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PV Drilling Holds Strategy Review Conference and OECD-Aligned Corporate Governance Training

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Over three days, from 24 to 26 September 2026, in Vung Tau Ward, Ho Chi Minh City, Petrovietnam Drilling and Well Service Corporation (PV Drilling) held a conference to review its Development Strategy to 2030, with a vision to 2050, and its Five-Year Plan for 2026–2030, followed by a training program on corporate governance aligned with OECD standards.

In his opening remarks, Mr. Mai The Toan, Chairman of PV Drilling’s Board of Directors, stated that the conference provided an opportunity to review and update the Development Strategy to 2030, with a vision to 2050, based on the results and changes observed after nearly one year of implementation. In particular, the 2026 Petroleum Law is expected to create new opportunities for oil and gas activities and drilling services, requiring PV Drilling to proactively prepare its resources, capabilities, and investment plans to capitalize on future growth opportunities.

The conference also clarified the roles, responsibilities, and contributions of PV Drilling’s subsidiaries in implementing the 2026–2030 Five-Year Plan, laying the foundation for the Corporation’s effective and sustainable development.

Chairman Mai The Toan emphasized that the comments, perspectives, analyses, and discussions shared during the strategy review would provide valuable input for PV Drilling to further refine and complete its “Strategy to 2030, with a Vision to 2050.

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Photo: PV Drilling Chairman Mai The Toan and President & CEO Nguyen Xuan Cuong chairing the conference to review PV Drilling’s Strategy to 2030, Vision to 2050, and Five-Year Plan for 2026–2030.

Overall, PV Drilling will continue to maintain and strengthen its capabilities in drilling and well technical services, which remain the Corporation’s core business areas. The Corporation will continue investing in technological improvements and modern equipment to create greater value for customers, expand the provision of drilling and well technical services, further develop specialized services for well operations, and strengthen its presence in international markets.

At the same time, PV Drilling will continue improving labor productivity and competitiveness.

For the 2026–2030 Five-Year Plan, the Corporation and its subsidiaries will make strong efforts to achieve the target of double-digit annual growth. In parallel, PV Drilling will pursue its energy transition strategy and explore opportunities to participate in renewable energy and other industrial sectors.

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Photo: Delegates discussing PV Drilling’s strategy at the Strategy Review Conference.

The conference featured presentations from leaders of PV Drilling’s subsidiaries, including PVD Offshore, PVD Tech, PVD Logging, PVD Well Services, and PVD Baker Hughes, together with open discussions and perspectives from members of the Board of Directors and the Board of Management.

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Photo: Delegates discussing PV Drilling’s strategy at the Strategy Review Conference.

In his closing remarks at the conference, Mr. Nguyen Xuan Cuong, President & CEO of PV Drilling, called on the Corporation and its subsidiaries to proactively strengthen their competitiveness and accelerate investment to create new drivers of growth in the coming period.

Against the backdrop of intense competition in the international oil and gas drilling market and increasing pressure on profit margins, PV Drilling needs to continue maximizing the effectiveness of its investments while exploring opportunities to expand internationally and bring the services of its subsidiaries to overseas markets in a professional and competitive manner tailored to the characteristics of each market.

The President & CEO also placed particular emphasis on human resource development, including proactive training and recruitment as well as attracting experts and management personnel from both within and outside the Corporation. On this basis, PV Drilling and its subsidiaries are expected to develop comprehensive plans covering investment, human resources, and markets, striving to achieve double-digit growth during 2026–2030 and establishing a solid foundation for the Corporation’s long-term development strategy through 2050.

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Photo: Overview of the PV Drilling Strategy Review Conference on the Strategy to 2030, Vision to 2050, and Five-Year Plan for 2026–2030.

PV Drilling Conducts OECD-Aligned Corporate Governance Training

Following the Strategy Review Conference, on 25–26 September 2026, PV Drilling conducted a corporate governance training program in Vung Tau, with the objective of moving closer to OECD corporate governance standards.

According to the original article, the program was organized in connection with Resolution No. 79/TW, Resolution No. 29/NQ-CP dated 24 February 2026, and Petrovietnam’s Resolution No. 5432, in support of efforts to improve corporate governance models and apply OECD principles within state-owned enterprises.

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Photo: PV Drilling Chairman Mai The Toan delivering the opening remarks at the practical OECD corporate governance training program on the morning of 25 September 2026.

The OECD corporate governance training program was designed for members of the Board of Directors, the Board of Management, the Head of the Supervisory Board, heads of the Corporation’s departments and offices, directors of PV Drilling’s subsidiaries, as well as managers involved in corporate governance, internal control, and information technology.

