Velesto Energy nets four-well contract from Jadestone for work offshore Malaysia
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Singapore-based Jadestone Energy has contracted Velesto Energy’s Velesto NAGA 2 jackup for a four-well contract to facilitate an infill drilling program at the Jadestone-operated East Belumut field offshore Malaysia.
The contract is expected to start in Q3 2023 and has an estimated value of $6.1 million.