PVDrilling provides derrick for Kinh Ngu Trang oil field

The southern bourse-listed PetroVietnam Drilling Services Joint Stock Corp (PVDrilling coded PVD) has lately signed the contract for providing automatic oil derrick of PV Drilling II for PVEP Hong Long Co serving for oil pumping campaign in Block 09-2/09, Kinh Ngu Trang oil field.

The concerning party will start carrying out the contract in mid August.
The PV Drilling II will be finished in Singapore in Sep 2010, and transferred to Vietnam for providing oil drilling services for domestic and foreign partners.

After the first five months of this year, PVD reported to gain revenue of 2.4 trillion dong and after tax profit of 280 billion dong.

Vietstock

Tags: Kinh Ngu Trang oil field, PVDrilling, vietnam stock, Vietnam stock market

Posted by VBN on Jun 7 2010. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry