Velesto NAGA 6 secures offshore drilling contract in Thailand
Velesto Energy Berhad announced it has won a new contract to supply its jack-up platform Velesto NAGA 6 to Northern Gulf Petroleum (NGP) in an operation located in the Gulf of Thailand.
The contract was awarded to Velesto Sumber Sdn. Bhd., a wholly owned subsidiary of the group, which will be responsible for providing the drilling unit and associated services during the execution of the campaign.
The addition of the NAGA 6 reinforces the use of the company's platform fleet in one of the most active offshore markets in Southeast Asia.
The project includes seven wells in the Gulf of Thailand
According to the terms of the agreement, the campaign will include the drilling of four infill wells and three exploration wells .
Infill wells are typically used to maximize resource recovery in already developed fields. Exploration wells , on the other hand, allow for the evaluation of new production opportunities and expand geological knowledge of areas of interest.
In this way, the project combines development objectives and resource assessment within the same offshore operation.
Northern Gulf Petroleum is moving forward with its drilling plan
Northern Gulf Petroleum's decision to charter the Velesto NAGA 6 reflects the continuation of investments aimed at sustaining production and exploring new reserves in Thai waters.
In addition, activity in the Gulf of Thailand continues to attract contracts for jack-up platforms due to the characteristics of its fields and the need to maintain stable production levels.
This scenario favors companies specializing in drilling services that have equipment prepared to operate in complex marine environments.
The contract strengthens Velesto's drilling business
During the announcement, Velesto's president, Megat Zariman Abdul Rahim, thanked NGP for their confidence and emphasized that the award supports the continued use of the company's self-elevating platforms.
The company also believes that the agreement will contribute positively to its financial results by increasing activity in its drilling segment.
Securing new projects also strengthens Velesto's commercial presence in markets where it operates and seeks to expand its contract portfolio.
Demand for jack-up platforms remains strong in Asia
While development and exploration programs continue in various countries in the region, the demand for jack-up platforms continues to present opportunities for offshore service providers.
In this context, the award obtained by Velesto confirms that energy operators maintain interest in advancing with campaigns aimed at both optimizing existing fields and identifying new resources.
With the participation of the Velesto NAGA 6 , the company adds a new project to its portfolio and consolidates its presence within the drilling activity in the Gulf of Thailand , one of the most relevant areas for hydrocarbon production in Southeast Asia.
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