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Due to the oil prices continuous drop recently, PetroVietnam Exploration and Production Corporation (PVEP) has actively reviewed and adjusted the exploiting projects for according with the actual situation.

According to information of the Vietnam - Russia Joint Venture (Vietsovpetro), in the first 2 months of 2019, this Joint Venture reached the oil revenue of US$291.7 million (111.3% of the plan); paid taxes of US$118.8 million to the State budget (110.7% of the plan). The profit of Vietnamese side was US$21.5 million (110.1% of the plan) and Russian side - US$ 20.7 million (110.1% of the plan). Especially, Vietsovpetro has additionally put 5 oil wells into exploitation.

The project with a total investment of VND 3.7 billion includes two main working parts as kiln digging and equipment installation.

In context of facing many difficulties and challenges of of oil and gas drilling industry, PetroVietnam Drilling & Well Services Corporation (PV Drilling) continuing to receive the prize "The best Asian Drilling Contractor 2015" from World Finance at the London stock market, the Kingdom Britain recently has continued to assert the brand name value of PV Drilling. This achievement is due to processes of establishment and development in 14 recent years (November 26, 2001 - November 26, 2015) of all staffs of PV Drilling across generations, across the stages.

In Ho Chi Minh City, PV Drilling and UOD partner signed a contract of providing UMW-NAGA 2 and UMW-NAGA 3 jack-up rigs for drilling campaign of Hoang Long JOC.

On Jan 8, 2015, at Ho Chi Minh city, PetroVietnam Drilling and Well Services Corporation (PV Drilling) signed a contract to provide the drilling rig to the PetroVietnam Exploration Production Corporation - Petroleum Operation Company (PVEP POC).

Last week, at Ho Chi Minh city, PetroVietnam Drilling & Well Services Corporation (PV Drilling) signed a contract for providing the PetroVietnam Exploration Production Operating Company (PVEP POC) with a drilling rig.

The PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide a drilling rig and drilling services for Myanmar from October, PetroVietnam (PVN) said on August 22.

PetroVietnam Drilling & Well Services Corporation (PV Drilling) was honored to receive the award "The Best Asian Drilling Contractor 2015" awarded by World Finance.