Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

AI Summary

Velesto Energy has won a contract valued at approximately $51 million from Hess Exploration and Production Malaysia, a Chevron subsidiary, to provide integrated jack-up rig drilling services off the coast of Malaysia. This contract underscores Chevron's continued investment in offshore resources.

Velesto Energy has secured a contract worth approximately $51 million from Hess Exploration and Production Malaysia, a wholly owned subsidiary of Chevron, to provide integrated rig…