Vestigo Petroleum Books Jack-up Drilling Rig for 5-Well Program

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

Malaysian offshore drilling firm Velesto Drilling has received the Letter of Award from Vestigo Petroleum for the provision of jack-up drilling rig.

The contract is for Velesto's jack-up drilling rig NAGA 2, with an estimated contract value of $10.9 million.

Under the contract, expected to start in the fourth quarter of 2023, Vestigo, a subsidiary of Malaysia's Petronas Carigali, will use the rig to drill five firm wells.

The NAGA 2 is a premium independent-leg cantilever jack-up rig with a drilling depth capability of 30,000 feet (9144 meters) and a rated operating water depth of 350 feet (106.68 meters).

 


Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Subscribe for OE Digital E‑News

Offshore Engineer Magazine