- In recent interview with the PetroTimes, PVD management showed confidence in Block B getting final investment approval in Q2 2024. Block B work scope include: more than 80 wells from 2025-2026 requiring 2 jack-up drilling rigs, additional production wells (approximately 911 wells) from first gas until the end of the project life, which will ensure an abundant pipeline of work for PVD.
- All of PVD current rigs are being serviced abroad under long-term contracts, including contracts lasting until 2028. PVD is adding 1-2 more rigs and specialized machinery to promptly serve the growing needs of the market, especially the Block B - O Mon super project.
- upside potential from the investment of more jack-up rig(s) with cooperation from a partner.