The drilling program encompasses the HSD-8P production well at the Hai Su Den field, with an estimated duration of 70 days. Scheduled to commence in mid-May 2026, the project will be situated at Block 15-2/01 offshore Vietnam's continental shelf. To facilitate this campaign, PV Drilling has successfully mobilized the Gunnlod rig from its strategic partner, Borr Drilling, to provide comprehensive services to Thang Long JOC.
The signing ceremony was attended by senior leadership from Thang Long JOC, PV Drilling, and representatives from Borr Drilling.
Mr. Vu Minh Duc, General Manager of Thang Long JOC, and Mr. Nguyen Xuan Cuong, President & CEO of PV Drilling, formally executed the contract in the presence of all stakeholders.
PV Drilling’s leadership expressed strong confidence in the successful implementation of the HSD-8P drilling campaign, emphasizing strict adherence to the project timeline and cost optimization to meet the high expectations of both Thang Long JOC and its joint venture investors.
Representatives from Thang Long JOC highly commended the long-standing and fruitful collaboration between the two entities. They anticipate that the combined expertise and professionalism of PV Drilling and its partner will ensure high operational efficiency for the HSD-8P project at Block 15-2/01. This initiative is not only pivotal to Thang Long JOC’s extraction objectives but also contributes significantly to the production output targets mandated by Petrovietnam.
Thang Long JOC and PV Drilling together with partner Borr Drilling at the Signing Ceremony.
Throughout 2025, following Petrovietnam’s strategic directive to secure domestic rig supply, PV Drilling successfully arranged drilling units for the majority of oil and gas operators in Vietnam. All chartered rigs have operated safely and with high performance, driving substantial revenue and profit growth for the Corporation’s drilling segment.
The execution of this contract in early 2026 further solidifies PV Drilling indispensable role in safeguarding national energy security in Vietnam.
