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.
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.
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.
Velesto Energy reports a $769 million tender book and focuses on securing long-term contracts. The company maintains strong fleet utilization in Malaysia, Thailand, and Indonesia, with a focus on operational excellence.
