Petrovietnam Drilling and Well Services Corp 2016 IR
The report highlights PV Drilling's performance in 2016, a year marked by a severe downturn in the global oil and gas industry. Despite these challenges, the company successfully expanded its operations internationally by securing a contract for the PV DRILLING I rig with Total E&P Myanmar. PV Drilling maintained an outstanding safety record, with its entire fleet achieving zero Lost Time Incidents (LTI), including a milestone of 10 years LTI-free for PV DRILLING I. Additionally, the company completed Phase III of its ERP system to enhance corporate governance and implemented a Cost Optimization and Reduction Project that saved approximately 396 billion VND.
Company: Petrovietnam Drilling and Well Services Corp
Sector: Mining & quarrying
Country: Vietnam
Year: 2016
Type: IR
Pages: 104
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Petrovietnam Drilling and Well Services Corp
Integrated Annual Report
The report highlights PV Drilling's performance in 2016, a year marked by a severe downturn in the global oil and gas industry. Despite these challenges, the company successfully expanded its operations internationally by securing a contract for the PV DRILLING I rig with Total E&P Myanmar. PV Drilling maintained an outstanding safety record, with its entire fleet achieving zero Lost Time Incidents (LTI), including a milestone of 10 years LTI-free for PV DRILLING I. Additionally, the company completed Phase III of its ERP system to enhance corporate governance and implemented a Cost Optimization and Reduction Project that saved approximately 396 billion VND.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Workplace Fatalities
Employees