Business Description
Velesto Energy Berhad is a Malaysian company founded in 1988 that provides a range of services to the oil and gas industry, both locally and overseas. Its core business involves owning and operating drilling rigs that help oil companies explore for and extract oil, while also offering well maintenance services to restore underperforming offshore wells. The company additionally handles inspection and repair of oil field equipment, provides engineering support, and runs training programs for drilling professionals. Originally known as UMW Oil & Gas Corporation Berhad, it adopted its current name in 2018 and remains headquartered in Kuala Lumpur.
