#PVDrilling #SwanSeagull #Lot1211 #Zarubezhneft #Petrovietnam #Vietnam Oil #OilGas Drilling #Vietnam Energy #OilGas Technology
PV Drilling has just officially signed a contract to supply jack-up drilling rigs to Zarubezhneft EP Vietnam B.V. to deploy the development drilling campaign at Thien Nga - Hai Au field.
This is an important milestone not only for PV Drilling but also for the entire Vietnam oil and gas industry in the context of offshore exploration and exploitation activities accelerating again.
Project Overview
Category Information
Thien Nga – Hai Au oil and gas field
Oil and gas block 11/12
Investor Zarubezhneft EP Vietnam B.V.
PV Drilling rig supplier
Type of rig Jack-up Rig
Implementation time is 160 days
Campaign launch October 2026
Location Off the Vietnamese continental shelf
Strategic Significance of Swan - Hai Au Mine
Thien Nga - Hai Au field is one of the most important offshore oil and gas development projects in the southern region.
The project is located about 320 km from the coast of Vung Tau, at a water depth of about 78 m, with a total plot area of more than 5,300 km².
This mine is expected to:
1. Increase national oil and gas exploitation output
2. Increase State budget revenue
3. Ensuring energy security
4. Strengthen strategic cooperation between Vietnam and Russia
5. Create more demand for domestic drilling services
⚙️ PV Drilling Continues to Affirm its Number 1 Position
PVD is now a businessLeading oil and gas drilling service in Vietnam and expanding strongly in Southeast Asia.
Highlights of PV Drilling
* Operate many modern jack-up drilling rigs
* Operating in Vietnam, Malaysia, Indonesia, Brunei
* Meets strict international safety standards
* Rig utilization rate is always high
* Prestige with international customers
Vietnam - Russia Cooperation Continues to Expand
Russia and Vietnam have a long-standing oil and gas cooperation relationship with businesses such as:
* Zarubezhneft
* Vietsovpetro
* Gazprom
* Petrovietnam
Zarubezhneft's continued selection of PV Drilling shows that the technical capacity and reputation of the Vietnamese enterprise have been internationally recognized. 
Positive Impact on PVD Stock
The new contract brings many benefits to PV Drilling:
Impact Factor
Increase Positive backlog
Increase revenue Positively
Improved profit margins Positive
Increase Active rig utilization rate
Expanding international cooperation Very positive
In the context of oil prices remaining high and drilling demand recovering, PVD's prospects continue to be evaluated positively.
Implications for National Energy Security
The Thien Nga – Hai Au project contributes to:
* Effective exploitation of domestic resources
* Reduce dependence on energy imports
* Protecting island sovereignty
* Increase industrial presence at sea
️ Acceleration Phase of Drilling Services
In 2026, PV Drilling continuously signed major contracts at:
* Lot 15-1 with PVEP Cuu Long
* Lot 11/12 with Zarubezhneft
* Malaysia, Indonesia and Brunei markets
This thingy shows that the new growth cycle of the oil and gas drilling industry has truly begun.
Overall Assessment
The launch of the drilling program at Thien Nga - Hai Au field is not simply a service contract but a strong signal that:
* Vietnam's offshore exploitation activities are recovering
* Vietnam - Russia energy cooperation continues to be strengthened
* PV Drilling affirms its leading role in the region
* The oil and gas industry enters a new growth cycle
When the rig begins operating in October 2026, this will be one of the most notable drilling campaigns in the Vietnamese energy industry. 
