Vietnam, May 20 -- Velesto Energy Berhad ('Velesto' or the 'Group'), today announced that it has been awarded a drilling contract by Phu Quoc Petroleum Operating Company in Vietnam.Under the contract, Velesto's NAGA 4 jack-up rig will undertake drilling activities for more than 40 wells. Operations are expected to commence in the first half of 2026. The contract is expected to contribute positively to the Group's rig utilisation and financial performance of 2026 and 2027. This long-term contract marks the Group's strategic expansion into the Southeast Asian market, particularly Vietnam. With this new win, Velesto continues to demonstrate its competitiveness and strong positioning in the regional drilling industry.NAGA 4 is a premium indepen...