Business

Oil drilling rig supply contract to Malaysia signed

The Vietnam National Oil and Gas Group’s PV Drilling Company will supply its oil drilling rig to Malaysia ’s Petronas for the first time.
The Vietnam National Oil and Gas Group’s PV Drilling Company will supplyits oil drilling rig to Malaysia ’s Petronas for the first time.

Undera contract to this effect signed in Hanoi on September 8, PVDrilling will sell its self-elevating offshore drilling rig to thePetronas Carigali Vietnam Limited Co.

PV Drilling is currently aleading drilling company in Southeast Asia and it is striving to becomeof Asia ’s three largest companies in this field.

According toPV Drilling, the company signed a three-year contract in July with HoangLong JOC to provide the PV DRILLING rig use in the White Rhinooilfield.

The company estimates its revenues and after-tax profitfor this year will reach 6.5 trillion VND and 950 billion VND,respectively, exceeding the target./.
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