Velesto takes $8m profit hit after contract termination for sunken rig

Capt. John

Malaysian offshore driller Velesto Energy said that a contract with ConocoPhillips for its Naga 7 jackup rig that sank off Malaysia in May has been officially terminated. With the termination of the contract, the earnings of Velesto Energy for the financial period ending December 31, 2021, are...

https://splash247.com/velesto-takes-8m-profit-hit-after-contract-termination-for-sunken-rig/

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