On 8th September 2021, Petrovietnam Drilling and Well Service Corporation (PV Drilling) signed a contract to supply PV DRILLING VI jack-up rig to Thang Long Joint Operating Company (Thang Long JOC).
PV DRILLING VI is the latest generation jack-up rig of PV Drilling, built and completed in February 2015. The PV DRILLING VI rig can drill up to 9,000m at a maximum depth of 121m, with maximum combined drilling capacity of up to 2,500 kips (1,134 MT) and many other outstanding technical features. According to the signed contract, PV DRILLING VI rig will start drilling 01 well for Thang Long JOC’s drilling program from mid-September 2021 at Block 15-2/01, Vietnamese waters.
Besides provision of drilling services to Thang Long JOC, PV Drilling also provides other technical services such as Mud Logging, Well-site Geologist, Casing & Tubing Running Services, Drilling Tool Rental Services and Casing Accessories Provision Services.
Mud Logging and Well-site Geologist are services performed entirely by PV Drilling’s team of Vietnamese engineers and experts. With the advantage of understanding the geology and characteristics of the regional fields, along with extensive domestic and international working experience, PV Drilling is fully confident that these services can compete with multinational companies right from the first day of development in the mid-2000s, then gradually conquer customers and hold up to 90% of the domestic market share over the past 10 years. Casing & Tubing Running Services and Drilling Tool Rental Services are also among the strong services of PV Drilling when accounting for 95% and 100% of the domestic service market share respectively for many consecutive years.
Owning synchronous rig operation management system, streamlined and professional personnel organization, PV Drilling is currently operating a team of rigs very safely and effectively for domestic and foreign customers, building a reputation and continuously improving its competitive position in the market with successful drilling campaigns in many countries such as Algeria, Malaysia, Thailand, Myanmar.
PV Drilling constantly expands to provide well technical services, high-tech services and other supporting services, thereby promote its capability to provide bundled services to customers, help customers over-fulfill the plan in terms of cost and time. This is one of the great competitive advantages of PV Drilling when providing services in both the domestic market and Southeast Asia.