
Velesto Wins $51 Million Naga 8 Contract for North Malay Basin
Velesto has secured a $51 million i-RDC contract to deploy the Naga 8 jack-up rig for the North Malay Basin campaign from August 2026 through 2028.

Velesto has secured a $51 million i-RDC contract to deploy the Naga 8 jack-up rig for the North Malay Basin campaign from August 2026 through 2028.

Velesto Energy has terminated a drilling contract involving the Naga 8 jack-up rig in Malaysia. The rig remains deployed for Jadestone’s East Belumut Phase 9 project until July 2026.

ADES has secured contracts for Shelf Drilling Odyssey in Nigeria and Shelf Drilling Fortress in the UK North Sea, with work expected to begin in 2027 and late 2026.

Velesto has terminated the proposed sale of the Naga 3 jack-up rig to PT Indonesia Drilling Energy. The rig remains a Velesto asset after the agreement ended on 7 July 2026.

Boskalis used BOKA Summit to tow the 55 m-high Irish Sea Pioneer to Blyth over seven days, applying 40 tonnes of towing line tension to avoid excessive forces on the towing gear.

PV Drilling has acquired an additional jack-up rig, tentatively named PV DRILLING X, to expand capacity and support growing offshore drilling demand in the region.

West Natuna Exploration Limited has secured the Admarine 502 jack-up rig for a six-well Mako gas field drilling campaign in Indonesia, scheduled to begin in Q2 2027.

Masirah Oil Limited will update the schedule for a three-well development drilling programme at the Yumna field in Block 50 offshore Oman.

Seaway Eagle departed Vlissingen carrying the historic jack-up drilling rig Magniacus, which appears to be heading to Aliaga, Turkey, for recycling.
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