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Velesto bags North Malay Basin contract from Hess Exploration

Tuesday, November 8 2022

Fossil Energy – Malaysia

Velesto Energy has bagged a US$135 million contract from Hess Exploration and Production Malaysia.

It said the contract was for the provision of integrated rig, drilling and completion (I-RDC) services for Hess’ 2022 to 2024 North Malay Basin full field development campaign.

“The contract is to provide I-RDC services covering 14 wells with an expected commencement date in the fourth quarter of 2022,” the oil and gas (O&G) offshore drilling services provider said in a filing with Bursa Malaysia today.

Velesto said the group would assign its jack-up rig Naga 5 for the contract.

Related posts:

  1. Velesto bags US$11m contract from Petronas Carigali unit
  2. Jack-up Noble Tom Prosser awarded two contracts in Southeast Asia
  3. Velesto’s rigs received Notice of Assignments from Petronas
  4. Noble secures contract for jack up in Danish North Sea

Filed Under: Drilling, drilling rig, Hess, International projects, Malaysia, Velesto Tagged With: drilling, Hess, malaysia, Velesto

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