To implement the Plan for the last 6 months of 2016, Vietnam National Oil and Gas Group (PVN) expects to increase the oil production exceeding 1 million tons compared to the early year plan so as to meet the macro-economic criteria that were assigned by the Government. For that reason, PVN will concentrate on drilling several additional production wells.
That could be considered as a positive signal for oil and gas service suppliers in general and PV Drilling in particular to seek opportunities in providing oil and gas services. As a result, PV Drilling plans to supply owned rigs to Cuu Long, Vietsovpetro, Hoang Long Hoan Vu in order to drill additional wells at fields such as Brown Lion, Dragon, and White Rhino; as well as reinforce the well technical services.
In addition, according to the agreement with clients, PV Drilling also plans to bring 1 - 2 rigs to Myanmar and Malaysia market since Quarter 4 of 2016 to provide to Total Myanmar and PCPP JV for their drilling campaigns. This result has been achieved after considerable efforts in seeking opportunities and developing services overseas during the recent tough period.
In addition, according to the agreement with clients, PV Drilling also plans to bring 1 - 2 rigs to Myanmar and Malaysia market since Quarter 4 of 2016 to provide to Total Myanmar and PCPP JV for their drilling campaigns. This result has been achieved after considerable efforts in seeking opportunities and developing services overseas during the recent tough period.
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