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

Norway Identifies Four More Sites for Offshore Wind Development

Norway Identifies Four More Si

Prio Aims to Double Oil Output in 2026

Prio Aims to Double Oil Output

ABS: Floating CO₂ Injection Facilities Report

ABS: Floating CO₂ Injection Fa

Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure

Iran’s Top Security Body to We

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine