Velesto lands five-year jackup deal with Petronas

Velesto secures 5-year drilling contract for NAGA 2

Velesto Energy was awarded a drilling contract by PETRONAS Carigali for the NAGA 2, an independent-leg cantilever jackup drilling rig with a drilling depth capability of 30,000 ft and has a rated operating water depth of 350 ft. Under the contract, the rig will undertake drilling activities, with operations having started in February 2026 for … The post Velesto secures 5-year drilling contract for NAGA 2 appeared first on Drilling Contractor.

Velesto lands five-year jackup deal with Petronas

The offshore drilling unit of Malaysia’s Velesto Energy has won a contract for one of its jackup rigs from compatriot Petronas Carigali. The Malaysian oil and gas company hired Velesto’s 2009-built Naga 2 jackup rig. The drilling activities already started in February and will last for a firm period of five years. The contract is …