PETALING JAYA: Velesto Energy Bhd
has entered into a sale and purchase agreement with PT Indonesia Drilling Energy for the sale of its jack-up drilling rig, Naga 3, for RM258.4mil.
In a statement, the oil and gas company said the divestment of Naga 3, built in 2010, is in line with the group’s ongoing fleet optimisation, with focus on more technically competitive rigs consistent with its position as a premium rig operator.
“The disposal is expected to yield an estimated gain of approximately RM1.4mil.”
The proposed disposal is expected to be completed by the end of the first half of 2026, allowing Velesto enhanced agility in managing its fleet through a broader mix of ownership and leasing structures, while prioritising rigs that meet current market requirements.
Following the acquisition by PT Indonesia Drilling Energy, Naga 3 is slated for deployment in Malaysian waters through Texcal Energy’s subsidiary, AFED Texcal Energy Ventures Sdn Bhd, to support its exploration and production operation.
