Velesto Energy announced that it has received a Letter of Award from ExxonMobil Exploration and Production Malaysia Inc. for provision of one (1) hydraulic workover unit and services for EMEPMI (“Contract”).
The duration of the Contract is one (1) year commencing from Q3-2022 until completion of EMEPMI’s selected wells program. The value of this enabling contract with no guarantee of call-offs shall be based upon the agreed rates and work order, if any, issued by EMEPMI within the Contract term.
Source: Velesto
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