This latest drilling unit and PetroVietnam Drilling Investment’s (PVD Invest) second rig PV Drilling II, which is already under construction at Keppel FELS, are scheduled for delivery in the fourth quarter of 2009.
The order for PV Drilling II was placed shortly after Keppel FELS delivered the first jackup rig PV Drilling I to PVD Invest two months ahead of schedule.
To meet its tight exploration schedule, PetroVietnam Drilling & Well Services (PV Drilling) intends to make capital investments of around $ 1.7 billion till 2025 to build and operate a fleet of 11 offshore and onshore rigs.
Do Van Khanh, CEO of PV Drilling and chairman of PVD Invest, said: It is estimated that there will be some 900 exploration wells in Vietnam over the next 15 years. We want to position ourselves to capture this market for specialized oil and gas services with the support of a strong and reliable shipyard that can deliver projects punctually, on budget and without incidents.
