Neutral on Velesto Energy’s contract for drilling offshore Sarawak
KUCHING (July 12): Analysts are largely neutral on Velesto Energy Bhd (Velesto Energy) securing a US$13 million drilling contract from PTT Exploration and Production Plc (PTTEP) for its 2022 to 2023 exploration drilling programmes. The group has assigned Naga 3 for this contract to drill two firm wells. “We are largely neutral on this announcement [...]
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