<p>Malaysia’s Velesto Energy has moved into an asset-light operating model for the first time after securing a drilling contract from Hibiscus Oil &#38; Gas Malaysia using a third-party jackup rig. The contract was awarded to Velesto’s drilling arm, Velesto Drilling, and covers Hibiscus’ 2026 offshore drilling campaign in Malaysian waters. Under the agreement, Velesto will &#8230;</p> </p><p><p>https://splash247.com/velesto-lands-hibiscus-drilling-deal-in-first-asset-light-rig-move/</p></p>