Hess books NAGA 5 jackup for North Malay Basin drilling
Nov. 7, 2022
Hess has contracted Velesto Energy to provide rig, drilling and completion services for its 2022-2024 offshore North Malay Basin full-field development campaign.
Velesto will supply its jackup NAGA 5 for the program, with an estimated contract value of $135 million.
With i-RDC, the integration of drilling rig services, equipment and in some cases procurement of materials for drilling and completion services are covered under a single contract between the operator, as the owner of the project, and the service company, acting as i-RDC contractor.
