Malaysian offshore driller in the red but rig utilisation is recovering

Quarterly rig utilisation of 51% is better than two previous quarters

Part of the fleet: two of Velesto's jack-up drilling rigs — Part of the fleet: two of Velesto's jack-up drilling rigsPhoto: VELESTO ENERGY

Russell Searancke

Malaysia Velesto Energy Asia & Oceania Southeast Asia

Published 30 November 2021, 02:01Updated 30 November 2021, 02:01