PETALING JAYA: With the global jack-up rig market seeing stabilisation in utilisation, this is the right time for jack-up rig service provider Velesto Energy Bhd
to expand its operations, says UOB Kay Hian (UOBKH) Research.
Leveraging on the improvement, Velesto aims to have regional presence while continuing to adapt to market needs, including embracing automation and robotic arms, according to the research house.
