Velesto drilling rigs
Velesto Energy Berhad
Velesto is the largest jack-up drilling rigs owner and operator from Malaysia and Southeast Asia. In addition, we provide integrated drilling and workover services to meet our clients''
Velesto wins 15-well drilling contract from PTTEP for 2025–2026
VELESTO Energy Bhd said that its wholly-owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract from PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd
TECHNOLOGY COLLABORATION: VELESTO,
The MoU aims to establish a collaborative framework that leverages NOV''s drilling automation system (''NOVOS'') and other Energy Carbon Optimization Solutions (''ECOS'') including
Velesto signs MOU with SLB to boost drilling rig
Velesto Energy, through its subsidiary Velesto Drilling, has entered into a memorandum of understanding (MOU) with SLB, aimed at enhancing
VELESTO COMPLETES SPS FOR NAGA 2; SECURES
About Velesto Energy Berhad VELESTO ENERGY BERHAD is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry through our fleet of six
Velesto secures US$40 mil drilling contract from
Velesto owns and operates six premium jack-up drilling rigs, which are suited for shallow water operations across Southeast Asia. The company
Sunken Velesto rig removed from seafloor offshore Malaysia
Velesto Energy says its NAGA 7 jackup drilling rig, which sank offshore the coast of Sarawak in May 2021, has been removed with remaining recycling activities set to be
Seadrill, Velesto provide drilling fleet status updates
Negotiations continue with a potential client for NAGA 5, with the rig likely to start work by June. The near-term outlook for jackup rigs in
Another Velesto jack-up rig ready for five more years
The NAGA 6 rig''s SPS follows the completion of the same five-year classification requirement for the NAGA 2 jack-up in August 2024 before the
Three Velesto jack-up rigs pick up more drilling work with
Petronas Carigali (PCSB), a wholly-owned subsidiary of Malaysian state-owned energy giant Petronas, has booked three jack-up rigs from Velesto, a compatriot rig owner, for
Technology Collaboration: Velesto, PETRONAS, and
Velesto Energy Berhad (''Velesto''), through its subsidiary Velesto Drilling Sdn Bhd, has signed a Memorandum of Understanding (''MoU'') with
Velesto rig completes special survey in Malaysia
Velesto Energy''s NAGA 6 jackup rig has completed a five-yearly special periodical survey at Labuan Shipyard in Malaysia. The scope of work
Velesto announced completion of offline capabilities upgrade for
VELESTO ENERGY BERHAD (''Velesto'') announced that it has completed the offline capabilities upgrading works for NAGA 5 and NAGA 6, making the two rigs - the first
PTTEP Hires Velesto''s Jack-Up Rig for Drilling
Velesto continues to benefit from rising regional demand for jack-up rigs and anticipates a more active second half of 2025, supported by a robust
Petronas pounces on Velesto rig for Indonesia gig
Petronas pounces on Velesto rig for Indonesia gig Jack-up rig Naga 8 to drill at least 12 wells across three PSCs Velesto Energy president,
Velesto signs MOU with SLB to boost drilling rig
Velesto, a Malaysia-based multinational, provides services to the upstream oil and gas industry with a fleet of six jack-up drilling rigs and two
15-well drilling campaign in Malaysian waters goes to Velesto rig
The NAGA 5 premium independent-leg cantilever jack-up drilling rig has a rated operating water depth of 400 feet and drilling depth capability of 30,000 feet. "Velesto
Velesto wins 15-well drilling contract from PTTEP for
VELESTO Energy Bhd said that its wholly-owned subsidiary, Velesto Drilling Sdn Bhd, has secured a contract from PTTEP HK Offshore Ltd and
1Q2025 Financial Results: Velesto Delivers Strong Pat Amid Lower Rig
Velesto Energy Berhad (''Velesto'') announced its financial results for the first quarter ended 31 March 2025 (''1Q2025''), delivering strong profitability despite softened rig
Velesto | Shaping a Sustainable Tomorrow with Innovation and
We own and operate a fleet of offshore drilling rigs, specifically designed to meet the evolving demands of the industry. Velesto owns and operates six (6) premium jack-up rigs. Our
GENERAL WELL CONTROL
GENERAL Name Design Delivery Construction Yard Jack Up Type Flag Classification Class Notations VELESTO NAGA 5 Keppel FELS B Class Design March 2014 Keppel FELS Yard,
Velesto provides rig update, reports ''softened rig utilization''
As of April 2025, Velesto reported that its order book has doubled to RM1.4 billion (US$329.9 million), providing earnings visibility until 2028. Velesto owns and operates six
PTTEP takes Velesto rig for 15 offshore wells | Offshore
This covers the supply of one jackup rig for the company''s 2025-2026 drilling campaign offshore southeast Asia. Velesto will assign the NAGA 5 rig for the contract, which
Southeast Asia calling jack-up duo: One Velesto rig
While Malaysia''s rig owner Velesto, which is set on actively pursuing new assignments in Southeast Asia for its jack-up fleet, is due to
''Strategic expansion'': Velesto to drill 40-plus wells offshore Vietnam
Malaysia''s Velesto Drilling has won a contract to deploy one of its jack-ups for a 40-plus well campaign offshore Vietnam. The contractor said this long-term contract marks the group''s
Velesto jack-up rig picks up multi-million extension
Velesto has been awarded a long-term contract extension with an estimated value of $74 million for one of its jack-up drilling rigs.
Velesto Energy bags US$90m job to provide drilling
Oil and gas services provider Velesto Energy Bhd (KL:VELESTO) has bagged a contract worth over US$90 million (RM383 million) to provide
Velesto brings jack-up rig''s SPS forward to prep it for
This is a premium independent-leg cantilever jack-up rig with a drilling depth capability of 30,000 feet and a rated operating water depth of
Velesto Secures Drilling Contract for NAGA 8 in Indonesia
Velesto Energy Berhad (''Velesto'' or the ''Group''), today announced that it has secured a new drilling contract from PC Ketapang II Ltd, PC North Madura II Ltd, and

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