A PV Drilling rig (Source: pvdrilling.com.vn)

Hanoi (VNA) - The PetroVietnam Drilling and Well Services Corporation (PV Drilling) will provide a drilling rig and drilling related services for Myanmar from October, said PetroVietnam (PVN) on August 22.

Under an agreement with Total E&P Myanmar, PV Drilling will supply its Drilling 1 rig to serve a 164 day drilling campaign in blocks M5 and M6 of Myanmar’s sea. Extensions to the drilling will be discussed after the campaign.

Total E&P Myanmar Director Xavier Preel expressed his belief in the management and operation of PV Drilling as well as the capability of PV Drilling 1 staff.

PV Drilling is capable of completing the campaign in a safe manner at a reasonable price, he added.

PV Drilling Chairman of the Management Board Do Van Khanh pledged that his company will do its utmost to achieve maximum efficiency in the project.

In the context of the world’s sharp fall in crude oil price, resulting in decreasing rig rentals, PV Drilling 1 was awarded the project over 30 other rigs from 10 companies across the world.

Since 2007, PV Drilling 1 has continuously achieved operation without any lost time incident (Zero LTI), as acknowledged by the International Association of Drilling Contractors (IADC).-VNA