Velesto Drilling awarded seven-well contract by Shell

Velesto Energy’s Velesto Drilling has been awarded a contract by Sarawak Shell and Sabah Shell Petroleum for the provision of jackup rig Naga 4.

The contract is for seven wells and has an estimated contract value of $17.68m.

Velesto Energy, formerly known as UMW Oil & Gas, owns a fleet of seven jackup rigs. Last month, the company was awarded contracts by both ConocoPhillips and Petronas.

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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