Recent Partnerships Velesto Energy Berhad has recently partnered with Petronas Ventures and National Oilwell Varco to implement rig mechanized automation processes, presenting an opportunity for collaboration and service provision in the oil and gas sector.

Expansion Opportunities Receiving multiple Letters of Award for projects such as NAGA 3 and from ExxonMobil indicates Velesto's expanding presence and the potential for partnership and service contracts in drilling operations.

Strategic Director Appointments The appointment of key personnel like Alan Hamzah Sendut and Puan Nadzrin Alia Binti Md Azizis as directors strengthens Velesto's leadership team, signaling a focus on growth strategies and business development.

Industry Recognition Notable awards such as the one from ExxonMobil for the provision of workover services reflect Velesto's industry expertise, presenting an opportunity to leverage this reputation for further project acquisitions and client engagement.

Market Penetration Partnerships like the one with PTTEP for jack-up drilling demonstrate Velesto's market reach and potential for tapping into new markets or expanding existing partnerships for business growth.