE Digital E‑News