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| The PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide a drilling rig and drilling services for Myanmar from October, PetroVietnam (PVN) said on August 22. — Photo oilgas.vn |
HA NOI (Biz Hub) – The PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide a drilling rig and drilling services for Myanmar from October, PetroVietnam (PVN) said on August 22.
Under an agreement with Total E&P Myanmar, PV Drilling will supply its Drilling 1 rig to serve a 164-day drilling campaign in blocks M5 and M6 of Myanmar's sea. Extensions to the drilling will be discussed after this campaign.
Total E&P Myanmar Director Xavier Preel expressed his belief in the management and operation of PV Drilling as well as the ability of PV Drilling 1 staff.
PV Drilling is capable of completing the campaign in a safe manner at a reasonable price, he added.
PV Drilling Chairman of the Management Board Do Van Khạnh said that his company will do its utmost to achieve maximum efficiency in the project.
In a situation where large reduction in the world crude oil price has brought rig rentals down and work for drilling rigs has also decreased, PV Drilling 1 has still overtaken 30 other rigs of 10 companies across the world to win contracts.
Since 2007, PV Drilling 1 has continuously achieved operations without any lost time incident (Zero LTI), as acknowledged by the International Association of Drilling Contractors (IADC). – VNS