Velesto Drilling Sdn. Bhd. (Malaysia)

Velesto Drilling Sdn. Bhd. is a Malaysia-based offshore drilling contractor and a subsidiary of Velesto Energy Berhad. The company is engaged in the ownership and operation of jack-up drilling rigs that provide drilling services to upstream oil and gas operators. Its fleet of modern, premium jack-up rigs supports exploration, development, and production drilling activities in shallow-water environments. Velesto Drilling's operations include rig management, drilling operations, maintenance, safety management, and regulatory compliance, serving customers in Malaysia and regional markets. Strategically, the company is positioned around high-specification assets, operational reliability, and safety performance. Its strategic priorities include maximising rig utilisation, maintaining fleet readiness, cost discipline, and supporting customers' drilling programmes while adapting to evolving market conditions and energy sector dynamics.