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Oil & Gas / Asia

ConocoPhillips gears up for Malaysian drilling

Damon Evans By Damon Evans
29/03/2021, 3:37 am
Photo of Damon Evans
© Shutterstock / Odua ImagesMalaysian flags flutter in the wind.
Malaysian flags flutter in the wind.

ConocoPhillips is set to drill up to three wells off the Malaysian state of Sarawak after hiring a jack-up drilling rig from Malaysia’s Velesto Energy.

Velesto said ConocoPhillips has hired its Naga (dragon) 7 jack-up rig under a contract worth $8 million. Drilling is planned to start before end of June.

ConocoPhillips is considering drilling up to three wells offshore Sarawak this year – the Salam-3 appraisal and the Gagau-1 wildcat on Block WL4-00, and the Mersing-1 exploration well on Block SK 304.

The Naga 7 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and is rated to operate in water depths of up to 375 feet, Velesto said in a filing with the Malaysian stock exchange.

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