PV Drilling provides drilling services for Myanmar company

tohang

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.

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
  • Share:

see also

UKs carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK''s carbon border adjustment mechanism will take effect in 2027.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Experts point out economic growth drivers, challenges for next year

Experts point out economic growth drivers, challenges for next year

Several growth drivers are in place to help Việt Nam achieve its GDP growth rate goal of 6.5-7 per cent next year, but rapid and strong international fluctuations remain challenges to watch out for.
Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

The northern province of Thái Nguyên has implemented many policies to support local businesses in maximising the potential benefits of the UKVFTA, opening up multiple opportunities for exports to the UK.