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    1. Vessels

    Velesto subsidiaries awarded drilling/workover jobs offshore Malaysia

    Aug. 16, 2023
    Jadestone Energy (Malaysia) has contracted Velesto Drilling to provide the Velesto NAGA 2 jackup for its East Belumut infill drilling program.
    Related To: Jadestone Energy
    Courtesy Velesto Energy
    Velesto Ofs Drilling 64dcf5e52a30a

    Offshore staff

    Courtesy Velesto Energy
    NAGA 2 is a three-legged 350 ft independent leg jackup drilling rig designed by GustoMSC and built by Drydocks World SE Asia.
    NAGA 2 is a three-legged 350 ft independent leg jackup drilling rig designed by GustoMSC and built by Drydocks World SE Asia.
    KUALA LUMPUR, Malaysia — Jadestone Energy (Malaysia) has contracted Velesto Drilling to provide its NAGA 2 jackup for its East Belumut infill drilling program.

    The $6.1 million award covers four firm wells with work starting in the current quarter. NAGA 2 is an independent-leg cantilever jackup with a drilling depth capability of 30,000 ft, operable in water depths of up to 350 ft.

    Velesto Workover has a letter of award from ExxonMobil Exploration and Production to provide services for its 2023-2024 workover and plug and abandonment (P&A) campaign.

    Courtesy Velesto Energy
    GAIT 6 was built in 2014.
    GAIT 6 was built in 2014.

    Terms cover supply of one hydraulic workover unit, Velesto's GAIT 6, with the two-year contract set to take effect in the current quarter.

    GAIT 6 has maximum pulling and snubbing capacities of 460,000 lb and 225,000 lb, respectively, for rigging up on offshore platforms to perform well workovers and P&A operations.

    08.16.2023