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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Velesto energy , drill , oil , Sarawak Shell , Naga 4 ,

Next In Business News

Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Stiff competition to reshape auto landscape
Steel Hawk unit secures Sabah contract
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls
Glovemakers shift focus as China floods markets
Strata overhang to ease if prudence continues
Carimin acquires 19.5% stake in Sealink International for RM40mil

Others Also Read