ConocoPhillips is set to drill up to three wells off the Malaysian state of Sarawak after hiring a jack-up drilling rig from Malaysia’s Velesto Energy.
Velesto said ConocoPhillips has hired its Naga (dragon) 7 jack-up rig under a contract worth $8 million. Drilling is planned to start before end of June.
ConocoPhillips is considering drilling up to three wells offshore Sarawak this year – the Salam-3 appraisal and the Gagau-1 wildcat on Block WL4-00, and the Mersing-1 exploration well on Block SK 304.
The Naga 7 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and is rated to operate in water depths of up to 375 feet, Velesto said in a filing with the Malaysian stock exchange.