Velesto gets letter of award from ExxonMobil

In a filing with Bursa Malaysia, Velesto said: “The value of this enabling contract with no guarantee of call-offs shall be based upon the agreed rates and work order, if any, issued by EMEPMI within the contract term.”

PETALING JAYA: Velesto Energy Bhd, through its subsidiary Velesto Workover Sdn Bhd, has received a letter of award from ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) for provision of one hydraulic workover unit and services.

The contract is for one year starting the third quarter of this year until completion of EMEPMI’s selected wells programme.