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Velesto awarded Malaysia jackup drilling contract for East Belumut field

Velesto awarded Malaysia jackup drilling contract for East Belumut field

by Offshore Reporter | Feb 25, 2026 | Offshore

Velesto Energy has secured a $16.5-million drilling contract from Jadestone Energy to deploy the NAGA 8 jackup for infill drilling at the East Belumut field offshore Malaysia, supporting Southeast Asia upstream activity and regional rig utilization.

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Velesto awarded Malaysia jackup drilling contract for East Belumut field

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