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Home›Business & Finance›Five-year Asian drilling gig comes Velesto rig’s way
Business & Finance

March 3, 2026 · about 4 months ago

Five-year Asian drilling gig comes Velesto rig’s way

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.

1 minutes read
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NAGA 2 jack-up rig; Source: Velesto

The NAGA 2 independent-leg cantilever jack-up drilling rig has a drilling depth capability of 30,000 feet and a rated operating water depth of 350 feet.

The contract aligns with Velesto’s focus on disciplined execution across its operating markets in Southeast Asia and Malaysia.

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