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.

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Monthly Plan

RM 13.90/month

RM 8.34/month

Billed as RM 8.34 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 7.40/month

Billed as RM 88.80 for the 1st year, RM 148 thereafter.

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Velesto energy , drill , oil , Sarawak Shell , Naga 4 ,

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