Valesto awarded two jackup contracts by Petronas

Valesto awarded two jackup contracts by Petronas

Velesto Energy has been awarded two contracts by Petronas for jackup rigs NAGA 3 and NAGA 5 worth a total of $10.8m.

The contract for NAGA 3 is for two firm wells with an option for an additional well, commencing between July 15 to August 15.

Naga 5 has been contracted for two wells, with two options, commencing between August 1 and August 30.

The contract award is the third announced by Valesto in three months, last month sealing a jackup contract with Shell and the previous month an 11-well contract 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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