Malaysian offshore drilling company Velesto Energy registered a 37.3% drop in revenue in the quarter ending 30 September 2020 due mainly to lower jack-up rig utilisation.
Velesto says four of its seven jack-ups are working while company is bidding for 21 opportunities
Malaysian offshore drilling company Velesto Energy registered a 37.3% drop in revenue in the quarter ending 30 September 2020 due mainly to lower jack-up rig utilisation.