Valesto awarded jackup contract by Petronas

Valesto awarded jackup contract by Petronas

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.

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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