Velesto Secures Petronas Offshore Drilling Contract for Jack-Up Rig
Malaysian contractor Velesto has landed a new offshore drilling charter with state energy group Petronas for a 2010-built jack-up unit.
Offshore drilling contractor Velesto has finalized a new charter agreement with Malaysian energy major Petronas to deploy a jack-up drilling unit for operations in domestic waters.
Under the terms of the agreement, the 2010-built mobile offshore drilling asset will carry out drilling activity off the coast of Malaysia.
The 16-year-old rig expands Velesto's operational commitments in the Southeast Asian offshore energy sector through this latest campaign with the Malaysian state-owned operator.
Further commercial terms regarding the assignment, including the specific contract length and financial value of the drilling work, were not detailed.
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