Shell is gearing up to drill seven wells off the East Malaysian states of Sabah and Sarawak after awarding a $17.68 million contract to Velesto Drilling. Velesto is expected to drill seven wells between 15 August and 15 October this year, the company said in a statement. It will provide its jack-up rig NAGA (Dragon) 4 that has a drilling depth capability of 30,000 feet and can operate in waters 400 feet deep. Shell has also recently hired the Maersk Viking drillship for four development wells at the Gumusut-Kakap project. Maersk Drilling said the work with Shell in Malaysia is expected to begin in December this year, lasting an estimated 150 days. The contract includes five additional one-well options for work off Malaysia, the Philippines, and Brunei Darussalam. ...read more...