In the festive atmosphere of the Lunar New Year of the Horse, on the morning of February 2, 2026, in Ho Chi Minh City, Petrovietnam Drilling & Well Service Corporation (PV Drilling) signed a contract to provide a drilling rig for Thang Long Joint Operating Company’s (Thang Long JOC) drilling campaign at the Hai Su Den-8P field.
The program consists of one production well (8P) at the Hai Su Den field, with an estimated duration of 70 days. Operations are scheduled to commence in mid-May 2026 at Block 15-2/01, off the continental shelf of Vietnam. To execute this campaign, PV Drilling has arranged the Gunnlod rig from its partner, Borr Drilling, to provide services to client Thang Long JOC.
The signing ceremony was attended by senior leaders from PV Drilling and Thang Long JOC, along with representatives from partner Borr Drilling.
PV Drilling’s President and CEO Nguyen Xuan Cuong and Thang Long JOC’s General Director Vu Minh Duc held the Signing Ceremony in the attendance of involved parties
PV Drilling’s leader expressed their commitment to successfully executing the HSD-8P drilling campaign on schedule and with cost optimization, meeting the expectations of Thang Long JOC and the joint venture investors.
Thang Long JOC highly values the strong cooperative relationship between the two parties. They expect that with the experience and professionalism of PV Drilling and its partners, the HSD-8P drilling campaign at Block 15-2/01 will achieve high operational efficiency. This project not only plays a vital role in Thang Long JOC's production plan but also contributes to fulfilling the production growth targets set by Petrovietnam.
PV Drilling and Thang Long JOC, along with partner Borr Drilling at the Signing Ceremony
In 2025, PV Drilling successfully secured sufficient drilling rigs for most oil and gas operators in Vietnam, acting on directives from Petrovietnam to seek out and ensure the supply of rigs for the domestic market. Accordingly, all chartered rigs operated safely with high efficiency, contributing to increased revenue and profit for the Corporation’s drilling segment.
The contract signing with Thang Long JOC in early 2026 further reaffirms PV Drilling’s vital role in ensuring the provision of drilling rigs for oil and gas operators in Vietnam.
PV Drilling News