CORPORATE EXCELLENCE CATEGORY
PETROVIETNAM DRILLING AND WELL SERVICE CORPORATION
Information about the Company
Petrovietnam Drilling & Well Service Corporation (PV Drilling) was established on November 26th, 2001 with the aim of being a specialized oil and gas technical service provider of the Vietnam National Oil and Gas Group (PVN). Its goal is to enhance the initiative in drilling and drilling-related services in Vietnam.
PV Drilling is a professional provider of drilling rigs and drilling-related services as well as manpower supply for onshore and offshore drilling operations. With 23 years of experience, PV Drilling now owns 6 modern drilling rigs and has a team of highly skilled experts.
The company's vision is to be an internationally reputable and reliable drilling service contractor, with a mission of creating value for clients by delivering premium drilling and drilling-related services that are high quality and safe at competitive prices.
The company’s core values focus on people, integrity, and professionalism. PV Drilling is committed to building a safe workplace while encouraging innovation and creativity to bring great satisfaction to customers and partners.
Corporate Culture & Company Activities
Throughout its 23 years of operation, PV Drilling has established itself as a leading drilling contractor in both the local and global markets. Built on the core values of “People, Integrity, Professionalism,” PV Drilling's culture has been shaped and cultivated throughout the corporation's development progress.
The working environment at PV Drilling is characterized by a spirit of solidarity, cooperation, and mutual respect, with a strong emphasis on professionalism, dynamism, and creativity. The company also places a special focus on training and talent development through various technical and managerial training courses, thereby enhancing the quality of its workforce and creating momentum for the company's overall growth.
Furthermore, PV Drilling places great importance on corporate responsibility, focusing on ESG through many practical activities: planting trees, reusing paper, reducing emissions, and participating in social welfare activities in many localities and regions across the country.
These activities include building charity projects, providing healthcare and support to disadvantaged people, awarding scholarships to underprivileged students, and supporting dioxin victims. The company ensures that it complies with the law when conducting these business activities by having its cultural book and Code of Conduct issued by the COC hotline.
PV Drilling has also launched initiatives to reduce carbon emissions, cut greenhouse gas emissions onboard the rig and offshore, replace fluorescent light bulbs with LED light Bulbs, along with the application of ISO 9001: 2025, ISO 14001:2025 and ISO 45001:2028 in the HSEQ System.
Petrovietnam Drilling & Well Service Corporation (PV Drilling) was established on November 26th, 2001 with the aim of being a specialized oil and gas technical service provider of the Vietnam National Oil and Gas Group (PVN). Its goal is to enhance the initiative in drilling and drilling-related services in Vietnam.
PV Drilling is a professional provider of drilling rigs and drilling-related services as well as manpower supply for onshore and offshore drilling operations. With 23 years of experience, PV Drilling now owns 6 modern drilling rigs and has a team of highly skilled experts.
The company's vision is to be an internationally reputable and reliable drilling service contractor, with a mission of creating value for clients by delivering premium drilling and drilling-related services that are high quality and safe at competitive prices.
The company’s core values focus on people, integrity, and professionalism. PV Drilling is committed to building a safe workplace while encouraging innovation and creativity to bring great satisfaction to customers and partners.
Corporate Culture & Company Activities
Throughout its 23 years of operation, PV Drilling has established itself as a leading drilling contractor in both the local and global markets. Built on the core values of “People, Integrity, Professionalism,” PV Drilling's culture has been shaped and cultivated throughout the corporation's development progress.
The working environment at PV Drilling is characterized by a spirit of solidarity, cooperation, and mutual respect, with a strong emphasis on professionalism, dynamism, and creativity. The company also places a special focus on training and talent development through various technical and managerial training courses, thereby enhancing the quality of its workforce and creating momentum for the company's overall growth.
Furthermore, PV Drilling places great importance on corporate responsibility, focusing on ESG through many practical activities: planting trees, reusing paper, reducing emissions, and participating in social welfare activities in many localities and regions across the country.
These activities include building charity projects, providing healthcare and support to disadvantaged people, awarding scholarships to underprivileged students, and supporting dioxin victims. The company ensures that it complies with the law when conducting these business activities by having its cultural book and Code of Conduct issued by the COC hotline.
