Velesto jackup contract extended by Hess

Malaysian offshore driller Velesto Energy (formerly UMW Oil & Gas) has been awarded a contract extension from Hess Exploration and Production Malaysia for jackup rig NAGA 8, operating in the North Malay Basin, offshore Malaysia.

The contract is for a duration of 18 months, with an option for further extension, and worth around $38m.

Velesto 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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