Offshore drilling unit of Malaysia’s Velesto Vitality has secured a two-year contract extension with Petronas Carigali for 3 of its jackup drilling rigs.
The corporate mentioned in a submitting that, inclusive of its present drilling marketing campaign assigned between 2023 and 2024, the fixtures are price a complete of about $265m.
The contract extension overlaying the rigs Naga 2, Naga 4, and Naga 6 has already kicked in and runs till February 6, 2026.
The deal highlights robust utilisation and likewise signifies the potential for strong monetary efficiency within the coming years, with an order guide extending to 2025 and 2026, Velesto Vitality famous.
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