en.Wedoany.com Reported - Velesto Sumber, a subsidiary of Malaysia's Velesto Energy, has secured a contract to provide jack-up rig services and related operations for Northern Gulf Petroleum (NGP) offshore Thailand.

The contract involves deploying the NAGA 6 rig for drilling activities in the Gulf of Thailand, including four infill wells and three exploration wells, with an option to add up to two more exploration wells. Operations are expected to commence in the third quarter of 2026.

NAGA 6 is a premium independent leg cantilever jack-up rig capable of drilling to depths of up to 30,000 feet (9,144 meters) and operating in water depths of up to 375 feet.

Megat Zariman Abdul Rahim, President of Velesto Energy, stated that the company appreciates NGP's trust, and this contract supports the continued utilization of its premium jack-up rigs, which is expected to contribute positively to profitability. The contract award further strengthens Velesto's drilling operations, reflecting the company's ability to secure opportunities in its core operating markets amid ongoing regional offshore development and exploration activities.

Founded in 2004, NGP is Thailand's only private oil and gas exploration and production company, focusing on the acquisition, development, operation, and management of upstream oil and gas assets in Southeast Asia. Velesto Energy provides upstream oil and gas services, with a fleet comprising six wholly-owned jack-up rigs and two hydraulic workover units. The company describes itself as the largest owner and operator of jack-up rigs in Malaysia and Southeast Asia, with operations spanning Indonesia, Vietnam, the Philippines, and Thailand.

In another development in May 2026, Velesto announced that it had signed a contract through its subsidiary Velesto Drilling with Hibiscus Oil & Gas Malaysia to provide a jack-up rig for planned drilling activities in Malaysia. The contract includes drilling eight abandonment wells and one exploration well, along with up to seven additional optional wells, with operations originally scheduled to begin in May 2026.

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