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,“There is an increase in the global oil and gas activities including the drilling sector where a number of contracts have been awarded in the last three months, ” Velesto said.

KUALA LUMPUR: Drilling company Velesto Energy Bhd is hopeful of securing new contracts as it notes that a number of new drilling contracts have been awarded in Malaysia and more tenders are under evaluation.

“The group is participating in most of the tenders, in addition to a number of tenders in Asean.

“There is an increase in the global oil and gas activities including the drilling sector where a number of contracts have been awarded in the last three months, ” it said.

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