PV Drilling organized a strategic orientation conference for the 2030-2035 period, with a vision to 2050

PV Drilling’s Board of Management visits the PV DRILLING VIII rig at PTSC downstream port

Jack up PV Drilling III completed mobilization and commenced operation in Indonesia

PV Drilling organized a strategic orientation conference for the 2030-2035 period, with a vision to 2050, to mark a significant turning point in line with the new development strategy of the Vietnam National Industry - Energy Group (Petrovietnam), extending beyond traditional oil and gas to include renewable energy, low-carbon technology, clean technology, high technology, carbon markets, and energy services.

President and CEO Nguyen Xuan Cuong presents PV Drilling’s strategic orientation for the 2030-2035 period, with a vision to 2050

The conference heard PV Drilling's President and CEO, Nguyen Xuan Cuong, present the draft strategic orientation for the medium and long term. The conference also received presentations/opinions/perspectives on the Corporation's vision/mission, as well as outlining competitive strengths, challenges, and opportunities for each subsidiary. Simultaneously, the opinions also provided additional solutions to leverage existing advantages, investment directions, and development strategies in new fields, especially renewable energy and energy services, etc.

PV Drilling's medium and long-term strategic direction will continue to consolidate its leading position in traditional drilling and oil and gas technical services, prioritizing the application of AI technology in drilling operations to enhance operational efficiency, optimize operating costs, ensure safety, and focus on research and development (R&D) and building a service supply chain. Concurrently, the Corporation places special emphasis on expanding the market share of drilling-related services abroad, integrating with drilling rigs currently operating in the Southeast Asian region. In this, service quality and safety play critical roles. Furthermore, PV Drilling will actively seek investment and development opportunities in new, potential segments within the renewable energy/energy services sector. Alongside this, the Corporation will continue to pursue sustainable development linked to building an ESG roadmap into the business strategy of each subsidiary, viewing this as a long-term investment for the future. This demonstrates PV Drilling's strong commitment to diversifying revenue and profit sources, creating long-term value for investors, shareholders, partners, and the community, and achieving sustainable development.

Delegates contributing opinions to the strategic orientation at the conference

Chairman of the Board of Directors, Mai The Toan, delivered concluding remarks, emphasizing that the feedback, perspectives, analyses, and discussions at the conference serve as valuable data for PV Drilling to reference, supplement, and finalize its “Strategy for the 2030-2035 period, with a vision to 2050”.

PV Drilling