
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 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.

Sabah Shell Petroleum Company awarded Velesto Workover two multi-year contracts for offshore Sabah deepwater support, covering top tension riser maintenance on a tension leg platform, delivered with INVX Asia Pacific.
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