PV Drilling has also launched initiatives to reduce carbon emissions, cut greenhouse gas emissions onboard the rig and offshore, replace fluorescent light bulbs with LED light Bulbs, along with the application of ISO 9001: 2025, ISO 14001:2025 and ISO 45001:2028 in the HSEQ System.
Achievements and Impact
In 2023, PV Drilling made an impressive turnaround with sales and service revenue reaching VND 6,160 billion and a net profit after tax of VND 546 billion. This marked significant growth after a prolonged period impacted by the sharp decline in oil prices since the end of 2014 and the COVID-19 pandemic in 2019, 2020, and 2021. The achievements in 2023 represent a milestone for the company, signaling the strong recovery and development of the corporation in the next phase.
As of now, PV Drilling and its subsidiaries have a total of 1,924 employees. The company’s organizational structure includes the headquarters and 14 subsidiary units, along with four operational offices in Malaysia, Brunei, Indonesia, and Algeria.
The upcoming period is expected to bring a mix of opportunities and challenges. With the motto "New Driving Force for Growth", PV Drilling will continue to seize opportunities, accelerate breakthroughs, achieve set goals, and prepare for a new growth cycle. The company will focus on three key factors: Market, Investment, and Digital Transformation to drive new opportunities, aiming to expand the market and realize its sustainable development strategy.
Future Direction
Currently, the drilling rigs owned by PV Drilling have secured continuous projects until the end of 2025 in both Malaysian and Indonesian markets, with service rates increasing by approximately 20% - 30% compared to 2023.
Additionally, PV Drilling will enhance cooperation with partners to provide drilling rigs for drilling programs in Vietnam, while vigorously implementing new drilling rig investment projects and technological equipment to support the strategy of expanding service markets in Vietnam and Southeast Asia. With the solid foundations established in 2023, PV Drilling expects to achieve very positive business results in 2024 and the following years.
As for its overall strategy for 2024 and the upcoming period, PV Drilling will strive to pursue the implementation of many strong strategic objectives, enhancing its capacity to provide drilling services. This will be done by investing in the HWU and drilling rigs, expanding the scale of the enterprise to anticipate the new development cycle of the oil and gas drilling market, and ensuring to meet Vietnam’s market demands.
PV Drilling will also seize opportunities from regional and international markets to continuously enhance its position in the oil and gas industry and the energy sector as a whole, concentrating on providing new services, wind energy, and digital transformation.
In 2023, PV Drilling made an impressive turnaround with sales and service revenue reaching VND 6,160 billion and a net profit after tax of VND 546 billion. This marked significant growth after a prolonged period impacted by the sharp decline in oil prices since the end of 2014 and the COVID-19 pandemic in 2019, 2020, and 2021. The achievements in 2023 represent a milestone for the company, signaling the strong recovery and development of the corporation in the next phase.
As of now, PV Drilling and its subsidiaries have a total of 1,924 employees. The company’s organizational structure includes the headquarters and 14 subsidiary units, along with four operational offices in Malaysia, Brunei, Indonesia, and Algeria.
The upcoming period is expected to bring a mix of opportunities and challenges. With the motto "New Driving Force for Growth", PV Drilling will continue to seize opportunities, accelerate breakthroughs, achieve set goals, and prepare for a new growth cycle. The company will focus on three key factors: Market, Investment, and Digital Transformation to drive new opportunities, aiming to expand the market and realize its sustainable development strategy.
Future Direction
Currently, the drilling rigs owned by PV Drilling have secured continuous projects until the end of 2025 in both Malaysian and Indonesian markets, with service rates increasing by approximately 20% - 30% compared to 2023.
Additionally, PV Drilling will enhance cooperation with partners to provide drilling rigs for drilling programs in Vietnam, while vigorously implementing new drilling rig investment projects and technological equipment to support the strategy of expanding service markets in Vietnam and Southeast Asia. With the solid foundations established in 2023, PV Drilling expects to achieve very positive business results in 2024 and the following years.
As for its overall strategy for 2024 and the upcoming period, PV Drilling will strive to pursue the implementation of many strong strategic objectives, enhancing its capacity to provide drilling services. This will be done by investing in the HWU and drilling rigs, expanding the scale of the enterprise to anticipate the new development cycle of the oil and gas drilling market, and ensuring to meet Vietnam’s market demands.
PV Drilling will also seize opportunities from regional and international markets to continuously enhance its position in the oil and gas industry and the energy sector as a whole, concentrating on providing new services, wind energy, and digital transformation.
