Velesto Energy Berhad Email Format
Oil and GasKuala Lumpur, Malaysia501-1000 Employees
Velesto Energy Berhad is a Malaysia-based provider of upstream oil and gas services, owning and operating six premium jack-up drilling rigs capable of working in shallow waters up to 400 feet. The group also offers hydraulic workover services to support well intervention activities. It runs Velesto Energy Academy to develop skilled drilling professionals, with the INSTEP onshore rig used for training by Universiti Teknologi PETRONAS and industry practitioners. In 2026, Velesto expanded its active projects with a contract for jack-up drilling services from Northern Gulf Petroleum offshore Thailand. Headquartered in Kuala Lumpur, the company is listed on the Main Board of Bursa Malaysia and is a constituent of the FTSE4Good Bursa Malaysia Index, reflecting its governance and ESG practices. The business operates as a regional provider of upstream services, supported by a workforce focused on specialized drilling and related activities.