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Offshore Incident: Velesto s Jack-Up Rig Tilts,

May 4, 2021 A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said. The Board of Directors of Velesto Energy Berhad [.] regrets to inform that an incident involving one of our rigs, Velesto Naga 7, occurred at the worksite due to rapid penetration into the formation on 3 May 2021, Monday, whilst operating in offshore Sarawak for a client.  The rig tilted and subsequently on 4 May 2021, Tuesday, VELESTO NAGA 7 submerged at the location. Drilling activities have not commenced and no well has been drilled, Velesto said. According to Velesto, all personnel on-board are safe on the rescue vessels, and majority have been transferred to Miri, Sarawak. The remaining personnel are in the process of being transferred, Velesto said Tuesday.

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