Valesto awarded 11-well drilling contract

Valesto awarded 11-well drilling contract

Malaysia’s Velesto Energy, formerly UMW Oil & Gas, has been awarded a contract by Roc Oil (Sarawak) for the provision of a jackup rig for the D35 Phase 2 Infill Drilling Programme.

Valesto has assigned the 2013-built Naga 4 for the project, which will see the drilling of 11 wells commencing August.

The estimated contract value is $31.04m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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