Malaysia’s Valesto Energy has been awarded a contract by oil major Petronas for 2005-built jackup rig NAGA 7.
The contract is scheduled to commence next month, and is for two firm wells. The contract value is $8m.
Valesto has announced several contracts of late, including a contract for two jackups with Petronas, a $25m contract with Shell and 11-well campaign with Roc Oil.