Velesto secures jackup drilling contract offshore Thailand

(WO) — Velesto Energy Berhad has secured a contract from Northern Gulf Petroleum (NGP) for the provision of jackup drilling services offshore Thailand.

Under the award, Velesto will deploy its NAGA 6 jackup rig for a drilling campaign in the Gulf of Thailand. The program includes four infill wells and three exploration wells.

The contract was awarded to Velesto's wholly owned subsidiary, Velesto Sumber Sdn. Bhd., and will include associated drilling services for the offshore campaign.

“We appreciate the confidence placed in Velesto by NGP,” said Megat Zariman Abdul Rahim, President of Velesto Energy Berhad. “The award supports the continued utilization of our premium jackup rigs and reflects our ability to secure opportunities across our core operating markets amid ongoing offshore development and exploration activities in the region.”

The latest contract adds to Velesto's drilling backlog and supports utilization of its offshore rig fleet as operators continue to pursue development and exploration opportunities across Southeast Asia.

The Gulf of Thailand remains one of the region's most active offshore basins, with ongoing drilling programs focused on both field development and new resource exploration.