Velesto’s Naga 4 Gets New Commission Order By Phu Quoc Petroleum

Quick Summary:

Velesto Energy Berhad announced that it has been awarded a drilling contract by Phu Quoc Petroleum Operating Company in Vietnam Under the contract, Velesto’s NAGA 4 jack-up rig will undertake drilling activities for more than 40 wells.

Operations are expected to commence in the first half of 2026.

We are proud to be a partner for PQPOC on this very important project and look forward to contributing to its success.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: News Velesto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 10:53:06 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 213 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28871531

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News Last Updated: 11 hours ago

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