KUALA LUMPUR: Velesto Energy Bhd
and Icon Engineering Pty Ltd have formed a collaboration to deliver rig-installed wellhead platforms (RIWHP) for offshore oil and gas developments in Malaysia.
Icon Engineering is an Australian-based offshore service company specialising in RIWHPs.
According to a joint statement issued by Velesto and Icon Engineering, the integration of drilling and platform installation within a single offshore campaign offers operators a practical and cost-efficient model for developing shallow-water and marginal fields.
"This collaboration simplifies execution, enhances project assurance and builds Malaysia’s capability to deliver fast, fit-for-purpose offshore developments, keeping our upstream sector competitive and resilient in the years ahead.
"For Velesto, this marks an important milestone and reflects our continued focus in extending the role of our rigs beyond drilling," said Velesto president Megat Zariman Abdul Rahim.
