Velesto wins jack-up drilling rig job

The contract is for Velesto’s jack-up rig, namely NAGA 4, which will be used to drill seven firm wells.

KUALA LUMPUR: Velesto Energy Bhd’s unit Velesto Drilling Sdn Bhd has received a letter of award from Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Co Ltd (SSPC) to provide jack-up drilling rig services for US$17.68mil (RM72.97mil).

The contract is for Velesto’s jack-up rig, namely NAGA 4, which will be used to drill seven firm wells.