Velesto awarded $135m drilling contract with Hess

Offshore drilling unit of Malaysia’s Velesto Energy has secured a new contract with Hess for the provision of integrated rig, drilling and completion services.

The contract, worth around $135m, will see Velesto support Hess’ 2022 to 2024 North Malay Basin full field development campaign.

The 2014-built jackup rig Naga 5 will be utilised for work on 14 wells starting in the fourth quarter of this year.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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