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Velesto Energy Bhd (VELE)

Kuala Lumpur

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0.200 -0.005 -2.44%

09:58:25 - Closed. Currency in MYR

Type: Equity

Market: Malaysia

ISIN: MYL5243OO000

S/N: 5243

Volume: 9,955,300
Bid/Ask: 0.200 / 0.205
Day's Range: 0.200 - 0.205

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Velesto Energy Bhd Company Profile

Get an in-depth profile of Velesto Energy Bhd, including a general overview of the company's business and key management, as well as employee data and location and contact information.

IndustryOil & Gas Related Equipment and Services

SectorEnergy

Employees

168

Equity Type

ORD

Velesto Energy Berhad, an investment holding company, engages in activities in the upstream sector of the oil and gas industry in Malaysia and internationally. It operates through the Drilling Services, Integrated Project Management, and Oilfield Services segments. The Drilling Services segment engages in the provision of drilling services to the upstream oil and gas sector; and the ownership and operation of drilling rigs, which are chartered out to oil majors for exploration, development, and production activities. Its Integrated Project Management segment offers hydraulic workover operations, which own hydraulic workover units (HWUs) and act as an agent for two providers of specialized equipment and services; and HWUs that service offshore wells, which involve the use of HWUs and ancillary equipment to complete the removal and replacement of well equipment to restore the operation of suspended or under-performing wells. The Oilfield Services segments provide oil country tubular goods threading, repair, and inspection services. The company also offers treasury management services; engineering services for oil and gas exploration, development, and production; and training and courses in relation to oil and gas drilling activities. In addition, it engages in the ownership and leasing of rigs. The company was formerly known as UMW Oil & Gas Corporation Berhad and changed its name to Velesto Energy Berhad in May 2018. Velesto Energy Berhad was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.

Contact Information

Address Plaza Sentral Level 18
Block 3A Jalan Stesen Sentral 5 Kuala Lumpur, 50470
Malaysia

Phone 60 3 2096 8788

Fax 60 3 2274 7787

Web velesto.com

Top Executives

Name	Age	Since	Title
Mohd Rashid bin Mohd Yusof	66	2017	Non-Independent Non-Executive Chairman
Rowina Binti Ghazali Seth	63	2017	Independent Non-Executive Director
Hamzah Sendut Alan	63	2024	Independent Non-Executive Director
Haida Binti Hazri	50	2017	Non-Independent Non-Executive Director
Ahila Ganesan	49	2022	Independent Non-Executive Director
Nadzrin Alia Binti Md Azizis	35	2023	Alternate Director
Fadzihan Abbas Bin Mohamed Ramlee	41	2023	Non-Independent & Non-Executive Director
Alan Hamzah Sendut	64	2024	Independent Non-Executive Director
Mohd Shahreen Zainooreen Bin Madros	61	2021	Senior Independent Non-Executive Director
Kien Sing Ling	68	2021	Independent Non-Executive Director
Megat Zariman Bin Abdul Rahim	58	2022	President & Executive Director

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