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NEWS |
Velesto takes $8m profit hit after contract termination for sunken rig
Malaysian offshore driller Velesto Energy said that a contract with ConocoPhillips for its Naga 7 jackup rig that sank off Malaysia in May has been officially terminated.
NEWS |
Velesto rig working for ConocoPhillips sinks off Malaysia
A jack-up drilling rig owned by Malaysia’s Velesto Energy has sunk offshore Malaysia while working for the oil major ConocoPhillips.