The program consisted of three main components:

  • OECD-Aligned Corporate Governance
  • Cybersecurity Risk and AI Governance
  • Risk Management and Internal Control Systems based on the COSO Framework, including the role of the Board of Directors

Through this training program, PV Drilling aims to provide its leadership and management teams with a comprehensive understanding of OECD-aligned corporate governance practices, thereby strengthening transparency, protecting shareholder rights, enhancing Board accountability, building confidence among investors and the market, and supporting long-term value creation and sustainable development.

Source: PV Drilling 

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In the oil and gas, heavy industry, and offshore sectors, the risk of fire and explosion is ever-present due to the presence of flammable fuels, high-power electrical systems, and harsh operating conditions. Ensuring that fire protection equipment and systems are always ready for operation is a mandatory requirement to protect people, property, and maintain the continuity of production activities.

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Scope of Services

PVD Training’s Firefighting Equipment & System Services comprehensively cover all items related to firefighting equipment and systems used in industrial and offshore environments.

We inspect, maintain, and repair portable and fixed fire extinguishers, including powder extinguishers, CO₂ extinguishers, clean agent extinguishers, and other specialized firefighting equipment. Inspections are conducted to assess the technical condition, operational capability, and safety compliance of each device.

In addition, PVD Training provides maintenance and inspection services for fixed firefighting systems, including water-based firefighting systems, foam (AFFF) systems, gas firefighting systems such as FM200, and equivalent systems. The work includes inspecting the condition of pipes, valves, nozzles, activation devices, and related components to ensure the system can operate effectively in the event of a fire or explosion.

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Service implementation process

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First, the technical team surveys the current status of the fire protection and firefighting system, assessing the condition of the equipment, the degree of wear and tear, operational capabilities, and any points that do not meet technical requirements or safety regulations. Based on this, we develop a maintenance and repair plan appropriate to the actual conditions of each project.

During implementation, maintenance, repair, and inspection work is carried out in accordance with technical procedures, with safety supervision and quality control. After completion, the system and equipment are re-inspected to confirm their operational status and level of compliance with safety requirements before being handed over to the customer.

Technical standards and safety compliance

Throughout the entire service provision process, PVD Training strictly adheres to occupational safety requirements and technical standards applicable to fire protection systems in the oil and gas and industrial sectors. Inspection and maintenance activities are carried out in accordance with the investor’s internal regulations, industry technical standards, and relevant legal requirements.

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Value and benefits

PVD Training’s fire protection equipment and system services provide tangible value in enhancing the overall safety of buildings and workers. Properly inspected and maintained fire protection systems help minimize fire and explosion risks, limiting damage to people and property in the event of an incident.

In addition, regular maintenance and technical control of the system helps customers maintain operational readiness and avoid production interruptions due to safety-related issues. The service also contributes to extending the life of equipment and optimizing long-term operating and maintenance costs.

Application Areas

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The role of valve maintenance in industrial operations

In industrial and oil and gas systems, valve-related incidents can have serious consequences such as fluid leaks, loss of pressure control, production line interruptions, and even human safety impacts. Therefore, valve maintenance is not only a routine technical activity but also an important part of asset safety and operation management.

Proper timing and methods of maintenance help:

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Scope of valve maintenance services

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Maintenance activities are performed in accordance with the operating conditions of the equipment, including industrial plant environments and offshore facilities.

Maintenance methods and procedures

PVD Training implements valve maintenance services following strict technical procedures to ensure the quality and reliability of equipment after maintenance.

The process begins with a survey of the system’s current status, collecting information on operating conditions, maintenance history, and technical issues that have arisen. Based on this, the technical team conducts a detailed inspection of each valve, assesses its condition, and determines the items that need maintenance.

After completing the assessment, PVD Training performs appropriate maintenance work to ensure the equipment meets operational requirements. Maintenance results are recorded and reported, serving equipment management and future maintenance planning.

Ensuring system performance and reliability

The goal of valve maintenance services is to ensure that the system always operates stably and meets technical requirements throughout its operating life. Maintaining equipment performance helps the system operate more efficiently, reduces energy losses, and minimizes incidents.

For offshore projects and continuous operation systems, valve reliability is a key factor in ensuring safety and progress. PVD Training’s services help customers proactively control equipment status and maintain stable operating conditions in the long term.

Value and benefits

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Firstly, the service helps minimize downtime, reducing interruptions in production and operation. Additionally, proper maintenance extends the lifespan of the valve system, reduces replacement costs, and optimizes long-term maintenance expenses.

The service also supports customers in technical asset management, enhancing safety and ensuring compliance with technical and safety requirements applicable to offshore plants and structures.

Application areas

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Service Overview

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With a team of engineers and technicians with practical experience in onshore and offshore projects, PVD Training provides E&I solutions tailored to the specific characteristics of each project, ensuring that electrical and control systems meet technical, safety, and environmental requirements.

Scope of Services

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Implementation Process

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Value Delivered

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