Besides, enterprising and right investment is the key to the success of PV Drilling. Accordingly, the company gives priority to modern automated equipment with latest technologies. Typically, the company had two rigs in 2007, now the company has six, including one under construction, and the number will continue to increase in the future. These new-generation rigs have enabled PV Drilling to quickly seize market opportunities, increase market share, and maintain revenue and profit growth in the past years as expected by all shareholders. Needless to say, the current success of PV Drilling is not merely resulted from the provision of high-quality services at competitive prices but more importantly the ownership of valuable assets using the most modern technologies in the world along with the pride of PV Drilling’s dare-to-think, dare-to-do, self-operating staff.

The company fulfilled its annual business plans. PV Drilling’s rigs are being operated at very high efficiency, usually reaching 98-99 percent of capacity. PV Drilling endeavored to seek and add six rigs to the leasing fleet, bringing its total rigs to 11, including five rigs it owned and six rigs it rented.

Apart from the strong growth of drilling services, PV Drilling also maintained traditional technical well service contracts as drilling tubular, solids separation and filtering, mud logging, coring, well completion, platform manpower service and central mechanical repairing centre for big customers to secure stable growth. Besides, the corporation provided advanced well services like completed solution filtering, in-process pressure control, in-process parameter measurement, which have helped the company expand its market share and increase revenue and profit.

Vietnam’s participation in TPP will encourage oil and gas companies in the world to strengthen their investment for exploration and exploitation plans. This is an opportunity for PV Drilling to provide rig services, expand the market share and enhance profitability.
N.Nga
Source:pvdrilling.com.vn