Petrovietnam Drilling and Well Services Corp 2017 IR
The report highlights PV Drilling's resilience during the 2017 oil industry recession, achieving a revenue of VND 3,891 billion and a profit after tax of VND 45 billion. A major success was the expansion into international markets, with four out of six rigs operating overseas in countries like Myanmar, Malaysia, Thailand, and Algeria by year-end. The company maintained an outstanding operational efficiency of over 98% and an impeccable safety record, with several rigs reaching significant Zero Lost Time Incident (LTI) milestones. PV Drilling also focused on corporate restructuring, cost reduction, and the implementation of an Enterprise Risk Management system to ensure long-term sustainability.
Company: Petrovietnam Drilling and Well Services Corp
Sector: Mining & quarrying
Country: Vietnam
Year: 2017
Type: IR
Pages: 120
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Petrovietnam Drilling and Well Services Corp
Integrated Annual Report
The report highlights PV Drilling's resilience during the 2017 oil industry recession, achieving a revenue of VND 3,891 billion and a profit after tax of VND 45 billion. A major success was the expansion into international markets, with four out of six rigs operating overseas in countries like Myanmar, Malaysia, Thailand, and Algeria by year-end. The company maintained an outstanding operational efficiency of over 98% and an impeccable safety record, with several rigs reaching significant Zero Lost Time Incident (LTI) milestones. PV Drilling also focused on corporate restructuring, cost reduction, and the implementation of an Enterprise Risk Management system to ensure long-term sustainability.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees