VELESTO ENERGY BERHAD

VELESTO ENERGY BERHAD stands as one of Malaysia’s key upstream energy service providers — a company operating at the frontlines of resource extraction, where precision, risk, and scale converge.

Within the global oil and gas ecosystem, it plays a critical yet often unseen role — enabling exploration and production through specialised drilling capabilities and technical expertise.

Its journey reflects a powerful truth — that energy security is built not only by discovery, but by those who make extraction possible.

Founder:

Originated as part of UMW Oil & Gas Corporation Berhad

Current Leadership:

Executive leadership under Velesto Energy Group

The leadership continues to strengthen operational capability, regional presence, and technical excellence in upstream services.

Some companies produce energy — VELESTO makes it reachable.

Its roots trace back to the early 2000s, when Malaysia’s oil and gas sector was expanding into deeper operational complexity.

Demand was rising, but production required more than reserves — it required capability.

Rigs, engineering precision, and operational discipline became central to upstream development.

Velesto emerged within this landscape, focusing not on owning oil, but enabling its extraction.

From drilling rigs to integrated services, from local operations to regional footprint, the company built its relevance through technical execution.

Over time, it developed a fleet of premium jack-up rigs engineered for shallow-water operations across Southeast Asia, where offshore activity is concentrated.

Each rig became more than machinery — it became access.

Access to reserves, access to production, access to energy.

Beyond drilling, Velesto expanded into hydraulic workover and oilfield services, strengthening its role as a full upstream solutions provider.

From equipment to ecosystem, its journey reflects a powerful truth — that those who enable extraction power the entire value chain.

Core Activities include:

• Offshore drilling services using jack-up rigs

• Hydraulic workover and well intervention services

• Integrated oilfield services and engineering support

• Investment holding and operational management

The Group’s operational model focuses on offshore drilling capacity, technical asset deployment, upstream service contracts, equipment reliability, and oilfield support. By combining jack-up rig operations, hydraulic workover units, well intervention services, engineering support, and operational management, VELESTO ENERGY BERHAD positions itself as both a drilling contractor and an integrated upstream energy services provider.

Notable Offerings Include:

• Premium jack-up drilling rigs for offshore operations

• Hydraulic workover units for well maintenance

• Integrated drilling and oilfield service solutions

• Technical training through drilling academy initiatives

These offerings have enabled VELESTO ENERGY BERHAD to serve oil and gas operators, national oil companies, upstream contractors, and regional energy producers. Its services support exploration, production drilling, well maintenance, intervention work, offshore development, and technical capability-building across the upstream value chain.

2002 – Establishment of core business operations

2009 – Incorporation of VELESTO ENERGY BERHAD

2010s – Expansion of offshore drilling fleet across Southeast Asia

2017 – Rebranding from UMW Oil & Gas to VELESTO ENERGY BERHAD

2020s – Strengthening ESG focus and regional drilling contracts

VELESTO ENERGY BERHAD has strengthened Malaysia’s upstream oil and gas service capabilities by building specialised offshore drilling and well intervention expertise.

The Group has enabled offshore drilling activities across Southeast Asia through its jack-up rig fleet and technical service infrastructure.

Through its drilling academy and operational training initiatives, Velesto has contributed to the development of local technical talent in the oilfield services sector.

Its role in upstream services supports regional energy supply chain resilience by providing the equipment, skills, and operational execution required to access offshore resources.

Some companies extract resources — VELESTO enables the extraction itself.

From rigs to regional operations, its legacy is not defined by ownership of energy, but by access.

Its journey stands as a testament that those who make resources reachable ultimately power the world.