Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was The company announced on Thursday that the focus remains on rescue, evacuation, and recovery efforts and revealed that all 101 personnel on-board the rig had been transferred safely to Miri, Sarawak. As of Thursday, Velesto Energy highlighted that it was unable to estimate the overall financial impact on the group from the incident but outlined that it expects this to be mitigated as the rig is “adequately insured”. Velesto Energy said it is working closely with the client and insurers and providing full cooperation to the relevant authorities. The company also noted that other businesses of the group are operating as usual, including the other six rigs in its fleet.