Velesto bags Vietnam drilling job for over 40 wells

Velesto bags Vietnam drilling job for over 40 wells

KUALA LUMPUR: Velesto Energy Bhd has secured a drilling contract from Phu Quoc Petroleum Operating Company in Vietnam involving more than 40 wells, with operations expected to begin in the first half of 2026. © New Straits Times Press (M) Bhd

The Operations of the Joint Venture Vietsovpetro May Be Extended Until the End of the Year 2050

The Government of the Russian Federation has approved a draft protocol introducing amendments to the agreement between the Russian Federation and the Socialist Republic of Vietnam regarding the operation of the joint venture Vietsovpetro, which includes the participation of the Russian oil company Zarubezhneft on the continental shelf of the Socialist Republic of Vietnam, according to a directive issued by the Cabinet of Ministers of the Russian…

Velesto jackup to drill over 40 wells in Vietnam

AsiaOffshore EPIC Berhad EPIC Berhad Offshore drilling unit of Malaysia’s Velesto Energy has won a contract for one of its jackup rigs from Phu Quoc Petroleum Operating Company (PQPOC) in Vietnam. The contract was awarded to the 2013-built Naga 4 jackup, which was hired to drill over 40 wells for the Vietnamese firm. The deal for the independent-leg cantilever jackup drilling rig has an estimated contract value of over $40m. Dril…

Velesto secures new drilling contract in Vietnam - Drilling Contractor

Velesto was awarded a drilling contract by Phu Quoc Petroleum Operating Company in Vietnam. This long-term contract marks the group’s expansion into the Southeast Asian market, particularly Vietnam. Under the contract, Velesto’s NAGA 4 jack-up rig will undertake drilling activities for more than 40 wells. Operations are expected to commence in H1 2026. NAGA 4 … The post Velesto secures new drilling contract in Vietnam appeared first on Drilling …