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.
