Boskalis tees up vessels to recover sunk Velesto oil rig
The Naga 7 rig capsized in 2021.
Velesto Energy
Contract terminated for sunken rig hired by ConocoPhillips off Malaysia
Malaysian driller Velesto Energy said that a contract to provide a jack-up drilling rig to ConocoPhillips for work offshore Sarawak in Malaysia has been officially terminated after the unit sunk in early May.
Velesto in the black after insurance payment for sunken rig
Malaysian driller Velesto Energy is back in the black after reporting a net profit of RM16.27 million ($3.88 million) for the second quarter following an insurance payout related to the sunken jack-up drilling rig NAGA 7.
Velesto abandons sunken drilling rig off Malaysia
Velesto Energy’s NAGA (dragon) 7 jack-up drilling rig that sunk offshore Malaysia last month while under contract to ConocoPhillips will be abandoned.
Analyst upgrades Velesto after rig working for ConocoPhillips sinks off Malaysia
The sinking of Velesto Energy’s NAGA (dragon) 7 jack-up rig offshore Malaysia has prompted investment firm CGS-CIMB to upgrade the drilling company as the closed-door investigation into the accident continues.
Seadrill Partners wins more Malaysia drilling with West Capella
Seadrill Partners will use its West Capella drillship to drill four wells offshore Malaysia for an unnamed client in a deal worth about $43 million.
Velesto evaluates recovery options for sunken rig off Malaysia
Malaysia’s Velesto Energy is evaluating potential recovery options for its jack-up drilling rig NAGA (dragon) 7 that sunk off the Malaysian state of Sarawak while working for ConocoPhillips.
EXCLUSIVE: Velesto rig contracted by ConocoPhillips sinks off Malaysia
A jack-up drilling rig owned by Malaysia’s Velesto Energy, and working for ConocoPhillips, off the Malaysian state of Sarawak, has sunk.