- CEO
- Thuong Ngoc Ngo
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Jun 4, 2020
- Business
- Petrovietnam Engineering Consultancy Joint Stock Company is a Vietnam-based engineering and technical consultancy provider primarily engaged in delivering design, engineering, procurement, construction management, and specialized advisory services for the oil, gas, energy, petrochemical, and industrial infrastructure sectors. Founded in 1998 and headquartered in Ho Chi Minh City, Vietnam, the company operates as an engineering subsidiary within the Vietnam Oil and Gas Group (Petrovietnam), serving domestic and regional markets across Southeast Asia.
The company organizes its business activities into comprehensive product and service segments: Engineering Design and Consultancy Services, comprising conceptual design, pre-feasibility and feasibility studies, front-end engineering design (FEED), and detailed engineering design for offshore production platforms, onshore processing plants, subsea and overland pipelines, petroleum refineries, petrochemical plants, and liquefied natural gas (LNG) terminals; Project Management Consultancy (PMC) and Construction Supervision, providing end-to-end project management, procurement advisory, construction oversight, quality assurance and quality control (QA/QC), health, safety, and environment (HSE) compliance, commissioning support, and operational startup assistance; Survey, Geotechnical, and Environmental Services, offering onshore and offshore topographical surveys, marine bathymetry, geotechnical soil investigations, geophysical surveying, and environmental impact assessments (EIA); Asset Integrity and Specialized Technical Services, delivering pipeline integrity management, non-destructive testing (NDT), risk engineering, hazard identification (HAZID), and hazard and operability (HAZOP) studies; and General EPC/EPCM Contracting, managing turnkey engineering, procurement, and construction execution for industrial, energy, and civil infrastructure developments.
In recent developments, Petrovietnam Engineering Consultancy Joint Stock Company has undertaken strategic operational and financial restructuring measures to optimize its balance sheet, consolidate core design capabilities, and enhance project delivery efficiency on the UPCoM market. The company has focused its operational deployment on major national energy infrastructure developments, securing key engineering consultancy and design packages within the Block B - O Mon gas-to-power project value chain and regional LNG receiving terminal networks. Furthermore, PVE has broadened its strategic alliances with international engineering contractors to pursue offshore wind consultancy, industrial energy transition projects, and advanced infrastructure engineering, while divesting non-core operations to reinforce core engineering competencies and liquidity.