PetroVietnam (PVN) has proposed the Ministry of Industry and Trade approve the reduction of its ownership in PetroVietnam Drilling and Well Services Corporation (PVD) from 50.4 per cent to 36 per cent.
PetroVietnam Drilling and Well Services Corporation (PV Drilling or PVD) has seen robust improvement in business activities when the price of crude oil increases and the oil drilling market becomes warmer.
PetroVietnam Drilling and Well Services Corporation (PV Drilling) and Rosneft Vietnam B.V. committed to co-operation worth US$42 million for provision of jack-up and related services in support of 2018 exploration and development projects at block 05-3/11 and block 06.1.
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.