PVD OVERSEAS

Introduction

PV Drilling Overseas, a joint venture with 80% ownership by PV Drilling, was established in Singapore on 4/4/2013 with the strategic mission to promote investment in building, managing and operating a modern fleet of offshore rigs, targeting at potential clients in the regional and global markets.


Company name: PV DRILLING OVERSEAS COMPANY PRIVATE LIMITED (PVD OVERSEAS)
Date of establishment: 04/4/2013
Head Office: 75 High street The CO Building Singapore (179435)
Tel: (+65) 9010 0332
Fax: (+65) 6336 6610
Director: Mr.Tran Thanh Toan

March 2015 marked a significant milestone and opened up a whole new horizon ahead for the development of PVD Overseas when the Company completed the construction of the jack-up PV DRILLING VI and successfully organized the Naming Ceremony. Throughout the implementation of the project, PVD Overseas has dedicated an experienced technical team to cooperate with Keppel FELS, which contributed to significant cost & time saving for technical calibration during commissioning stage and promptly bring the Rig into operation.
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As it is the first overseas project PV Drilling contributed capital investment, the success of the project played an extremely important role to lay a firm foundation for the expansion later on. On 27/2/2015, after 19 months of construction, the jack-up PV DRILLING VI has been successfully commissioned and delivered to PVD Overseas. On technical aspect, PV DRILLING VI is the latest generation jack-up rig, a major upgrade version from Keppel FELS’s MOD V B Class Design. With superior built-in features, PV DRILLING VI has received the contract award from PVEP POC for a one-year drilling campaign in Vietnam. Since its launching in March 2015, PV DRILLING VI has maintained a stable operation with perfect safety record and an outstanding average efficiency over 97%.


PVD Overseas set out a long-term strategic vision to become a reputable drilling contractor in the global arena, specialized in provision of modern offshore rigs and drilling services at the premium quality. With a firm foundation on technology, management system, and particularly the total support from the parent company, PVD Overseas has prepared itself with the best premises for further development upon the recovery of the oil and gas market in the future.

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