PV Drilling supplies drilling rig for PVEP POC

The Signing Ceremony.

According to the contract, PV Drilling will provide PV DRILLING VI rig is a drilling one of the new generation manufactured in Keppel Fels (Singapore) from early March 2015 for an exploration drilling campaign of the PVEP POC at Kinh Ngu and some other fields in two years and the opportunity for a long term operation.

PVEP POC - a member unit of PetroVietnam Exploration Production Corporation (PVEP) at present is effectively and safely managing and exploiting a number of petroleum fields in Vietnam's waters and has a lot of important contributions to the overall success of PVEP.

The current situation of oil price fluctuation has more or less affected the petroleum market, particularly in the mining field. However, with the close cooperation between the two parties, PV Drilling believes that the safe and high productive management and operation of PV DRILLING VI will bring a lot of practical benefits for the drilling campaign of PVEP POC in committed timely ensuring and maximum costs saving.

In 2014, activities of PV Drilling’ rigs continued stability, with a productivity of over 99%.

For PV Drilling, the adding the 6th drilling rig in the fleet will meet a part of 14-15 drilling rigs demand in Vietnam and promises to bring a good effect for production and business of PV Drilling in 2015.

VietnamEnergy.vn