PetroVietnam Technical Services Corporation
HHNX:PVS32,500.00
VND
+700.00
(+2.20%)
ISIN
VN000000PVS0
Return %
Stock
S&P 500
1Y
37.72
14.20
3Y
7.28
81.12
5Y
45.91
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Cuong Manh Le
- Full Time Employees
- 8,201
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Sep 20, 2007
- Website
- ptsc.com.vn
- Similar Companies
- Business
- PetroVietnam Technical Services Corporation is a Vietnam-based provider of technical engineering, marine, and logistics solutions for the oil, gas, and offshore renewable energy sectors. The company operates as a key subsidiary of the state-owned Vietnam Oil and Gas Group (PetroVietnam) and organizes its operations across multiple specialized segments: engineering, procurement, construction, installation, commissioning, and decommissioning (EPC/EPCI) services for offshore platforms, living quarters, central processing facilities, subsea pipelines, and offshore wind substations and foundation structures; floating production, storage, and offloading (FPSO) and floating storage and offloading (FSO) services, encompassing vessel chartering, operation, maintenance, conversion, and life-extension; specialized offshore marine services, managing a fleet of anchor handling tug supply (AHTS) vessels, platform supply vessels (PSV), dynamic positioning (DP) vessels, and utility crafts; operation and maintenance (O&M) and technical overhaul services for offshore production platforms, oil refineries, gas processing plants, and power stations; subsea survey, inspection, repair, and maintenance (IRM) services utilizing remotely operated vehicles (ROVs) and diving support vessels; and port infrastructure and offshore supply base logistics, including heavy-lift handling, fabrication yard operations, bonded warehousing, and maritime logistics centered in strategic coastal hubs such as Vung Tau, Quang Ngai, and Thanh Hoa. Founded in 1993 and headquartered in Ho Chi Minh City, Vietnam, the corporation provides integrated services to state-owned enterprises, multinational oil and gas operators, and international renewable energy developers across Vietnam, Southeast Asia, East Asia, and Europe. In recent strategic developments, PetroVietnam Technical Services Corporation has executed a major expansion into international offshore renewable energy infrastructure, securing large-scale export contracts to manufacture and supply suction bucket foundation jackets for the Greater Changhua offshore wind project in Taiwan, offshore substations for the Hai Long offshore wind farm, and offshore substations for the Baltica 2 offshore wind project in Poland in partnership with Semco Maritime. Furthermore, the company established a strategic partnership with Sembcorp Utilities to explore and develop cross-border offshore wind generation projects intended to export renewable electricity from Vietnam to Singapore, while simultaneously securing key engineering and construction packages for major domestic energy developments, including the Block B - O Mon gas-to-power project and the Lac Da Vang oilfield development.