Velesto subsidiary secures Hibiscus drilling contract for 2026 campaign

KUALA LUMPUR: Velesto Energy Bhd’s (VEB) wholly owned subsidiary Velesto Drilling Sdn Bhd (VED) has secured a contract from Hibiscus Oil & Gas Malaysia Ltd (HML) for the provision of a jack-up drilling rig for the latter’s 2026 drilling campaign.

Original source: New Straits Times