From 18th to 20th February 2025, PetroVietnam Drilling & Well Service Corporation (PV Drilling) and its local partner PT Jimmulya jointly held the 2-Year Service Quality Management Meeting for the PV DRILLING II and the Drilling Readiness Review Meeting for the PV DRILLING III in Bandung, Indonesia.
The meeting was held in the context that the PV DRILLING II has entered its third year of operation under a long-term contract with Pertamina ONWJ as well as the PV DRILLING III is also preparing to be mobilized for Pertamina ONWJ and Pertamina OSES in April 2025.
The Management of PHE ONWJ/ PHE OSES, PV Drilling and Jimmulya together with the teams of PV DRILLING II and PV DRILLING III
With respect to PV DRILLING II, Pertamina’s management expressed the appreciation for the exceptional performance of the Rig and the PV Drilling/Jimmulya team during the operations in the Northwest Java Sea over the past two years. Since commencement of the campaign in December 2022, PV DRILLING II has consistently delivered outstanding efficiency, achieving an impressive operational uptime of 99.69% in 2023 and 99.63% in 2024. Beyond its high performance, PV DRILLING II has successfully completed more than 20 exploration and production wells while maintaining an impressive safety record—surpassing 800 consecutive days of safe operations with zero Lost Time Incident (Zero LTI). These milestones reaffirm PV Drilling’s expertise in offshore rig services and its commitment to operational excellence. Under the existing contract, the Rig will continue supporting PHE ONWJ’s extensive drilling campaign through the end of 2028, further strengthening PV Drilling’s position as a trusted partner in offshore energy development.
General Manager of PHE ONWJ – Mr. Muzwir Wiratama – spoke at the opening of the meeting
Vice President of PV Drilling – Mr. Dinh Quang Nhut – delivered a remark, highlighting PV Drilling’s commitment in excellent service quality for PHE ONWJ/ PHE OSES
During the Drilling Readiness Review Meeting, the parties focused significantly on preparing for the mobilization and operation of the jack-up PV DRILLING III tentatively from April 2025 in North West Java and South East Sumatra. Generally, the preparation of PV DRILLING III’s upcoming drilling campaign has been have remained on schedule, thanks to the close collaboration between all parties in ensuring compliance with the regulations of Indonesian authorities.
The rig PV DRILLING III was built and commenced its first operation in 2009. Over 16 years working, it has successfully executed numerous drilling campaigns for clients both in Vietnam and across the region. The Rig is currently completing its final wells for Hibiscus Petroleum in Malaysia. In 2023, PV DRILLING III set a national record for drilling Malaysia’s longest well at 6,963 meters and earned the “Best Rig of the Year” award (2023 Performance Focused Recognition). The upcoming deployment of PV DRILLING III for PHE ONWJ/PHE OSES marks a significant milestone, strengthens PV Drilling's position as one of the leading drilling contractors in Indonesia. This achievement further strengthens PV Drilling’s reputation and growing influence in the regional oil and gas drilling market.
On behalf of PV Drilling, Vice President - Mr. Dinh Quang Nhut - demonstrated the strong commitment in maintaining safety record and operational efficiency at the highest level of both the PV DRILLING II and PV DRILLING III.
Indonesia is one of the key markets in Southeast Asia, with consistently high demand for jack-up rigs and related services for oil and gas activities. With the goal of increasing to one million barrels per day by 2030, Indonesia will need to maintain the operating of 8-10 jack-up rigs continuously, opening up many opportunities for capable drilling contractors and drilling service providers. Recognizing the potential of these opportunities, PV Drilling has been actively expanding its fleet and well technical services to support exploration and production activities through the establishment of a Joint Venture (JV) in Indonesia. The JV is expected to commence operations in Quarter 2 2025.
The events served as an opportunity for PV Drilling to reaffirm its long-term commitment to maintaining and enhancing safety and service standards. The achievements of the rig crew in Indonesia have laid a strong foundation for PV Drilling to further capitalize on its core strengths, deliver greater value to clients, and solidify its presence across Southeast Asia. In the future, with reasonable strategies, keeping up with technological trends and close cooperation with strategic partners, PV Drilling expects to create more new driving forces for growth, maintaining the brand and reputation of a pioneering Vietnamese drilling contractor in the oil and gas drilling industry.
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