Velesto Energy Berhad is a Malaysia-based investment holding company involved in Drilling and Oilfield Services. The Drilling Services segment is involved in the provision of drilling services to the upstream oil and gas sector. The Drilling Services owns and operates several drilling rigs and hydraulic workover units (HWUs), and these rigs are chartered out to oil companies for their exploration, development, and production activities. The Oilfield Services segment provides premium oil country tubular goods (OCTG) threading, repair and inspection services.