Velesto Energy was awarded a drilling contract by PTTEP for its 2025–2026 drilling campaign in Malaysia. Under the contract, Velesto will assign its NAGA 5 jackup rig to drill a firm 15 wells, with operations scheduled to commence immediately.
NAGA 5 is an independent-leg cantilever jackup drilling rig with a rated operating water depth of 400 ft and drilling depth capability of 30,000 ft.
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