KUALA LUMPUR: Velesto Energy Bhd (VEB) has secured a contract worth RM60mil from Petronas Carigali Sdn Bhd for the provision of plug and abandonment integrated services for Tembungo A & B oilfields.
In a filing with Bursa Malaysia, VEB said Velesto Workover Sdn Bhd (VWO), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd (VMV), which in turn is a wholly-owned subsidiary of VEB secured the contract from Petronas Carigali.,,新2手机管理端网址（www.99cx.vip）实时更新发布最新最快最有效的新2手机管理端网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
The duration of the contract is for 21 months for Tembungo A, tentatively from May 2022 until January 2024, with a 12 months extension option.
The contract duration for Tembungo B is tentatively from January 2024 until December 2024.
VEB said the contract is expected to contribute positively towards the earnings and net assets of the VEB group in the financial year the works are performed by VWO during the duration of the campaign.