Spending power
TheGrid Corporate Spending Power index would rate purchasing capacity from registry, scale and activity signals.
Spending power
Key facts
Counted staff
556
self-reported 501–1,000 band
Founded
2002
24 years
Legal entities
None matched
Office countries
1
1 address
Funding rounds
None on record
Company type
Public Company
self-reported
Description
VELESTO ENERGY BERHAD (Velesto) is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry through our fleet of six (6) wholly owned premium jack-up drilling rigs and two (2) hydraulic workover units. Velesto is the largest jack-up drilling rigs owner and operator from Malaysia and Southeast Asia. In addition, we provide integrated drilling and workover services to meet our clients’ requirements. Beyond our home base in Malaysia, we have extensive experience operating in South East Asia countries such as Indonesia, Vietnam, Philippines and Thailand with a strong track record of working with local and international oil and gas companies. To ensure industry excellence, Velesto is committed to nurturing the next generation of industry professionals through Velesto Drilling Academy.
Related specialties
Locations
Country footprint
Show as table · Offices in 1 country
| Countries | 1 |
|---|---|
| Primary country | MY |
All codes: MY
Addresses
- MYJalan Stesen Sentral 5; Kuala Lumpur, Wilayah Persekutuan 50470Primary
Grid intelligence Members
Signals & hiring
Hiring, headcount and registry-change signals, streamed to members.
Latest signal
Hiring activity
Headcount trend
Financials
Registry-filed capital and financial indicators, standardised by TheGrid.
Paid-up capital
Fiscal period
Registered charges
Revenue
Profit / loss
People & contacts
4 employee profiles on record · names withheld.
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FAQ
How many people work at Velesto Energy Berhad?
556 counted staff profiles at January 2026, inside the self-reported 501–1,000 band.
Where does Velesto Energy Berhad have offices?
One address on record, Malaysia only. Primary: Jalan Stesen Sentral 5, Kuala Lumpur, Wilayah Persekutuan 50470.
Has Velesto Energy Berhad raised funding?
None linked to this brand.
What does Velesto Energy Berhad list as its specialties?
Four tags on the brand's own list, among them oil & gas.
Which companies are listed alongside Velesto Energy Berhad?
518 profiles list Velesto Energy Berhad as a peer — 99th percentile in Oil and Gas. It lists ten peers of its own. Petra Energy Berhad and Sapura Energy Berhad list it back.