Petrovietnam Drilling and Well Services Corp 2018 AR2
The report outlines PV Drilling's performance and strategic initiatives during the 2018 fiscal year, highlighting its resilience amidst a challenging oil and gas market. Despite low day rates, the company successfully expanded its drilling services internationally, with four out of six rigs operating in overseas markets like Malaysia, Algeria, and Thailand. PV Drilling achieved a consolidated revenue of VND 5,500 billion and a net profit after tax of VND 198 billion, significantly exceeding its targets. Additionally, the company maintained an outstanding safety record, with several rigs achieving multiple consecutive years of zero lost-time incidents.
Company: Petrovietnam Drilling and Well Services Corp
Sector: Mining & quarrying
Country: Vietnam
Year: 2018
Type: AR2
Pages: 119
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Petrovietnam Drilling and Well Services Corp
Annual Report
The report outlines PV Drilling's performance and strategic initiatives during the 2018 fiscal year, highlighting its resilience amidst a challenging oil and gas market. Despite low day rates, the company successfully expanded its drilling services internationally, with four out of six rigs operating in overseas markets like Malaysia, Algeria, and Thailand. PV Drilling achieved a consolidated revenue of VND 5,500 billion and a net profit after tax of VND 198 billion, significantly exceeding its targets. Additionally, the company maintained an outstanding safety record, with several rigs achieving multiple consecutive years of zero lost-time incidents.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
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
Employees