Malaysia’s Velesto Energy has sold one of its jackups to PT Indonesia Drilling Energy for a cash consideration of $63m.
PT Indonesia Drilling Energy bought the 2010-built Naga 3 jackup. According to Velesto, the sale is in line with the company’s ongoing fleet optimisation, focused on more technically competitive rigs consistent with its position as a premium rig operator.
The rig sale is expected to yield an estimated gain of approximately RM1.4m (around $343,000). It is set wrap up in the first half of 2026.
Following the buy, PT Indonesia Drilling Energy will deploy the rig in Malaysian waters through TEXCAL Energy’s subsidiary, AFED TEXCAL Energy Ventures, to support its exploration and production operation.
Velesto pointed out that the move underscored the continued demand for reliable drilling assets in Malaysia and the regional energy sector.
“This divestment sharpens our focus on premium rigs that define Velesto’s competitive advantage. The proceeds will reinforce our core drilling business and support returns to our shareholders,” said Megat Zariman Abdul Rahim, president of Velesto.
