Velesto Secures US$90mil Drilling Contract in Indonesia

Velesto secures US$90mil drilling contract in Indonesia

KUALA LUMPUR: Velesto Energy Bhd has secured a new drilling contract valued at US$90 million (RM423 million) from three Indonesian oil and gas companies for the deployment of its Naga 8 jack-up rig in Indonesia. © New Straits Times Press (M) Bhd

SK earthon secures rights to explore 2 offshore oil blocks in Indonesia

SK earthon, the energy exploration unit of Korea's SK Group, said Thursday it has won exploration rights to two offshore oil and gas blocks in Indonesia. The company said it recently signed production...

Velesto bags $90m jackup deal in Indonesia

Offshore drilling unit of Malaysia’s Velesto Energy has won a contract for one of its jackup rigs to work offshore Indonesia. Velesto won a contract from PC Ketapang II, PC North Madura II, and Petronas for its Naga 8 jackup. The contract, which is set to begin in July 2025, has a firm period of …

SK Earthon expands into Indonesia by securing two oil blocks - Drilling Contractor

SK Earthon expanded its footprint to Indonesia, having secured two offshore exploration blocks – Serpang, northeast of Java Island; and Binaiya, near the eastern Maluku Islands – with Indonesia’s oil and gas regulatory body, SKK Migas. The Serpang block is one of Indonesia’s most promising hydrocarbon regions. SK Earthon holds a 14% stake in the … The post SK Earthon expands into Indonesia by securing two oil blocks appeared first on Drilling Co…