Velesto Wins $51 Million Naga 8 Contract for North Malay Basin
23, July 2026
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.
Naga 8
Velesto Terminates Naga 8 Drilling Contract in Malaysia
21, July 2026
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.
Velesto Lands $16.5m Naga 8 Jackup Contract
25, February 2026
Velesto Energy secured a $16.5m-plus jackup contract from Jadestone Energy for the 2015-built Naga 8 rig to drill East Belumut Phase 9 from March–July 2026.
