Valesto scores Shell jackup contract

Valesto scores Shell jackup contract

Velesto Energy, formerly UMW Oil & Gas, has been awarded a contract by Sarawak Shell and Sabah Shell Petroleum Company for the provision of jackup drilling rig services.

The company has assigned 2015-built NAGA 7 for the project with commencement tentatively set for August or September.

The contract value is around $25m

Last month, Valesto was awarded a $31.04m 11-well contract by 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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