Velesto Wins Offshore Drilling Contracts for Three Jack-up Rigs

May 9, 2023

Image for illustration only - Credit: Wanfahmy/AdobeStock
Image for illustration only - Credit: Wanfahmy/AdobeStock

Malaysian offshore drilling rig contractor Velesto Drilling has received three notices of assignments related to a drilling contract award with Petronas first announced in March.

The contract is for providing three jack-up drilling rigs, the Naga 3, Naga 4, Naga 6, with an estimated total contract value of $128 million.

The Naga 3 has secured eight firm wells, the Naga 4 has four firm wells, plus options for up to two wells, and Naga 6 has secured six firm wells.

All contracts are expected to start in the third quarter of 2023.

Current News

Portugal's EDP, Galp Say Price is Key for Offshore Wind Auction

Portugal's EDP, Galp Say Price is Key for Offshore Wind Auction

Marine Power Systems PelaFlex Floating Wind Platform Receives Feasibility Certification from DNV

Marine Power Systems PelaFlex Floating Wind Platform Receives Feasibility Certification from DNV

First Monopiles for Giant U.S. Offshore Wind Project Set Sail

First Monopiles for Giant U.S. Offshore Wind Project Set Sail

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

Subscribe for OE Digital E‑News

Offshore Engineer Magazine