Rig Fleet Advantage Velesto operates a fleet of six premium jack-up rigs capable of shallow-water operations in Southeast Asia, complemented by hydraulic workover units. This provides opportunities for bundled drilling and workover services, plus cross selling training and credential programs through Velesto Energy Academy to client crews.

Regional Growth Recent contract wins and ongoing campaigns in key SEA markets (Thailand and Malaysia) indicate near term expansion potential. The company’s demonstrated ability to mobilize rigs for new clients, alongside Hibiscus Petroleum and Northern Gulf Petroleum, supports pursuing additional offshore campaigns in the region.

Digital Training The Velesto Energy Academy and onshore INSTEP rig exposure support talent development and co selling of training services. There is a chance to offer digital training, simulation, and certification packages to upstream operators, leveraging the tech stack and data capabilities (analytics and project management tools).

ESG Financing Being listed on the Bursa Malaysia Main Board and included in the FTSE4Good Bursa Malaysia Index signals strong ESG performance, enabling easier access to ESG focused financing and attracting sustainability minded clients for multi year drilling arrangements. Safety awards from IADC Southeast Asia Chapter bolster credibility with customers prioritizing safety and reliability.

Leadership Opportunity A leadership transition with a new chairman in June 2026 could unlock strategic partnerships and renewed engagement with potential clients. Use this moment to position Velesto as a preferred vendor for long term offshore drilling campaigns and regional collaborations.