CORPORATE EXCELLENCE CATEGORY
PETROVIETNAM DRILLING AND WELL SERVICE CORPORATION
Information about the Company
Petrovietnam Drilling & Well Service Corporation (PV Drilling) was established on November 26th, 2001 with the aim of being a specialized oil and gas technical service provider of the Vietnam National Oil and Gas Group (PVN). Its goal is to enhance the initiative in drilling and drilling-related services in Vietnam.
PV Drilling is a professional provider of drilling rigs and drilling-related services as well as manpower supply for onshore and offshore drilling operations. With 23 years of experience, PV Drilling now owns 6 modern drilling rigs and has a team of highly skilled experts.
The company's vision is to be an internationally reputable and reliable drilling service contractor, with a mission of creating value for clients by delivering premium drilling and drilling-related services that are high quality and safe at competitive prices.
The company’s core values focus on people, integrity, and professionalism. PV Drilling is committed to building a safe workplace while encouraging innovation and creativity to bring great satisfaction to customers and partners.
Corporate Culture & Company Activities
Throughout its 23 years of operation, PV Drilling has established itself as a leading drilling contractor in both the local and global markets. Built on the core values of “People, Integrity, Professionalism,” PV Drilling's culture has been shaped and cultivated throughout the corporation's development progress.
The working environment at PV Drilling is characterized by a spirit of solidarity, cooperation, and mutual respect, with a strong emphasis on professionalism, dynamism, and creativity. The company also places a special focus on training and talent development through various technical and managerial training courses, thereby enhancing the quality of its workforce and creating momentum for the company's overall growth.
Furthermore, PV Drilling places great importance on corporate responsibility, focusing on ESG through many practical activities: planting trees, reusing paper, reducing emissions, and participating in social welfare activities in many localities and regions across the country.
These activities include building charity projects, providing healthcare and support to disadvantaged people, awarding scholarships to underprivileged students, and supporting dioxin victims. The company ensures that it complies with the law when conducting these business activities by having its cultural book and Code of Conduct issued by the COC hotline.
PV Drilling has also launched initiatives to reduce carbon emissions, cut greenhouse gas emissions onboard the rig and offshore, replace fluorescent light bulbs with LED light Bulbs, along with the application of ISO 9001: 2025, ISO 14001:2025 and ISO 45001:2028 in the HSEQ System.
Petrovietnam Drilling & Well Service Corporation (PV Drilling) was established on November 26th, 2001 with the aim of being a specialized oil and gas technical service provider of the Vietnam National Oil and Gas Group (PVN). Its goal is to enhance the initiative in drilling and drilling-related services in Vietnam.
PV Drilling is a professional provider of drilling rigs and drilling-related services as well as manpower supply for onshore and offshore drilling operations. With 23 years of experience, PV Drilling now owns 6 modern drilling rigs and has a team of highly skilled experts.
The company's vision is to be an internationally reputable and reliable drilling service contractor, with a mission of creating value for clients by delivering premium drilling and drilling-related services that are high quality and safe at competitive prices.
The company’s core values focus on people, integrity, and professionalism. PV Drilling is committed to building a safe workplace while encouraging innovation and creativity to bring great satisfaction to customers and partners.
Corporate Culture & Company Activities
Throughout its 23 years of operation, PV Drilling has established itself as a leading drilling contractor in both the local and global markets. Built on the core values of “People, Integrity, Professionalism,” PV Drilling's culture has been shaped and cultivated throughout the corporation's development progress.
The working environment at PV Drilling is characterized by a spirit of solidarity, cooperation, and mutual respect, with a strong emphasis on professionalism, dynamism, and creativity. The company also places a special focus on training and talent development through various technical and managerial training courses, thereby enhancing the quality of its workforce and creating momentum for the company's overall growth.
Furthermore, PV Drilling places great importance on corporate responsibility, focusing on ESG through many practical activities: planting trees, reusing paper, reducing emissions, and participating in social welfare activities in many localities and regions across the country.
These activities include building charity projects, providing healthcare and support to disadvantaged people, awarding scholarships to underprivileged students, and supporting dioxin victims. The company ensures that it complies with the law when conducting these business activities by having its cultural book and Code of Conduct issued by the COC hotline.
