The Board of Directors of Velesto Energy Berhad is pleased to announce that Velesto Drilling Sdn. Bhd. has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. (“PCSBâ€), for the Provision of Jack Up Drilling Rig “NAGA 7â€.
The Contract is for the provision of Drilling Rig Services for PCSB’s drilling programm, whereby VEB Group will assign its NAGA 7.
The Contract is to drill two (2) firm wells with estimated contract value of USD8 million and expected commencement date in Quarter 3 2019.
Source: Velesto Energy
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