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Malaysia-based, Velesto Energy Bhd(VEB) has been awarded a $31.038 offshore drilling contract by Roc Oil (Sarawak) Sdn Bhd. Velesto will deploy its NAGA 4 rig for Roc Oil’s contract. NAGA 4, a premium independent-leg cantilever jack-up drilling rig, possesses a drilling depth capacity of 30,000 feet and 400 feet of rated operating water depth. The contract will most probably begin in August for 11 firm wells.