
Velesto Wins Malaysia Offshore Rig Contract
Velesto Energy secured a Malaysia offshore drilling contract with Hibiscus Oil & Gas covering nine firm wells and up to seven optional wells for 2026 operations.

Velesto Energy secured a Malaysia offshore drilling contract with Hibiscus Oil & Gas covering nine firm wells and up to seven optional wells for 2026 operations.

ADES Holding Company secured a $48.2 million offshore drilling contract in Nigeria for the Main Pass IV jack-up rig, with work expected to start in Q3 2026.

PV Drilling has signed a 160-day jack-up rig supply contract with Zarubezhneft EP Vietnam B.V. for the Thien Nga – Hai Au development drilling campaign offshore Vietnam.

Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.

PV Drilling has secured the jack-up rig THOR from Borr Drilling for PVEP-Cuu Long’s 2026 two-well campaign at Block 15-1 offshore Vietnam.

Valeura Energy has secured the Shelf Drilling Enterprise on a three-year charter to support offshore Thailand activity, with drilling expected to begin in the fourth quarter and continue through 2029.

Valeura Energy has chartered Shelf Drilling’s Enterprise rig for multi-year work in the Gulf of Thailand, with operations currently planned to start in the fourth quarter of 2026.

ModuSpec has secured about £450,000 in shipyard-based rig intake and inspection projects covering two drillships and two jack-up rigs, with work spanning Las Palmas, Croatia and Pointe-Noire ahead of offshore drilling campaigns in Europe and Africa.

Borr Drilling said Arabia III has resumed work offshore Saudi Arabia, while Groa and Arabia II are due to restart in April 2026. The company also expects Odin to begin work next month and confirmed a new six-month award for Skald in Southeast Asia.
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