MASTER ENTREPRENEUR CATEGORY
NGUYEN XUAN CUONG
PRESIDENT AND CEO
Information about the Entrepreneur
As the President and CEO of PetroVietnam Drilling And Well Service Corporation (PV Drilling), Mr. Nguyen Xuan Cuong has overseen all activities of the corporation, including strategy, planning, organization, training and development, human resources, legal affairs, technology, corporate innovation, business development, and commercial negotiations.
Mr. Cuong graduated with a degree in Petroleum Drilling Engineering from Hanoi University of Mining and Geology and later completed a Master's program in International Business Administration at the Asian Institute of Technology (AIT). His strong combination of specialized knowledge and exceptional management skills, along with over 30 years of experience in the industry, has made him one of the great leaders in Vietnam's oil and gas sector.
Amid the global oil market fluctuations and significant drops in oil prices in recent years, particularly during the complex situation of the COVID-19 pandemic from 2019 to 2021, Mr. Cuong, with his strategic vision and outstanding leadership, has guided PV Drilling to maintain stable business operations, overcome challenges, and achieve breakthrough successes. He has focused on technological advancements, enhancing service quality, and expanding international markets, ensuring the company’s sustained growth and development.
Other Interesting Facts about the Entrepreneur
Mr. Cuong firmly believes that perseverance, creativity, adaptability, and continuous learning are the keys to overcoming any difficulty. In all professional tasks, he consistently upholds a pioneering spirit, sets an exemplary model, maintains good organizational discipline, strictly adheres to the assignments and directions of the organization, and always performs his functions, duties, and authority responsibly. He is also always willing to take on tasks and complete them well while ensuring he takes responsibility for his work.
The achievements that PV Drilling has made to this day not only affirm the company's position in the market but also stand as proof of Mr. Cuong’s successful management and operations as the head of the organization.
As the President and CEO of PetroVietnam Drilling And Well Service Corporation (PV Drilling), Mr. Nguyen Xuan Cuong has overseen all activities of the corporation, including strategy, planning, organization, training and development, human resources, legal affairs, technology, corporate innovation, business development, and commercial negotiations.
Mr. Cuong graduated with a degree in Petroleum Drilling Engineering from Hanoi University of Mining and Geology and later completed a Master's program in International Business Administration at the Asian Institute of Technology (AIT). His strong combination of specialized knowledge and exceptional management skills, along with over 30 years of experience in the industry, has made him one of the great leaders in Vietnam's oil and gas sector.
Amid the global oil market fluctuations and significant drops in oil prices in recent years, particularly during the complex situation of the COVID-19 pandemic from 2019 to 2021, Mr. Cuong, with his strategic vision and outstanding leadership, has guided PV Drilling to maintain stable business operations, overcome challenges, and achieve breakthrough successes. He has focused on technological advancements, enhancing service quality, and expanding international markets, ensuring the company’s sustained growth and development.
Other Interesting Facts about the Entrepreneur
Mr. Cuong firmly believes that perseverance, creativity, adaptability, and continuous learning are the keys to overcoming any difficulty. In all professional tasks, he consistently upholds a pioneering spirit, sets an exemplary model, maintains good organizational discipline, strictly adheres to the assignments and directions of the organization, and always performs his functions, duties, and authority responsibly. He is also always willing to take on tasks and complete them well while ensuring he takes responsibility for his work.
The achievements that PV Drilling has made to this day not only affirm the company's position in the market but also stand as proof of Mr. Cuong’s successful management and operations as the head of the organization.
Company Achievements & Role as Entrepreneur
Under the leadership of Mr. Cuong, PV Drilling has made significant breakthroughs over the years, despite the many challenges faced by the oil and gas industry due to both domestic and international market impacts. The company continues to maintain its leading market share in domestic well services, wholly owned by PV Drilling.
PV Drilling's rigs consistently operate with over 98% to 99% efficiency. These rigs have not experienced any incidents affecting assets and the environment, nor caused any loss of work time due to accidents. At the same time, the development and encouragement of scientific and creative initiatives are consistently promoted to enhance rig operations and well-service techniques, resulting in numerous technical innovations and improvements.
Besides that, the company’s workforce has expanded to nearly 2,000 people. The scope of operations has extended to countries such as Malaysia, Indonesia, Brunei, Thailand, and Algeria. The localization of PV Drilling's workforce has also achieved over 70%, in positions such as Barge Captain, Toolpusher, Chief Electrician, Chief Mechanic, and Safety Officer (STC).
Achieving these accomplishments hinges on timely and appropriate strategic decisions made to adapt to changes in the business environment. Without the decisiveness and dedication of its organization's leader, PV Drilling would not have attained its current success.
Vision, Mission, & Future Plans
Building on the solid foundation established over the years, Mr. Cuong has shaped a strategic vision for the future, aiming to position PV Drilling as one of the leading drilling service companies in the region and the world. This will be achieved through continuous improvement of service quality, investment in technology, talent development, optimization of operational efficiency, and maintenance of the highest safety standards.
