Velesto Energy Berhad announced that its wholly-owned subsidiary has secured a contract award from Northern Gulf Petroleum Pte Ltd for the provision of jack-up drilling rig services and associated services offshore Thailand.
Under the contract, Velesto will provide NAGA 6 for a drilling campaign located in the Gulf of Thailand. The firm work scope comprises four (4) infill wells and three (3) exploration wells.
Megat Zariman Abdul Rahim, President of Velesto, said, “We appreciate the confidence placed in Velesto by NGP. The award supports the continued utilisation of our premium jack-up rigs and is expected to contribute positively towards earnings.
The contract award further strengthens Velesto’s drilling segment and reflects continued ability to secure opportunities across our core operating markets amid ongoing offshore development and exploration activities in the region.”
