Velesto Energy Berhad 2023 Integrated Annual Report

The report highlights the company's strong financial performance for the year, driven by increased rig utilisation and a conducive market environment. The company achieved a strong return to profitability, demonstrating its commitment to operational excellence and a dynamic business model. The report also emphasizes the company's commitment to sustainability, highlighting key milestones achieved in the year, including the reduction of emissions intensity per operating day and per revenue, the attainment of zero major spills and the introduction of a new anti-corruption plan. The report also discusses the company's efforts to address the needs and expectations of its workforce and local communities.