Want more drilling content?
Offshore's monthly Drilling Technology Report provides updates on the latest drilling equipment, techniques, challenges and technologies. Subscribe (it's FREE) to the e-newsletter to receive the latest offshore drilling news and insights from the oil and gas industry.
PTTEP HK Offshore has issued a letter of award to Velesto Drilling.
This covers the supply of one jackup rig for the company’s 2025-2026 drilling campaign offshore southeast Asia.
Velesto will assign the NAGA 5 rig for the contract, which covers 15 wells with up to eight optional wells. The estimated value is about $40 million.
NAGA 5 is an independent-leg cantilever jackup rig capable of drilling to depths of 30,000 ft, with a rated operating water depth of 400 ft.
EXCLUSIVE CONTENT:
Offshore's Europe Editor Jeremy Beckman recently interviewed Megat Zariman Abdul Rahim, president of Velesto Energy Berhad. Check back soon in our Exclusive Content section for the full Q&A.