PetroVietnam Drilling & Well Services JSC
HHOSE:PVD18,900.00
VND
+900.00
(+5.00%)
ISIN
VN000000PVD2
Return %
Stock
S&P 500
1Y
59.31
14.20
3Y
11.46
81.12
5Y
52.24
68.34
Capital Structure
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in mil. unless spec.Working Capital
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•
in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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•
in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
VND
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in mil. unless spec.Company Description
- CEO
- Cuong Xuan Nguyen
- Full Time Employees
- 2,435
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Nov 11, 2006
- Website
- pvdrilling.com.vn
- Similar Companies
- Business
- PetroVietnam Drilling & Well Services Joint Stock Company (PV Drilling) is a Vietnam-based oilfield technical services contractor primarily engaged in the provision of offshore and onshore contract drilling services, well technical solutions, tubular inspection and maintenance, and specialized technical manpower for the upstream oil and gas industry. Founded in 2001 and headquartered in Ho Chi Minh City, Vietnam, the company operates as a subsidiary of the state-owned Vietnam Oil and Gas Group (Petrovietnam). PV Drilling serves national oil companies, international exploration and production operators, and energy concessionaires across domestic and international markets, maintaining active operations in Vietnam, Malaysia, Indonesia, Brunei, Thailand, and Algeria. The company organizes its business operations across four primary segments: Drilling Rig Services, Well Technical Services, Oilfield Technical Services, and Trade and Other Services. Its core offerings include Contract Drilling Services, comprising the operation, chartering, and management of premium offshore jack-up rigs (including PV DRILLING I, PV DRILLING II, PV DRILLING III, PV DRILLING VI, PV DRILLING VIII, and PV DRILLING IX), tender-assisted drilling (TAD) semi-submersible units (PV DRILLING V), and land drilling rigs (PV DRILLING 11); Well Technical Services, encompassing casing and tubing running services (CTRS), drilling tool rental services (DTRS), managed pressure drilling (MPD), wellbore clean-up (WBCU), expandable liner installations, solid control and mud cooling systems, filtration services, casing accessories supply, torque ring installation, mud logging, wireline logging, well testing, and cementing services; Oilfield Technical and Engineering Services, including oil country tubular goods (OCTG) threading, non-destructive testing (NDT), drill pipe and tubular inspection, rig maintenance and overhaul, spool fabrication, and wellhead maintenance; and Manpower and Support Services, delivering certified offshore drilling personnel, technical crew leasing, international safety and technical training accredited by OPITO and IWCF, logistics base operations, and petroleum equipment trading. The company executes these technical operations directly and through specialized subsidiaries and joint ventures, including PVD Well Services, PVD Offshore Services, PVD Deepwater Drilling, PVD Logging, PVD Tech, PVD Training, and BJ-PVD. In recent operational and strategic developments, PV Drilling has accelerated its international expansion and modern rig fleet investment across Southeast Asia. The company expanded its offshore drilling capacity through the acquisition and commercial commissioning of the high-specification jack-up rig PV DRILLING IX, while executing capital investments for the acquisition of the PV DRILLING X jack-up rig to fulfill growing regional drilling demand. In Indonesia, the company reinforced its market presence by securing a multi-year contract extension for the PV DRILLING II jack-up rig with PT Pertamina Hulu Energi ONWJ through 2028, alongside the multi-year deployment of the PV DRILLING III rig for exploration and development drilling in northwest Java and southeast Sumatra. In Malaysia, PV Drilling expanded its operating fleet to multiple active units, deploying the PV DRILLING VIII rig for consecutive development drilling programs offshore Sabah and Sarawak alongside ongoing campaigns for PV DRILLING VI. Furthermore, the company has scaled the cross-border integration of high-margin well technical services and equipment rentals throughout ASEAN markets, while strategically positioning its offshore fleet and technical service divisions to support major domestic energy initiatives, including the Block B - O Mon gas-to-power development project in Vietnam.