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Petronas hires Velesto jack-up

Malaysia-based Velesto Drilling has received a letter of award from Petronas Carigali for the provision of jack-up drilling rig Naga 7. 

The contract is for the provision of drilling rig services for Petronas Carigali’s drilling program, whereby Velesto will assign its Naga 7.

The rig will drill two firm wells with an estimated contract value of $8 million. The contract is expected to start in the third quarter of 2019.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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