Velesto seals two jackup contracts with Petronas

Malaysia’s Velesto Energy has been awarded deals by Petronas for the provision of jackup drilling rigs Naga 2 and Naga 5.

The 2009-built Naga 2 will drill three wells firm, with commencement scheduled between May 15 and June 15. The 2014-built Naga 5 will drill one well firm, commencing between April 1 and April 14, with two one-well options available.

The two deals are worth a total of around $20.76m.

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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