Tuesday, September 27 2016

VietNamNews

PV Drilling services Myanmar

Update: August, 24/2016 - 11:04
The PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide a drilling rig and drilling services for Myanmar from October, PetroVietnam (PVN) said. — Photo vir.com.vn

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

Under an agreement with Total E&P Myanmar, PV Drilling will supply its Drilling 1 rig to serve a 164-day drilling campaign in blocks M5 and M6 of Myanmar’s sea. Extensions to the drilling will be discussed after this campaign.

Total E&P Myanmar Director Xavier Preel expressed his belief in the management and operation of PV Drilling as well as the ability of PV Drilling 1 staff.

PV Drilling is capable of completing the campaign in a safe manner at a reasonable price, he added.

PV Drilling Chairman of the Management Board Do Van Khạnh said that his company will do its utmost to achieve maximum efficiency in the project.

In a situation where large reduction in the world crude oil price has brought rig rentals down and work for drilling rigs has also decreased, PV Drilling 1 has still overtaken 30 other rigs of 10 companies across the world to win contracts.

Since 2007, PV Drilling 1 has continuously achieved operations without any lost time incident (Zero LTI), as acknowledged by the International Association of Drilling Contractors (IADC). — VNS

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