Offshore - Oil & Gas

PV Drilling to Deploy IDUN for PVEP-HCM Offshore Vietnam Drilling

PV Drilling will mobilize Borr Drilling’s IDUN jack-up rig for PVEP-HCM’s three-well TL-WHP program offshore Vietnam, with the 134-day campaign expected to start in mid-October 2026.

IDUN jack-up rig (Source: PV Drilling)

1, September 2026
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PV Drilling has signed a jack-up rig leasing contract with PVEP-HCM for the 2026 TL-WHP drilling program at Blocks 01/97 and 02/97 offshore Vietnam. The agreement was signed on 28 August 2026.

Under the contract, PV Drilling will mobilize the IDUN jack-up rig from Borr Drilling for the campaign. The program covers three wells at TL-WHP and is expected to last about 134 days, with operations scheduled to begin in mid-October 2026.

PVEP-HCM Director Vu Viet Hung said the rig contract forms part of preparations for the 2026 early drilling program. PVEP-HCM, PV Drilling and Borr Drilling worked on the contractual arrangements ahead of the planned campaign.

PV Drilling President and CEO Nguyen Xuan Cuong said the company will coordinate resources, technical requirements and operational preparations for the drilling work.

According to PVEP President and CEO Nguyen Thien Bao, drilling in the area is being resumed after the previous well was drilled around a decade ago or longer. Current production is approximately 3,000 barrels per day.

Tags: Blocks 01/97 and 02/97, Borr Drilling, IDUN, Jack-up Rig, offshore drilling, offshore Vietnam, PV Drilling, PVEP-HCM, TL-WHP

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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