Velesto Energy Berhad

Oil and GasKuala Lumpur, Malaysia501-1000 Employees

Velesto Energy Berhad is a Malaysia-based multinational provider of services for the upstream oil and gas sector.
 
The Group owns and operates six premium jack-up drilling rigs, which are capable of operating in water depths of up to 400 feet — ideal for the shallow waters of Southeast Asia. Velesto also provides workover services through its hydraulic workover units. Through Velesto Energy Academy (VAD), the Group actively supports the development of skilled drilling professionals, contributing to Malaysia’s human capital growth. Notably, Velesto’s onshore rig at INSTEP is utilised by Universiti Teknologi PETRONAS students and industry professionals, providing exposure to real operating environments. Listed on the Main Board of Bursa Malaysia, it is a constituent of the FTSE4Good Bursa Malaysia Index, a testament to its sustainability performance and ESG practices.

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