Velesto Energy Berhad (5243.KL)

0.2700 +0.0100 (+3.85%) At close: 04:57PM MYT

Velesto Energy Berhad

Plaza Sentral
Level 18 Block 3A Jalan Stesen Sentral 5
Kuala Lumpur 50470
Malaysia
60 3 2096 8788
https://velesto.com

Sector(s): Energy
Industry: Oil & Gas Drilling
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Megat Zariman Bin Abdul Rahim	President & Non-Independent Executive Director	1.62M	N/A	1967
Ms. Sapiee Binti Sazlyna	CFO & Joint Company Secretary	N/A	N/A	1965
Mr. Norzaidi Mohd Zahidin	Vice President of Operations	N/A	N/A	1974
Ms. Mi Ryoung Lee MAICSA	Head of Legal & Secretarial and Company Secretary	N/A	N/A	1976
Ms. Zulfa Ashida Zulkifli	Vice President of Human Resources	N/A	N/A	1970
Mr. Abdul Hadi Bin Abdul Bari	Chief Commercial Officer	N/A	N/A	1976
Mr. Mohd Ali Mohd Saibi	Head of Quality, Health, Safety & Environment	N/A	N/A	1971
Ms. Norzalizah Alias	Head of Internal Audit	N/A	N/A	1973
Mr. Mohammad Hafiz Saparani	Head of Integrity & Governance Unit	N/A	N/A	1977
Ms. Irnie Yuslele Tamam	Head of Organisational Development & Business Process	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in MYR.

Description

Velesto Energy Berhad, an investment holding company, provides services for the upstream sector of the oil and gas industry in Malaysia and internationally. It offers drilling services for exploration, development, and production wells; workover services to the upstream sector of the oil and gas industry; and threading, inspection, and repair services for oil country tubular goods. The company also owns and operates drilling rigs, which are chartered out to oil majors for their exploration, development, and production activities; and hydraulic workover units for the removal and replacement of well equipment to restore the operation of suspended or under-performing wells. In addition, it provides treasury management services; and engineering services for oil and gas exploration, development, and production, as well as leases rigs. The company was formerly known as UMW Oil & Gas Corporation Berhad and changed its name to Velesto Energy Berhad in May 2018. Velesto Energy Berhad was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.

Corporate governance

Velesto Energy Berhad’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.