HLIB Research said Velesto is also shifting its focus to secure more long-term contracts.
PETALING JAYA: Oil and gas services company Velesto Energy Bhd
is on track to deliver a stronger operational performance in the second half of this year (2H25), with utilisation expected to improve to about 80% and five out of its six Naga rigs currently under contract.
Hong Leong Investment Bank Research (HLIB Research) said Velesto is also shifting its focus to secure more long-term contracts.
