Strategic contracts Velesto Energy Berhad has recently signed multiple drilling contracts with global and regional players including Chevron, Northern Gulf Petroleum, and Hibiscus Petroleum, signaling a robust pipeline and potential for upsell of additional drilling and workover services to these clients or similar upstream operators in Southeast Asia.

Fleet expansion Owning six premium jack-up rigs and a dedicated onshore rig facility positions Velesto to scale drilling campaigns in shallow waters across Southeast Asia, presenting opportunities to offer flexible rig-time, maintenance services, and turnkey drilling packages to E&P companies expanding their activity in the region.

ESG credentials Velesto’s inclusion in the FTSE4Good Bursa Malaysia Index highlights sustainability practices that can be leveraged in procurement conversations with ESG-conscious operators seeking responsible partners for drilling campaigns and compliant, low-risk service providers.

Academic & training Velesto Energy Academy and the onshore INSTEP rig involvement with Universiti Teknologi PETRONAS demonstrates a commitment to human capital development, which can be a selling point when targeting clients that value skilled, certified crews and local workforce development as part of project requirements.

Financial momentum Recent valuation and steady contract wins indicate a growing market presence and financial capacity, suggesting opportunities for long-term service engagements, bundled offerings, and potential partnerships or co-funded projects with operators looking for reliable, financially stable drilling solutions.