Velesto Energy Berhad, formerly UMW Oil & Gas Corporation Berhad, is a Malaysia-based investment holding company. The Company is engaged in providing corporate management, administrative and professional services, as well as financial support to its subsidiary companies. Its segments include drilling services, oilfield services and others. Its drilling services segment provides drilling services and workover rig services to the upstream oil and gas sector. The oilfield services segment provides oil country tubular goods (OCTG) threading, repair and inspection services. The others segment is involved in investment holding, provision of support services, management and corporate services. The drilling services segment owns and operates several drilling rigs and hydraulic workover units (HWUs), and acts as an agent for two providers of specialized equipment and service. The rigs are chartered out to oil companies for their exploration, development and production activities.

Engineering

Velesto Energy Bhd

The Kuala Lumpur office focuses on sales, operations, training, and strategic development within the finance and engineering sectors.

Kuala Lumpur

This department oversees the management and maintenance of drilling rigs, ensuring efficient operation and safety compliance.

Rig Operations

The Engineering and Technical team at Velesto Energy Bhd is responsible for the design, implementation, and maintenance of engineering systems that ensure safe and efficient drilling operations in the oil and gas sector. This multidisciplinary team, comprising roles such as drilling engineers, operations engineers, and HSE engineers, collaborates to optimize rig performance, ensure compliance with safety protocols, and develop innovative technologies for enhanced operational efficiency. They also support maintenance and technical services to uphold the reliability and safety of equipment used in exploration and production activities.

Engineering and Technical Roles

This department manages and oversees the drilling processes and equipment used in various extraction projects.

Drilling Operations

The Finance and Procurement team at Velesto Energy Bhd is responsible for managing financial operations, overseeing procurement processes, and ensuring efficient resource allocation across the company's drilling and oilfield services segments. This team works closely with subsidiaries to provide financial support, maintain inventory management, optimize purchasing strategies, and implement financial controls, all aimed at maximizing profitability and operational efficiency within the energy sector.

Finance and Procurement

The Leadership Team at Velesto Energy Bhd is responsible for setting the strategic direction of the company, overseeing operational effectiveness, and ensuring financial sustainability. Comprising executives from various disciplines, including finance, human resources, operations, and engineering, the team collaborates to drive performance in drilling and oilfield services, manage corporate governance, and support subsidiary growth while navigating the complex landscape of the oil and gas industry.

Leadership Team

This department focuses on ensuring compliance with health, safety, and environmental regulations while promoting quality standards.

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People (12)

Jobs (0)

Other teams

Engineering and Technical Roles

Drilling Operations

Finance and Procurement

Leadership Team

Quality and Safety

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People (12)

Jobs (0)

Other teams

Engineering and Technical Roles

Drilling Operations

Finance and Procurement

Leadership Team

Quality and Safety

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