PV DRILLING I to drill Su Tu field cluster from March 2026
The PetroVietnam Drilling & Well Service Corporation (PV Drilling) has announced that its jack-up rig PV DRILLING I will return home from Malaysia after wrapping up its campaign to provide services for Cuu Long Petroleum Operating Branch-PetroVietnam Exploration Production Corporation (PVEP Cuu Long) in March 2026.
Under the signed contract, PV Drilling will supply the PV DRILLING I jack-up rig to PVEP Cuu Long, with three wells in the Su Tu (Lion) field cluster, Block 15-1, with an expected duration of 249 days.
Operational in 2007 as PV Drilling’s first offshore jack-up rig, PV DRILLING I has consistently delivered wells ahead of schedule across 18 years, slashing costs for domestic and foreign oil and earning repeated client praise. PV DRILLING I also serves as a proud training ground for PV Drilling’s onshore and offshore management teams.
PVEP Cuu Long, a long-time partner, previously worked with the same rig when it drilled Vietnam’s deepest well to date, the 7,300m SNN3P in 2014, penetrating the granite basement of the Cuu Long Basin. PVEP Cuu Long said it anticipates the rig will replicate its track record of safe, efficient and successful operations in the forthcoming campaign.
PV DRILLING III sets new record for longest drilling rig in Malaysia
The self-elevating offshore drilling rig PV DRILLING III, owned by PetroVietnam Drilling and Well Services Corporation (PV Drilling) has recently set a new record for the longest one in Malaysia at 6,963m for its customer Hibiscus Oil & Gas Malaysia Limited (HML).