"In any circumstance, always persevere, be creative, and adapt quickly. Success does not come from luck but from continuous effort and determination to overcome all challenges", Mr. Cuong said.
Mr. Cuong believes that only through the unity and relentless effort of all members can PV Drilling achieve these ambitious goals. To enhance internal capabilities, he aims to create a professional, creative, and friendly working environment where every employee has the opportunity to develop and contribute to their fullest potential.
Under the leadership of Mr. Cuong, PV Drilling has made significant breakthroughs over the years, despite the many challenges faced by the oil and gas industry due to both domestic and international market impacts. The company continues to maintain its leading market share in domestic well services, wholly owned by PV Drilling.
PV Drilling's rigs consistently operate with over 98% to 99% efficiency. These rigs have not experienced any incidents affecting assets and the environment, nor caused any loss of work time due to accidents. At the same time, the development and encouragement of scientific and creative initiatives are consistently promoted to enhance rig operations and well-service techniques, resulting in numerous technical innovations and improvements.
Besides that, the company’s workforce has expanded to nearly 2,000 people. The scope of operations has extended to countries such as Malaysia, Indonesia, Brunei, Thailand, and Algeria. The localization of PV Drilling's workforce has also achieved over 70%, in positions such as Barge Captain, Toolpusher, Chief Electrician, Chief Mechanic, and Safety Officer (STC).
Achieving these accomplishments hinges on timely and appropriate strategic decisions made to adapt to changes in the business environment. Without the decisiveness and dedication of its organization's leader, PV Drilling would not have attained its current success.
Vision, Mission, & Future Plans
Building on the solid foundation established over the years, Mr. Cuong has shaped a strategic vision for the future, aiming to position PV Drilling as one of the leading drilling service companies in the region and the world. This will be achieved through continuous improvement of service quality, investment in technology, talent development, optimization of operational efficiency, and maintenance of the highest safety standards.
"In any circumstance, always persevere, be creative, and adapt quickly. Success does not come from luck but from continuous effort and determination to overcome all challenges", Mr. Cuong said.
Mr. Cuong believes that only through the unity and relentless effort of all members can PV Drilling achieve these ambitious goals. To enhance internal capabilities, he aims to create a professional, creative, and friendly working environment where every employee has the opportunity to develop and contribute to their fullest potential.
MASTER ENTREPRENEUR CATEGORY
NGUYEN XUAN CUONG
PRESIDENT AND CEO
Information about the Entrepreneur
As the President and CEO of PetroVietnam Drilling And Well Service Corporation (PV Drilling), Mr. Nguyen Xuan Cuong has overseen all activities of the corporation, including strategy, planning, organization, training and development, human resources, legal affairs, technology, corporate innovation, business development, and commercial negotiations.
Mr. Cuong graduated with a degree in Petroleum Drilling Engineering from Hanoi University of Mining and Geology and later completed a Master's program in International Business Administration at the Asian Institute of Technology (AIT). His strong combination of specialized knowledge and exceptional management skills, along with over 30 years of experience in the industry, has made him one of the great leaders in Vietnam's oil and gas sector.
Amid the global oil market fluctuations and significant drops in oil prices in recent years, particularly during the complex situation of the COVID-19 pandemic from 2019 to 2021, Mr. Cuong, with his strategic vision and outstanding leadership, has guided PV Drilling to maintain stable business operations, overcome challenges, and achieve breakthrough successes. He has focused on technological advancements, enhancing service quality, and expanding international markets, ensuring the company’s sustained growth and development.
Other Interesting Facts about the Entrepreneur
Mr. Cuong firmly believes that perseverance, creativity, adaptability, and continuous learning are the keys to overcoming any difficulty. In all professional tasks, he consistently upholds a pioneering spirit, sets an exemplary model, maintains good organizational discipline, strictly adheres to the assignments and directions of the organization, and always performs his functions, duties, and authority responsibly. He is also always willing to take on tasks and complete them well while ensuring he takes responsibility for his work.
The achievements that PV Drilling has made to this day not only affirm the company's position in the market but also stand as proof of Mr. Cuong’s successful management and operations as the head of the organization.
Company Achievements & Role as Entrepreneur
Under the leadership of Mr. Cuong, PV Drilling has made significant breakthroughs over the years, despite the many challenges faced by the oil and gas industry due to both domestic and international market impacts. The company continues to maintain its leading market share in domestic well services, wholly owned by PV Drilling.
PV Drilling's rigs consistently operate with over 98% to 99% efficiency. These rigs have not experienced any incidents affecting assets and the environment, nor caused any loss of work time due to accidents. At the same time, the development and encouragement of scientific and creative initiatives are consistently promoted to enhance rig operations and well-service techniques, resulting in numerous technical innovations and improvements.
