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.