Velesto Energy confirmed a 60-month charter for jack-up Naga 2 with Petronas Carigali, starting in February 2026. Contract value was undisclosed, with the deal expected to support utilisation and earnings visibility through 2030.
OceanSTAR Elite’s Malaysia unit signed a 15-year FPSO charter with PETRONAS Carigali for the Sepat Integrated Redevelopment offshore Terengganu, including EPCIC plus operations and maintenance.
Velesto Energy agreed to sell the Naga 3 jack-up rig to PT Indonesia Drilling Energy for $63 million cash, with the unit slated for Malaysian waters via TexCal Energy’s AFED subsidiary.
Lianson Fleet Group and PV Drilling have agreed to review joint activities in Malaysia’s offshore drilling sector. Their planned partnership includes rig ownership, chartering and service support, with an initial target of two jack-up units. A shareholders’ agreement is expected in early 2026.
