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News // Off-shore drilling

PV Drilling and Rosneft sign contracts worth $42 million

27 June 2017 , 16:06Neftegaz.RU349

PetroVietnam Drilling and Well Services Corporation (PV Drilling) and Rosneft Vietnam B.V. committed to co-operation worth $42 million for provision of jack-up and related services in support of 2018 exploration and development projects at block 05-3/11 and block 06.1, the company reported on June 26, 2017.

 

The cooperation was announced at the signing ceremony of 6 contracts.

Accordingly, PV Drilling’s drilling rig VI will serve Rosneft’s drilling campaign at block 05.3/11 within 3 months.

 

This is the 1st signing of contracts between PV Drilling and Rosneft.

Rosneft joined the Vietnamese market in 2013.

 

It is a co-owner of oil block 06.1 and 05.3/11 in Nam Côn Sơn in Vietnam.

As planned, Rosneft will drill 3 oil wells in 2018, of which 2 wells will be at block 06.1 and one well at block 05.3/11.
 

Speaking at the signing ceremony, Deputy General Director of PetroVietnam Nguyễn Quỳnh Lâm appreciated PV Drilling’s efforts in the past as well as the importance of the cooperation relationship with Rosneft Vietnam.

 

PV Drilling is a provider of drilling rigs and drilling-related services and also supplies manpower for onshore and offshore drilling operations.

Over the last decade, PV Drilling has developed significantly, becoming one of the leading subsidiaries of Vietnam’s Oil & Gas Group and a prestigious drilling contractor in the regional market.

 

PV Drilling plans to expand its operation to further deepwater areas and the overseas market to contribute more to exploration and production of oil and gas resources for Vietnam and the world.

 

To read the article in Russian.

 

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