The Board of Directors of Velesto Energy announced that Velesto Drilling received a Notice of Assignment (NOA) from Petronas for its NAGA 2, NAGA 4 and NAGA 6 jackups for continued operations offshore Malaysia. The respective contract values are $73,040,600, $94,883,800 and $97,077,800.
On 2 February 2024, Velesto received two-year extensions for its rigs, with the contracts running until February 2026.(2024-03-25)