Velesto secures US$40mil drilling contract for 2025-2026 Malaysia campaign


KUALA LUMPUR: Velesto Energy Bhd (VEB) has been awarded a drilling contract by PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd, collectively referred to as PTTEP, for its 2025-2026 drilling campaign in Malaysia.

The contract value is estimated to be in the region of US$40 million (US$1=RM4.19), it said in a filing with Bursa Malaysia today. 

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