Besides that, the company’s workforce has expanded to nearly 2,000 people. The scope of operations has extended to countries such as Malaysia, Indonesia, Brunei, Thailand, and Algeria. The localization of PV Drilling's workforce has also achieved over 70%, in positions such as Barge Captain, Toolpusher, Chief Electrician, Chief Mechanic, and Safety Officer (STC).
Achieving these accomplishments hinges on timely and appropriate strategic decisions made to adapt to changes in the business environment. Without the decisiveness and dedication of its organization's leader, PV Drilling would not have attained its current success.
Vision, Mission, & Future Plans
Building on the solid foundation established over the years, Mr. Cuong has shaped a strategic vision for the future, aiming to position PV Drilling as one of the leading drilling service companies in the region and the world. This will be achieved through continuous improvement of service quality, investment in technology, talent development, optimization of operational efficiency, and maintenance of the highest safety standards.
"In any circumstance, always persevere, be creative, and adapt quickly. Success does not come from luck but from continuous effort and determination to overcome all challenges", Mr. Cuong said.
Mr. Cuong believes that only through the unity and relentless effort of all members can PV Drilling achieve these ambitious goals. To enhance internal capabilities, he aims to create a professional, creative, and friendly working environment where every employee has the opportunity to develop and contribute to their fullest potential.
As the President and CEO of PetroVietnam Drilling And Well Service Corporation (PV Drilling), Mr. Nguyen Xuan Cuong has overseen all activities of the corporation, including strategy, planning, organization, training and development, human resources, legal affairs, technology, corporate innovation, business development, and commercial negotiations.
Mr. Cuong graduated with a degree in Petroleum Drilling Engineering from Hanoi University of Mining and Geology and later completed a Master's program in International Business Administration at the Asian Institute of Technology (AIT). His strong combination of specialized knowledge and exceptional management skills, along with over 30 years of experience in the industry, has made him one of the great leaders in Vietnam's oil and gas sector.
Amid the global oil market fluctuations and significant drops in oil prices in recent years, particularly during the complex situation of the COVID-19 pandemic from 2019 to 2021, Mr. Cuong, with his strategic vision and outstanding leadership, has guided PV Drilling to maintain stable business operations, overcome challenges, and achieve breakthrough successes. He has focused on technological advancements, enhancing service quality, and expanding international markets, ensuring the company’s sustained growth and development.
Other Interesting Facts about the Entrepreneur
Mr. Cuong firmly believes that perseverance, creativity, adaptability, and continuous learning are the keys to overcoming any difficulty. In all professional tasks, he consistently upholds a pioneering spirit, sets an exemplary model, maintains good organizational discipline, strictly adheres to the assignments and directions of the organization, and always performs his functions, duties, and authority responsibly. He is also always willing to take on tasks and complete them well while ensuring he takes responsibility for his work.
The achievements that PV Drilling has made to this day not only affirm the company's position in the market but also stand as proof of Mr. Cuong’s successful management and operations as the head of the organization.
Company Achievements & Role as Entrepreneur
Under the leadership of Mr. Cuong, PV Drilling has made significant breakthroughs over the years, despite the many challenges faced by the oil and gas industry due to both domestic and international market impacts. The company continues to maintain its leading market share in domestic well services, wholly owned by PV Drilling.
PV Drilling's rigs consistently operate with over 98% to 99% efficiency. These rigs have not experienced any incidents affecting assets and the environment, nor caused any loss of work time due to accidents. At the same time, the development and encouragement of scientific and creative initiatives are consistently promoted to enhance rig operations and well-service techniques, resulting in numerous technical innovations and improvements.
Besides that, the company’s workforce has expanded to nearly 2,000 people. The scope of operations has extended to countries such as Malaysia, Indonesia, Brunei, Thailand, and Algeria. The localization of PV Drilling's workforce has also achieved over 70%, in positions such as Barge Captain, Toolpusher, Chief Electrician, Chief Mechanic, and Safety Officer (STC).
Achieving these accomplishments hinges on timely and appropriate strategic decisions made to adapt to changes in the business environment. Without the decisiveness and dedication of its organization's leader, PV Drilling would not have attained its current success.
Vision, Mission, & Future Plans
Building on the solid foundation established over the years, Mr. Cuong has shaped a strategic vision for the future, aiming to position PV Drilling as one of the leading drilling service companies in the region and the world. This will be achieved through continuous improvement of service quality, investment in technology, talent development, optimization of operational efficiency, and maintenance of the highest safety standards.
"In any circumstance, always persevere, be creative, and adapt quickly. Success does not come from luck but from continuous effort and determination to overcome all challenges", Mr. Cuong said.
Mr. Cuong believes that only through the unity and relentless effort of all members can PV Drilling achieve these ambitious goals. To enhance internal capabilities, he aims to create a professional, creative, and friendly working environment where every employee has the opportunity to develop and contribute to their fullest potential.