PetroVietnam Drilling and Well Services Corporation (PV Drilling) has signed a contract with Phu Quoc Petroleum Operating Company (PQPOC), a branch of the Vietnam National Energy Industry Group, for the use of the 400-ft jackup rig PV Drilling VI in a major offshore development campaign scheduled for 2027.
The agreement covers drilling operations for the Block B&48/95 and Block 52/97 field development project located offshore Southwest Vietnam. Under the contract, PV Drilling VI will drill 40 development wells over approximately 305 days. The rig is expected to begin deployment between March 2027 and August 2027.
Built in 2015 to the Keppel FELS MOD VB design, PV Drilling VI is currently operating in Malaysia and will remain there until early 2027, before returning to Vietnam for the PQPOC campaign.
PV Drilling said the contract maintains the domestic drilling market share and supports revenue and financial efficiency, aligning with Petrovietnam’s value-chain objectives.
Financial terms were not disclosed.
Earlier this year, PQPOC awarded a separate contract to Velesto’s Naga 4 jackup rig for a similar drilling programme in Vietnam, which is scheduled to commence in Q2 2026 and includes drilling more than 40 wells.
Source: Esqian, Sprash247
