PTTEP lets drilling contract for work offshore Malaysia
PTTEP has let a drilling contract to Velesto Energy Berhad subsidiary Velesto Drilling Sdn. Bhd. for work on the operator's 2025–2026 drilling campaign in Malaysia.
Under the contract, Velesto will assign the NAGA 5 rig to drill a firm 15 wells. Operations are scheduled to begin in June 2025.
NAGA 5 is an independent-leg cantilever jack-up drilling rig with a rated operating water depth of 400 ft and drilling depth capability of 30,000 ft.