By setting up the minimum level of inventory, the company not only pledges to operate the rig safely and effectively, but also can minimize the inventory cost. In addition, the efficient management of supply chains and investing projects has been both greatly impacting upon the TAD operation and ensure to optimize the company operating expenses. Meanwhile, PVD Deepwater guarantees to be a trusty supplier that is always ready for emergency.
To reach the clients’ requirements of quality and effect, “improvement and continuous improvement” is the company motto. Thanks to pay high attention to build up the HSEQ management system, the company can easily measure the effectiveness of jobs, the customer satisfaction, and identify as well as allocate the potential risks that might impact upon productivity. Hence, the preventive solutions and corrective actions are carried on promptly.
Having been well combined between the mentioned factors for years, the company has been successfully operating the TAD with operation efficiency at more than 96%, which is much higher than that of the drilling contractors in the world. Based on the technical and economical standards, the Management Board of company has been gradually bringing PVD Deepwater into the route of “full development”. That is the way PVD Deepwater pledges to create the added value for its customers and investors, which makes the company become a prestigious and reliable drilling contractor in the area and the world.
After completing 16 HPHT wells of the drilling campaign for BienDong POC in Hai Thach and Moc Tinh fields, on September 24, 2019, PV Drilling successfully signed a contract for provision of the semi-submersible tender assist drilling rig - PV DRILLING V with Brunei Shell Petroleum Company Sdn Bhd (BSP).The signed contract has a term of six years, plus two times of two years extension with commencement date of April 1, 2021 to serve for BSP's drilling program in Brunei.