PT PetroVietnam Drilling Indonesia (PVD Indonesia) is a joint venture between PV Drilling and reputable partners in Indonesia. PVD Indonesia is established with the aim of expanding PV Drilling’s drilling rigs and well technical services in this promising market.

Indonesia stands out as one of the most dynamic oil and gas exploration and production markets in South East Asia. With a stable and growing demand for drilling rigs, Indonesia holds a particularly strategic role in PV Drilling’s development roadmap for the years to come. Since the first entry into the Indonesian market in 2022, PV Drilling has built strong partnerships with clients and earned high recognition for its expertise in service quality and commitment to operational excellence.

To further leverage these advantages, Joint Venture PVD Indonesia was officially established on May 15, 2025 to create the most favorable conditions for PV Drilling’s next phase of long-term development. With strong back-up from PV Drilling and a dedicated local team of oil and gas professionals, PVD Indonesia is expected to become a key subsidiary to maintain and expand PV Drilling’s drilling services market share in Indonesia. Beyond that, the Joint Venture will also be a bridge in mobilizing the PV Drilling’s collective resources and those of its subsidiaries to deliver integrated technical services, thereby strengthening the competitive edge of the Corporation.