Velesto Energy announced that it has received a Letter of Award from Hess Exploration for the provision of Integrated Rig, Drilling and Completion (“I-RDC”) Services for 2022 to 2024 North Malay Basin Full Field Development Campaign, with an estimated Contract value of USD135 million.
Velesto will assign its jack-up rig NAGA 5 for this Contract. The Contract is to provide I-RDC services covering 14 wells with an expected commencement date in Q4-2022.
Source: Velesto
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