Velesto Sumber, a wholly-owned subsidiary of Malaysia’s Velesto Energy, has won a new drilling assignment for a 12-year-old premium jack-up rig off the coast of Thailand, Southeast Asia.
Velesto Energy’s subsidiary, Velesto Sumber, has secured a contract award from Northern Gulf Petroleum (NGP) for the provision of a jack-up drilling rig and associated services offshore Thailand.
This deal, which will see the rig owner provide the 2014-built NAGA 6 jack-up for a drilling campaign in the Gulf of Thailand, comes with a firm work scope of four infill wells and three exploration wells.
Megat Zariman Abdul Rahim , President of Velesto, commented: “We appreciate the confidence placed in Velesto by NGP. The award supports the continued utilisation of our premium jack-up rigs and is expected to contribute positively towards earnings.
“ The contract award further strengthens Velesto’s drilling segment and reflects continued ability to secure opportunities across our core operating markets amid ongoing offshore development and exploration activities in the region.”
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Velesto claims that the award reflects its continued focus on maintaining reliable rig operations across its offshore drilling campaigns. This contract follows less than a month after the firm secured an assignment with Hibiscus Oil & Gas in Malaysian waters.