Petroleum Pipeline & Tank Construction JSC

Petroleum Pipeline & Tank Construction JSC

UUPCOM:PXT
1,300.00
VND
0.00
(0.00%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

Full Time Employees
104
Sector
Industrial services
Industry
Oilfield services/Equipment
Address
Vung Tau Vietnam
IPO Date
Jun 9, 2021
Website
dobc.vn
Business
Petroleum Pipeline & Tank Construction Joint Stock Company (UPCOM: PXT), operating as PVC-PT and DOBC, is a Vietnam-based engineering, construction, and technical services company specializing in infrastructure and mechanical installation for the oil, gas, petrochemical, and power sectors. Founded in 1988 and headquartered in Vung Tau City, Vietnam, the company operates as a core subsidiary of PetroVietnam Construction Joint Stock Corporation (PETROCONs) under the state-owned Vietnam Oil and Gas Group (Petrovietnam). The company organizes its business across specialized industrial contracting, manufacturing, and technical maintenance segments. Its core product and service portfolio includes: engineering, fabrication, and installation of onshore and offshore pipelines for crude oil, refined petroleum, natural gas, and industrial water transportation; fabrication and erection of atmospheric and high-pressure storage tanks, liquefied petroleum gas (LPG) spherical tanks, chemical storage vessels, and stainless steel storage containers; manufacturing, pre-fabrication, and assembly of heavy steel structures, offshore drilling rig bases, platform jackets, and marine port infrastructure; installation of technological equipment, process piping networks, electrical systems, and power substation utilities for refineries, fertilizer complexes, and thermal power plants; and comprehensive industrial maintenance services comprising structural integrity inspections, non-destructive testing, corrosion control, sandblasting, protective coating, and technical turnaround maintenance for onshore plants and offshore energy installations. The company primarily serves state-owned enterprises, multinational energy operators, and general EPC contractors across Vietnam, with key clients including Vietnam Oil and Gas Group, Binh Son Refining and Petrochemical Joint Stock Company, PetroVietnam Gas Joint Stock Corporation, and PetroVietnam Fertilizer and Chemicals Corporation. In recent developments, the company has transitioned its equity listing to Vietnam's Unlisted Public Company Market (UPCoM) under the ticker PXT and undertaken organizational and operational restructuring to improve project delivery efficiency. The company has actively secured and executed major energy infrastructure contracts, notably securing a major site preparation and construction package valued at over VND 369 billion for the Dung Quat Refinery Upgrade and Expansion Project, delivering critical large-scale cooling water pipeline systems and electrical grounding packages for the Thai Binh 2 Thermal Power Plant, and executing high-specification storage fabrication contracts such as stainless steel formaldehyde tank packages for industrial chemical complexes. These strategic initiatives reinforce the company's position as a specialized mechanical and pipeline installation contractor within Vietnam's expanding industrial and energy infrastructure landscape.