Vietnam's PV Drilling to Acquire Eighth Jack-Up Rig, Set for 2027 Operation

en.Wedoany.com Reported - PetroVietnam Drilling (PV Drilling) has signed an agreement to acquire another jack-up rig, tentatively named PV DRILLING X.

Upon completion of this acquisition, PV Drilling's modern offshore drilling rig fleet will expand to eight units. The current fleet includes jack-up rigs PV Drilling I, II, III, VI, VIII, and IX, as well as a semi-submersible auxiliary drilling rig, PV Drilling V. In March this year, the company held a naming ceremony for PV Drilling IX, which commenced commercial operations in April. The consecutive fleet expansion over three years (2024 to 2026) reflects the company's positive outlook on the regional drilling market.

PV Drilling is a subsidiary of Vietnam National Oil and Gas Group (Petrovietnam), primarily engaged in providing drilling rigs, integrated drilling and completion services, and drilling workforce solutions for offshore, onshore, geothermal, and carbon capture projects. The company stated that the new rig will be used to meet the growing exploration and development needs in Vietnam and Southeast Asia, enhancing its competitiveness in the regional drilling market.

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