PVD OFFSHORE SERVICES COMPANY LIMITED

PVD OFFSHORE SERVICES COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN DỊCH VỤ KỸ THUẬT DẦU KHÍ BIỂN PVD) is a well-established offshore technical services provider in Vietnam. Founded in 2007, the company has over 17 years of experience in equipment inspection, maintenance, and repair for the oil and gas sector. With headquarters in Vung Tau City, Ba Ria - Vung Tau Province, PVD OFFSHORE SERVICES COMPANY LIMITED is a key player in Vietnam’s offshore drilling and technical service industry.

Business Operations and Industry Expertise

PVD OFFSHORE SERVICES COMPANY LIMITED specializes in a range of services critical to offshore operations, including:

• Inspection, repair, and maintenance of industrial machinery and equipment.
• Oil spill response services, ensuring environmental safety and compliance.
• Drilling manpower supply services, providing skilled labor for offshore drilling projects.

The company is also engaged in wholesale distribution of machinery, equipment, waste, and scrap materials, as well as human resource management for offshore projects. As a state-owned enterprise, PVD OFFSHORE SERVICES COMPANY LIMITED operates under PETROVIETNAM DRILLING & WELL SERVICE CORPORATION (PV Drilling), Vietnam’s leading oil and gas drilling service provider.

Financial Performance and Market Position

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence, financial analysis, and risk assessment, PVD OFFSHORE SERVICES COMPANY LIMITED reported total assets of USD 13.27 million in 2023. However, the company has faced a decline in total sales, dropping by 13.78% year-over-year to USD 16.12 million. Despite this, equity increased by 3.79%, reaching USD 9.48 million, indicating stability in financial backing and operations.

However, profitability has declined, with net profit decreasing by 34.27% in 2023 to USD 1.15 million. This decline highlights ongoing challenges in the oil and gas sector, including fluctuating demand and operational costs. PVD OFFSHORE SERVICES COMPANY LIMITED continues to navigate these challenges by improving operational efficiency and expanding its service portfolio.

Why Choose PVD OFFSHORE SERVICES COMPANY LIMITED?

• Proven Expertise – Over 17 years of experience in offshore technical services.
• Strategic Location – Based in Vung Tau, Vietnam’s key offshore hub.
• Reliable Financial Backing – Owned by PETROVIETNAM DRILLING & WELL SERVICE CORPORATION.
• Diverse Service Portfolio – From drilling support to oil spill response and machinery maintenance.

VBI’s Insights on PVD OFFSHORE SERVICES COMPANY LIMITED

As a leader in business intelligence and financial risk assessment, VANGUARD BUSINESS INFORMATION LLC (VBI) provides in-depth insights into PVD OFFSHORE SERVICES COMPANY LIMITED and its market performance. Despite financial challenges, the company remains a critical player in Vietnam’s offshore sector, backed by PETROVIETNAM DRILLING & WELL SERVICE CORPORATION and its commitment to operational excellence.

With strong government support and industry expertise, PVD OFFSHORE SERVICES COMPANY LIMITED is well-positioned to maintain its role as a trusted offshore services provider in Vietnam. Businesses seeking reliable offshore technical services can benefit from its extensive experience and capabilities.