PVD Baker Hughes is a joint venture established between PetroVietnam Drilling and Well Services Corporation (PV Drilling) and Baker Hughes Nederland Holdings B.V., in which PV Drilling holds 51% of the charter capital. The joint venture officially commenced operations on March 31, 2011, under Investment License No. 411022000556 issued by the Ho Chi Minh City People’s Committee on January 26, 2011.
PVD Baker Hughes specializes in providing high-technology oil and gas services such as directional drilling and surveying, measurement while drilling, well logging, coring, drill bit supply, well completions, liner hanger systems, well intervention/workover, fishing services, cementing, coiled tubing, hydraulic fracturing, reservoir stimulation, and production technologies. Building on the transfer of technology, equipment, and personnel from Baker Hughes Vietnam, the company has invested heavily in facilities, logistics bases, and the development of a highly qualified workforce to deliver international-standard services to Vietnam’s oil and gas market.
With a development strategy founded on service quality, advanced technology, and competitive capability, PVD Baker Hughes has quickly established its position in the high-tech drilling services market. After 15 years of operation, PVD Baker Hughes has successfully localized its human resources. Its team of Vietnamese engineers, specialists, and managers has increasingly mastered the technologies, processes, and operations, thereby reducing dependence on foreign resources and ensuring greater proactivity, stability, and sustainability in delivering services to the Vietnamese market.