Velesto bags RM569.6mil contract from Petronas FMTNews FMTBusiness
Velesto Energy Bhd through its subsidiary has secured a RM569.6 million contract to supply three jack-up drilling rigs to Petronas Carigali Sdn Bhd.
In the group’s filing with Bursa, VED announced that the contract was for the provision of three jack-up drilling rigs – named Naga 3, Naga 4, and Naga 6 – which are expected to commence in the third quarter of 2023. Velesto also said that the provision of these services are expected to contribute to VED’s earnings and net assets during the respective campaign period for the financial period ending Dec 31, 2023 and 2024.
Apart from offshore drilling services and operations, VED provides other engineering services for oil and gas exploration, and development and production, both locally and abroad.
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