Velesto Energy signs MoU with SLB to improve rig capabilities

TheStar Fri, Oct 04, 2024 01:10pm - 2 days View Original


KUALA LUMPUR: Velesto Energy Bhd, through its subsidiary Velesto Drilling Sdn Bhd, has signed a memorandum of understanding (MoU) with global technology company, SLB to enhance rig capabilities.

In a filing with Bursa Malaysia, Velesto said the three-year collaboration will see SLB deploy its drillops intelligent well delivery and insights solutions as well as its drilling emissions management solutions on designated Velesto rigs.

It said these digital solutions are designed to enhance and optimise drilling performance and monitor emissions, unlocking commercial potential for both parties.

“This agreement represents a significant shift in our approach to enhancing our rig technical capabilities. By integrating high quality service, safety and, the latest in digital and technological advancements, we are committed to delivering high performance and efficient outcomes for our clients,” Velesto president Megat Zariman Abdul Rahim said.

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