Velesto Energy Berhad

Velesto Energy Berhad is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry through its fleet of jackup drilling rigs and hydraulic workover units.

News

Courtesy Velesto Energy Berhad LinkedIn
NAGA 8 jackup rig
Chevron subsidiary Hess Exploration and Production Malaysia has awarded Velesto Drilling a $51-million contract for integrated drilling and completion services, with the NAGA ...
July 24, 2026
Courtesy Velesto Energy
NAGA 8 jackup rig
Velesto now plans to market the rig for new contracts elsewhere in Southeast Asia.
July 21, 2026
Courtesy Velesto Energy
NAGA 3 jackup rig
Velesto Energy has canceled the sale of its NAGA 3 jackup rig to PT Indonesia Drilling Energy due to unmet conditions.
July 16, 2026
Courtesy Velesto Energy
NAGA 6 jackup rig
Northern Gulf Petroleum commissioned the production/exploration campaign.
June 4, 2026
Courtesy Velesto Energy
Velesto jackup starts long-term drilling contract for PETRONAS Carigali
The program for the NAGA 2 rig is scheduled to continue into 2030.
March 5, 2026
Courtesy Velesto Energy Berhad LinkedIn
Naga 8 offshore jackup rig
The contract will keep four Velesto jackups busy this year in Southeast Asia.
Feb. 27, 2026
Courtesy Velesto Energy
Velesto's NAGA 3 offshore jackup drilling rig
Velesto Energy is shifting its focus to newer rigs with more modern drilling capabilities for its operations offshore Southeast Asia.
Dec. 18, 2025
Courtesy Velesto
Velesto drilling rig
Drilling rig contractor Velesto and Australian platform installation specialist ICON will offer a joint service designed to cut costs and speed up completion of shallow-water ...
Oct. 24, 2025
Courtesy Velesto Energy Berhad
NAGA 5 offshore drilling rig
PTTEP HK Offshore has issued a letter of award to Velesto Drilling.
July 3, 2025
Courtesy Velesto
Velesto offshore drilling rig
As of April 2025, Velesto reported that its order book has doubled to RM1.4 billion (US$329.9 million), providing earnings visibility until 2028.
May 27, 2025

Articles

Courtesy Velesto Energy Berhad
NAGA 5 rig
Malaysian company Velesto Energy Berhad is focusing on offline tasks, predictive maintenance and digital monitoring.
July 8, 2025
Courtesy Velesto Energy
NAGA 2 rig
Velesto Energy has completed the special periodical survey for the NAGA 2 rig and has secured a new contract for NAGA 3.
Aug. 26, 2024
Courtesy Velesto
velesto_rigs
The program for the NAGA 2, NAGA 4 and NAGA 6 will continue until Feb. 6, 2026.
March 22, 2024
Courtesy Velesto Energy
velesto_jackups
Carigali Hess Operating Co. has agreed to extend Velesto Drilling’s contract for the jackup NAGA 8 by 18 months, starting from next April.
Nov. 28, 2023
Courtesy Velesto Energy Berhad
Velesto Offshore Drilling Rigs
Velesto Drilling has a letter of award from Vestigo Petroleum to provide the NAGA 2 jackup rig for a $10.9-million drilling program offshore Malaysia.
June 2, 2023
Courtesy Velesto Energy
Velesto Offshore Drilling Rig
Hess has contracted Velesto Energy to provide rig, drilling and completion services for its 2022-2024 offshore North Malay Basin full-field development campaign.
Nov. 7, 2022
Courtesy Velesto Energy
NAGA 6 is a three-legged jackup drilling rig designed by GustoMSC.
Velesto Energy has completed the offline capabilities upgrades for the NAGA 5 and NAGA 6 jackups.
Aug. 10, 2022
(Courtesy GustoMSC)
Gusto Msc Chela Light Main Image 32611 Xmas Tree V2
Velesto Drilling has contracted GustoMSC to supply two of the company’s new Chela cranes, the Chela Twins.
Nov. 5, 2021
Courtesy Velesto Energy
Velesto
Velesto Energy says all personnel onboard the jackup Velesto Naga 7 are safe and have been transferred onshore to Miri.
May 7, 2021
(Courtesy Velesto Energy)
The jackup Naga 7.
A jackup owned by Velesto Energy has sunk to the seafloor during an operation offshore Sarawak.
May 4, 2021

Additional content from Velesto Energy Berhad

Courtesy Velesto
offshore NAGA 8 offshore drilling rig
Velesto has secured a drilling contract for the NAGA 8 jackup rig for work offshore Indonesia.
May 23, 2025
Courtesy Velesto Energy Berhad
NAGA 4
Phu Quoc Petroleum Operating Co. (PQPOC) has contracted Velesto Energy’s NAGA 4 jackup rig for a long-term drilling program offshore southwest Vietnam.
May 20, 2025
ID 75631927 © Witoon Muenhong | Dreamstime.com
jackup rig at sunset
Carigali Hess has suspended the contract for the jackup NAGA 8 due to early completion of the drilling program.
Dec. 1, 2024
Courtesy CUT UK
Naga 7 jackup rig
Due to rapid penetration into the formation at the offshore location on May 3, 2021, the Velesto rig tilted and then submerged the following day.
Nov. 25, 2024
Courtesy Velesto Energy Berhad LinkedIn
Velesto's NAGA 8 rig
Velesto Energy’s NAGA 6 jackup rig has completed a five-yearly special periodical survey at Labuan Shipyard in Malaysia.
Oct. 7, 2024
Courtesy SLB
DrillOps aims to leverage the power of historical and real-time data to optimize drilling assets and deliver data solutions throughout the well life cycle.
Velesto Drilling has signed a memorandum of understanding with SLB at the latter’s Digital Forum 2024 in Monaco.
Oct. 4, 2024
Naga 3 jackup drilling rig
The Fairmount Expedition tug has towed the Naga 3 jackup 575 mi (925 km) from Labuan, Malaysia, to the PV Marine Shipyard in Vung Tau, Vietnam.
May 2, 2014