PV Drilling has signed a contract with Zarubezhneft EP Vietnam B.V. to supply a jack-up rig for a development drilling campaign at the Thien Nga – Hai Au field in Block 12/11 offshore Vietnam.
The agreement was signed on 5 May 2026 in Ho Chi Minh City, with senior executives and partner representatives attending the ceremony.
Under the contract, PV Drilling will mobilize a partner-owned jack-up rig to support drilling activities at Block 12/11. The campaign is scheduled to begin in October 2026 and is expected to last around 160 days.
The project forms part of Zarubezhneft EP Vietnam B.V.’s field development activities in Vietnam and reflects continued cooperation between the two companies.
At the signing ceremony, PV Drilling President and CEO Nguyen Xuan Cuong said the company would provide the rig at a competitive rate while supporting a balanced outcome for both sides. Zarubezhneft EP Vietnam B.V. representatives expressed confidence in PV Drilling’s operational capability, professionalism and service quality, citing earlier drilling work carried out successfully.
In 2025, PV Drilling provided rigs for two drilling campaigns for Zarubezhneft EP Vietnam B.V., both of which achieved strong operational performance and full safety compliance.
The latest contract further supports PV Drilling’s role in Vietnam’s offshore drilling market as the drilling sector continues to recover. Alongside operations involving its owned rigs in Malaysia, Brunei and Indonesia, the company continues to supply rigs and technical well services for oil and gas operators in Vietnam.
