Global and Regional MarketsNewsThe Offshore Frontier

Velesto Drilling secures more drilling work offshore Malaysia

Velesto Energy received a Notice of Assignment from Petronas for its NAGA 2, NAGA 4 and NAGA 6 jackups for continued operations offshore Malaysia. The respective contract values are $73,040,600, $94,883,800 and $97,077,800.

On 2 February 2024, Velesto received two-year extensions for its rigs, with the contracts running until February 2026.

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