VELESTO fundamentals

Velesto Energy Bhd. is an investment holding company, which provides drilling and oilfield services for the oil and gas industry. It operates through the following segments: Drilling Services, Integrated Project Management, Oilfield Services, and Others. The Drilling Services segment offers drilling services to the upstream oil and gas sector; owns and operates drilling rigs. The Integrated Project Management segment provide hydraulic workover operation of suspended or under-performing wells. The Oilfield Services segment provides premium oil country tubular goods threading, repair, and inspection services. The Others segment focuses on investment holding and provision of support, management, and corporate services. The company was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.