On January 23, 2025, President and CEO of PV Drilling Nguyen Xuan Cuong, Director of PVD Drilling Division Lai Hoang Anh, along with leaders of PVD subsidiaries visited the employees working on the PV DRILLING VIII rig in Labuan (Malaysia) to encourage and extend New Year greetings to the staff.
During the visit to encourage and extend New Year greetings to the staff working on the PV DRILLING VIII as the 2025 Lunar New Year of the Snake approached, President and CEO Nguyen Xuan Cuong expressed his pride and increased confidence in putting this rig into commercial operation as planned after hearing the rig's leaders report on the workload completed after 28 days of project implementation in Labuan, Malaysia.
“On behalf of the Board of Management, I am very grateful for the efforts of all employees who have united and overcome difficulties and challenges throughout the past time. When we invest a drilling rig, we add more opportunities for development. If you are trusted by the Board of Management to be given opportunities, demonstrate your bravery and capabilities. We all know that putting the PV DRILLING VIII project into operation on schedule not only expands the scale of our jack-up rig fleet but also creates new growth momentum, adapting the demand of domestic drilling programs and increasing PV Drilling's international market share," President and CEO Nguyen Xuan Cuong affirmed.
PV Drilling’s President and CEO Nguyen Xuan Cuong, Director of PVD DD Lai Hoang Anh, and Director of PVD Offshore Tran Thanh Tan visit, send encouragements and extend New Year wishes to the staff working on the PV DRILLING VIII rig
On this occasion, Mr. Lai Hoang Anh – Director of PVD Drilling Division – the subsidiary assigned by the Corporation to reactivate, manage and operate the PV DRILLING VIII, shared that he felt both pressure and pride in taking on this significant responsibility. The leader of PVD DD expressed gratitude for the sharing, guidance, and care of the President and CEO and promised to maintain their commitment to the Board of Management to implement the project on the set schedule.
The PV DRILLING VIII in Labuan (Malaysia)
To put this rig into operation, PVD DD had to face challenges, among which technical issues were the most difficult problem that the staff had to work together to solve. This was also the first time PV Drilling independently implemented the reception and reactivation of a drilling rig abroad with its own specific difficulties. However, based on the achievements gained in the process of managing and operating the Corporation's jack-up rigs, especially the experience of implementing difficult and complex drilling projects at home and abroad, the Board of Management from both the Corporation and PVD DD are confident that the staff of the PVD DD and subsidiaries jointly implementing this project will successfully complete the assigned tasks.
Leaders of the Corporation and subsidiaries inspecting items on the drilling rig
In the atmosphere of the 2025 Lunar New Year of the Snake, PV Drilling’s President and CEO Nguyen Xuan Cuong and PVD DD’s Director Lai Hoang Anh sent words of encouragement and wished all employees a warm and joyful New Year away from home; wishing employees' families a year of good health, prosperity, and happiness.
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The PV DRILLING VIII rig, invested in by PV Drilling in 2024, is part of a plan to expand the fleet of jack-up rigs to supply for the domestic and Southeast Asian markets. Accordingly, the PV DRILLING VIII rig reception and upgrade project includes two main phases: Phase 1 is a partial start-up in Labuan (Malaysia) from the end of December 2024 and is expected to tow the rig to Vietnam in February 2025; phase 2 is the complete reactivation of the rig in Vung Tau, including trial runs, acceptance testing, and readiness for operation, with the goal of completion in August 2025.
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PV Drilling's PR Team.