Petrovietnam Drilling and Well Services Corp 2020 IR
The report highlights PV Drilling's resilience and achievements in 2020 despite the dual challenges of the COVID-19 pandemic and low crude oil prices. The company successfully expanded its operations overseas, marking its first footprint in Cambodia and contributing to the country's first commercial oil flow. PV Drilling maintained a high jack-up rig operating efficiency of over 99.5% and achieved significant safety milestones, including multiple consecutive years of zero Lost Time Incidents (LTI) across its fleet. Financially, the company exceeded its business targets, recording a total revenue of VND 5,229 billion and a net profit of VND 186 billion.
Company: Petrovietnam Drilling and Well Services Corp
Sector: Energy
Country: Vietnam
Year: 2020
Type: IR
Pages: 140
Petrovietnam Drilling and Well Services Corp
Integrated Annual Report
The report highlights PV Drilling's resilience and achievements in 2020 despite the dual challenges of the COVID-19 pandemic and low crude oil prices. The company successfully expanded its operations overseas, marking its first footprint in Cambodia and contributing to the country's first commercial oil flow. PV Drilling maintained a high jack-up rig operating efficiency of over 99.5% and achieved significant safety milestones, including multiple consecutive years of zero Lost Time Incidents (LTI) across its fleet. Financially, the company exceeded its business targets, recording a total revenue of VND 5,229 billion and a net profit of VND 186 billion.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
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
Employees