KUALA LUMPUR: Velesto Energy Bhd
has completed its mandatory five-yearly special periodical survey (SPS) for Naga 2.
In a statement, Velesto said the rig, dry docked in Singapore since June 24, 2024, will head to Sarawak to begin a development drilling campaign.
In addition, Velesto has received a letter of award for Naga 3 from Thang Long Joint Operating Co. Naga 3 is expected to be working in Vietnam from September to November 2024.
“We are pleased with both positive developments. Naga 2 completing its SPS on time allows the rig to continuously support our client’s work plans for the remaining contract period,
“We are also delighted that Naga 3 has been given the opportunity to return to work in Vietnam, allowing us to maximise our utilisation before Naga 3’s SPS in the first quarter of 2025,” president Megat Zariman Abdul Rahim said.In March 2024, Velesto announced it was awarded a letter of extension from PETRONAS Carigali Sdn Bhd for its umbrella contract from February 2024 to February 2026, including notice of assignments for Naga 2, Naga 4 and Naga 6.
