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    Velesto snags $13.4M P&A work at Petronas' Tembungo Field

    Aug. 26, 2022
    Velesto Workover Sdn. Bhd. has received a work order award from Petronas Carigali Sdn. Bhd. for provision of plug and abandonment integrated services for Tembungo A & B offshore Sabah, Malaysia.
    Courtesy Velesto Energy
    Oilfield Services Velesto 6309537a03e19

    Offshore staff

    MALAYSIA — Velesto Workover Sdn. Bhd. has received a work order award from Petronas Carigali Sdn. Bhd. for provision of plug and abandonment integrated services for Tembungo A & B offshore Sabah, Malaysia.

    The work is for an estimated value up to RM60 million (US$13.4 million) with salient terms as follows:

    • The duration of the campaign is for 21 months for Tembungo-A tentatively from May 2022 until January 2024 with an extension option of 12 months for Tembungo-B tentatively from January 2024 until December 2024.
    • Provision of integrated project management and hydraulic workover unit services for the duration of the campaign.

    08.26.2022

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