PetroVietnam Drilling Signs Jack-Up Rig Contract with Zarubezhneft for Offshore Vietnam, Operations to Commence October 2026

en.Wedoany.com Reported - Petrovietnam Drilling and Well Service Corporation (PV Drilling) has recently signed a jack-up rig service contract with Zarubezhneft EP Vietnam B.V. to carry out development drilling operations at the Thien Nga-Hai Au field in Block 12/11, offshore Vietnam.

The contract was signed on May 5, 2026, in Ho Chi Minh City, stipulating that PV Drilling will deploy a partner-owned jack-up rig to execute the drilling assignment. Operations are expected to commence in October 2026, with a contract duration of approximately 160 days. Previous assessment reports for the block indicate that the Thien Nga-Hai Au field is projected to produce approximately 7.43 billion cubic meters of natural gas, supplying the southeastern region of Vietnam.

At the signing ceremony, PV Drilling President and CEO Nguyen Xuan Cuong committed to "providing drilling services at competitive prices to ensure mutual benefit and a win-win outcome for both parties". The Zarubezhneft representative expressed confidence in PV Drilling's technical strength and professional capabilities, noting that in 2025 alone, PV Drilling achieved "high operational efficiency and excellent safety performance" on two drilling assignments for the company.

This contract signing further solidifies the long-term cooperative relationship between the two parties. Against the backdrop of a sustained recovery in the global drilling market, PV Drilling, in addition to operating its own rigs in Malaysia, Brunei, and Indonesia, continues to serve as a core provider in Vietnam's offshore drilling market, offering drilling resource assurance for oil and gas development.

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