Velesto Energy investigating NAGA 7 rig incident, assessing options

KUALA LUMPUR: Velesto Energy Bhd is investigating the incident involving its drilling rig, Velesto Naga 7, which submerged today in offshore Sarawak, and is evaluating options. “The rig is covered by insurance and recovery efforts are ongoing and being monitored,” it said in a filing with Bursa Malaysia. The offshore drilling services provider said the […]

Drilling rig submerges, 101 crew safe

MIRI: All 101 crew members of a jack-up drilling rig NAGA 7 were evacuated after it tilted 10 degrees to port-side while being positioned at Salam-3 located off the shore of Sarawak.   In a statement released today (May 4), ConocoPhillips Sarawak Ltd confirmed the marine incident happened at approximately 2.45pm on Monday (May 3). […]