Malaysian offshore driller busy bidding for new contracts

Velesto had an 86% rig utilisation in the first quarter at an average dayrate of $71,000

Busy: a jack-up drilling rig owned by Velesto Energy
Busy: a jack-up drilling rig owned by Velesto EnergyPhoto: VELESTO ENERGY
Published 21 May 2020, 05:39Updated 26 May 2020, 09:37