Velesto awarded jackup contract by ConocoPhillips

Velesto Energy subsidiary Velesto Drilling has been awarded a contract by ConocoPhillips Sarawak and ConocoPhillips Sarawak Oil for jackup rig Naga 7.

The contract will commence during the first half of 2021, and is for the drilling of up to three weeks. The value of the deal is $8m.

Earlier this month, Velesto was awarded a contract by Petronas for two of its jackup rigs, Naga 2 and Naga 5.

Velesto Energy, formerly known as UMW Oil & Gas, owns a fleet of seven jackup rigs.

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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