Velesto wins contract for NAGA 6 drilling rig in Thailand

Malaysia-based Velesto Energy’s subsidiary Velesto Sumber has won a declaration for jack-up drilling rig services and related operations offshore Thailand from Northern Gulf Petroleum (NGP).

The declaration involves the deployment of the NAGA 6 rig for a drilling run successful the Gulf of Thailand.

The scope of the declaration includes drilling 4 infill wells and 3 exploration wells, with options for up to 2 further exploration wells. According to the company, operations nether the declaration are expected to statesman successful the 3rd 4th of 2026.

NAGA 6 is described arsenic a premium autarkic limb jack-up drilling rig with the capableness to drill to depths of up to 30,000ft (9,144m) and run successful waters up to 375ft deep.

Velesto Energy president Megat Zariman Abdul Rahim said: “We admit the assurance placed successful Velesto by NGP. The grant supports the continued utilisation of our premium jack-up rigs and is expected to lend positively towards earnings.

“The declaration grant further strengthens Velesto’s drilling conception and reflects continued quality to unafraid opportunities crossed our halfway operating markets amid ongoing offshore improvement and exploration activities successful the region.”

NGP, established successful 2004, operates arsenic Thailand’s lone privately owned lipid and state exploration and accumulation company. Its concern focuses connected the acquisition, development, cognition and absorption of upstream lipid and state assets successful South East Asia.

Velesto Energy provides upstream lipid and state services and has a fleet comprising six wholly owned jack-up drilling rigs and 2 hydraulic workover units.

The institution states that it is the largest proprietor and relation of jack-up drilling rigs successful Malaysia and South East Asia, with acquisition spanning aggregate South East Asian countries including Indonesia, Vietnam, the Philippines and Thailand.

In a abstracted improvement successful May 2026, Velesto announced a declaration done its subsidiary, Velesto Drilling, with Hibiscus Oil & Gas Malaysia for the proviso of a jack-up drilling rig for planned drilling activities successful Malaysia.

The declaration for Hibiscus includes drilling 8 plug and abandonment wells and 1 exploration well, with up to 7 further optional wells. These operations were owed to commence successful May 2026.

"Velesto wins declaration for NAGA 6 drilling rig successful Thailand" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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