Velesto completes offline capability upgrade for two rigs


Earlier this year, Naga 5 and Naga 6 secured work orders with PTTEP HK Offshore Ltd and PETRONAS Carigali Sdn Bhd, respectively. (File pic shows Naga 7 rig)

KUALA LUMPUR: Velesto Energy Bhd has completed the upgrading works for its Naga 5 and Naga 6 rigs to make them the first in the country with offline capabilities.

The group said the offline capabilities on the two jack-up rigs will reduce the total time spent on wells as the rigs are able to do multiple scope of activities while drilling.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Crest Builder secures RM73.9mil mixed-use project subcontract
FBM KLCI steadies by midday as bargain-hunting trims early losses
Malaysia’s inflation rises 1.4% in November, below expectations
Gold hits record high on Fed rate-cut bets; silver scales fresh peak
Ringgit Asia’s best-performing currency this year, on track to strengthen further in 2026
Transition of MASwings operations to airborneo effective Jan 1, 2026
Foreign investors extend selling streak, pull RM363.3mil from Bursa Malaysia
Coastal Contracts secures US$1.14bil Pemex gas project in Mexico
IHH’s Fortis to enhance presence in southern India
FBM KLCI opens week lower amid cautious sentiment

Others Also Read