PV Drilling provides drilling services for Myanmar company

10:35 | 24/08/2016 Industry

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.

PV Drilling provides drilling services for Myanmar company

The PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide a drilling rig and drilling services for Myanmar from October — Photo oilgas.vn

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)./.


Source: VNS

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