PV Drilling has also launched initiatives to reduce carbon emissions, cut greenhouse gas emissions onboard the rig and offshore, replace fluorescent light bulbs with LED light Bulbs, along with the application of ISO 9001: 2025, ISO 14001:2025 and ISO 45001:2028 in the HSEQ System.
Achievements and Impact
In 2023, PV Drilling made an impressive turnaround with sales and service revenue reaching VND 6,160 billion and a net profit after tax of VND 546 billion. This marked significant growth after a prolonged period impacted by the sharp decline in oil prices since the end of 2014 and the COVID-19 pandemic in 2019, 2020, and 2021. The achievements in 2023 represent a milestone for the company, signaling the strong recovery and development of the corporation in the next phase.
As of now, PV Drilling and its subsidiaries have a total of 1,924 employees. The company’s organizational structure includes the headquarters and 14 subsidiary units, along with four operational offices in Malaysia, Brunei, Indonesia, and Algeria.
The upcoming period is expected to bring a mix of opportunities and challenges. With the motto "New Driving Force for Growth", PV Drilling will continue to seize opportunities, accelerate breakthroughs, achieve set goals, and prepare for a new growth cycle. The company will focus on three key factors: Market, Investment, and Digital Transformation to drive new opportunities, aiming to expand the market and realize its sustainable development strategy.
Future Direction
Currently, the drilling rigs owned by PV Drilling have secured continuous projects until the end of 2025 in both Malaysian and Indonesian markets, with service rates increasing by approximately 20% - 30% compared to 2023.
Additionally, PV Drilling will enhance cooperation with partners to provide drilling rigs for drilling programs in Vietnam, while vigorously implementing new drilling rig investment projects and technological equipment to support the strategy of expanding service markets in Vietnam and Southeast Asia. With the solid foundations established in 2023, PV Drilling expects to achieve very positive business results in 2024 and the following years.
As for its overall strategy for 2024 and the upcoming period, PV Drilling will strive to pursue the implementation of many strong strategic objectives, enhancing its capacity to provide drilling services. This will be done by investing in the HWU and drilling rigs, expanding the scale of the enterprise to anticipate the new development cycle of the oil and gas drilling market, and ensuring to meet Vietnam’s market demands.
PV Drilling will also seize opportunities from regional and international markets to continuously enhance its position in the oil and gas industry and the energy sector as a whole, concentrating on providing new services, wind energy, and digital transformation.
In 2023, PV Drilling made an impressive turnaround with sales and service revenue reaching VND 6,160 billion and a net profit after tax of VND 546 billion. This marked significant growth after a prolonged period impacted by the sharp decline in oil prices since the end of 2014 and the COVID-19 pandemic in 2019, 2020, and 2021. The achievements in 2023 represent a milestone for the company, signaling the strong recovery and development of the corporation in the next phase.
As of now, PV Drilling and its subsidiaries have a total of 1,924 employees. The company’s organizational structure includes the headquarters and 14 subsidiary units, along with four operational offices in Malaysia, Brunei, Indonesia, and Algeria.
The upcoming period is expected to bring a mix of opportunities and challenges. With the motto "New Driving Force for Growth", PV Drilling will continue to seize opportunities, accelerate breakthroughs, achieve set goals, and prepare for a new growth cycle. The company will focus on three key factors: Market, Investment, and Digital Transformation to drive new opportunities, aiming to expand the market and realize its sustainable development strategy.
Future Direction
Currently, the drilling rigs owned by PV Drilling have secured continuous projects until the end of 2025 in both Malaysian and Indonesian markets, with service rates increasing by approximately 20% - 30% compared to 2023.
Additionally, PV Drilling will enhance cooperation with partners to provide drilling rigs for drilling programs in Vietnam, while vigorously implementing new drilling rig investment projects and technological equipment to support the strategy of expanding service markets in Vietnam and Southeast Asia. With the solid foundations established in 2023, PV Drilling expects to achieve very positive business results in 2024 and the following years.
As for its overall strategy for 2024 and the upcoming period, PV Drilling will strive to pursue the implementation of many strong strategic objectives, enhancing its capacity to provide drilling services. This will be done by investing in the HWU and drilling rigs, expanding the scale of the enterprise to anticipate the new development cycle of the oil and gas drilling market, and ensuring to meet Vietnam’s market demands.
PV Drilling will also seize opportunities from regional and international markets to continuously enhance its position in the oil and gas industry and the energy sector as a whole, concentrating on providing new services, wind energy, and digital transformation.