Chevron awards Velesto jackup contract for North Malay Basin development drilling

Velesto Drilling's NAGA 8 jackup rig has been selected to support Chevron's 2026–2028 North Malay Basin Full Field Development campaign offshore Malaysia.

Chevron subsidiary Hess Exploration and Production Malaysia has awarded Velesto Drilling a $51-million contract for integrated drilling and completion services, with the NAGA 8 jackup set to support the 2026-2028 North Malay Basin Full Field Development campaign.

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Source: Offshore magazine