Further, three of Velesto’s jack-up rigs — Naga 2, Naga 4, and Naga 6 — have received two-year contract extensions from Malaysia’s national oil-and-gas company Petronas on March 22 worth ...

PETALING JAYA: The extension of the Naga 8 jack-up rig is expected to provide some earnings uplift for Velesto Energy Bhd, but this will be partially offset by the delay of Naga 3. TA Research ...

Naga 4 and Naga 6 have been contracted up to 1Q26 and Naga 8 up to 4Q25. Velesto added utilisation of jack-up rigs continues to be strong as 93% of marketed rigs are currently contracted globally.