Velesto Energy to sell Naga 3 jack-up drilling rig for RM258.4m, expects RM17.1m gain


Dateline 2025-12-16, The Edge Malaysia:

KUALA LUMPUR (Dec 16): Oil and gas services provider Velesto Energy Bhd is selling its jack-up drilling rig, Naga 3, for a total cash consideration of US$63.0 million (RM258.4 million) as part of a fleet optimisation exercise.

Velesto said the proposed disposal is expected to result in a pro forma gain of RM17.1 million, after accounting for estimated expenses, contingencies and tax.

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This entry was posted on Wednesday, December 17th, 2025 at 5:26 pm and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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