Velesto Energy Berhad is an integrated energy company headquartered in Malaysia, primarily operating in the drilling and oilfield services sector. The company's core focus is on providing high-quality... Velesto Energy Berhad is an integrated energy company headquartered in Malaysia, primarily operating in the drilling and oilfield services sector. The company's core focus is on providing high-quality drilling services to major oil and gas clients through its fleet of offshore drilling rigs. Velesto's rigs are primarily utilized for drilling, workovers, and well repairs in shallow waters, predominantly in the Southeast Asian region. The company's services play a critical role in the exploration and production (E&P) phase of the oil and gas industry, helping clients efficiently extract hydrocarbons. Velesto Energy Berhad's expertise in offshore drilling supports various national and international energy exploration initiatives, bolstering the energy supply chain. The company is strategically significant within Malaysia, contributing to the country's economic stability by supporting its petroleum industry, which is a vital sector for national revenue. Velesto also emphasizes operational excellence, safety, and sustainability to meet industry standards and support global energy transition initiatives.Show lessShow more

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Velesto Energy is not subject to EU Taxonomy reporting

Based on current regulatory requirements, Velesto Energy is not required to report EU Taxonomy data under the CSRD framework. As a result, we have not conducted a detailed EU Taxonomy data review for this company.

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