Velesto secures PTTEP drilling contract for NAGA 5 in 2025-26 campaign
Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.
Drilling & production - 01 July 2025
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Johan Sverdrup Phase 3 investment decision
The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent.