KUALA LUMPUR: Velesto Energy Bhd's (Velesto) subsidiary Velesto Drilling Sdn Bhd has entered into a memorandum of understanding (MoU) with global technology company SLB to enhance rig capabilities.
In a statement, 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.
"These digital solutions are designed to enhance and optimize drillingperformance and monitor emissions, unlocking commercial potential for both parties," it said.
Velesto president Megat Zariman Abdul Rahim said the agreement represents a significant shift in the company's approach to enhancing its 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," said Megat Zariman.
The MoU reflects a commitment from both parties to explore new opportunities and deliver mutual benefits by leveraging the unique strengths and capabilities of each organisation, he added.
This paves the way for innovative approaches to meet industry challenges, he said.