The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”) has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. (“PCSB”), for the provision of jack-up drilling rig services
The Contract is for the provision of services of jack-up rig, namely NAGA 2, with an estimated Contract value of USD12.4 million.
Details of the Contract is summarized below:
Provision of Jack-Up Drilling Rig “NAGA 2”
For the provision of drilling rig services for PCSB’s drilling program, VEB Group assigns its NAGA 2 to drill five (5) firm wells, with the extension option of one (1) plus one (1) well, with an expected commencement date of between 1 December 2021 to 31 December 2021.
NAGA 2 is a premium independent-leg cantilever jack-up rig with drilling depth capability of 30,000 feet and has a rated operating water depth of 350 feet.
Source: Velesto
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