Offshore drilling unit of Malaysia’s Velesto Energy has secured a letter of award from compatriot upstream company Petronas Carigali for the provision of jackup drilling rig services.
The deal will see the 2009-built premium jackup rig Naga 2 assigned to drill five wells from December this year.
The contract is worth around $12.4m and Petronas has an option to extend the deal by up to two wells.
Petronas previously hired the rig in March for a three-well drilling campaign. Velesto owns a fleet of seven jackup rigs.