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Crude Oil Extraction
VN
updated 10 days ago

Petrovietnam Drilling and Well Services Corporation

Company website

Petrovietnam Drilling and Well Services Corporation, commonly known as PV Drilling, is a leading player in the oil and gas industry, headquartered in Vietnam. Established in 2001, the company has rapidly expanded its operations across major regions, including Southeast Asia and beyond, solidifying its position in the drilling and well services sector. PV Drilling offers a comprehensive range of services, including drilling rigs, well services, and engineering solutions, distinguished by their commitment to safety and innovation. The company has achieved significant milestones, such as the successful deployment of advanced drilling technologies, which enhance operational efficiency and reduce costs. With a strong market presence and a reputation for reliability, PV Drilling continues to be a key contributor to Vietnam's energy sector and the broader regional market.

DitchCarbon Score

How does Petrovietnam Drilling and Well Services Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

8

Industry Average

Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

12

Industry Benchmark

Petrovietnam Drilling and Well Services Corporation's score of 8 is lower than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

35%

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Petrovietnam Drilling and Well Services Corporation's reported carbon emissions

Petrovietnam Drilling and Well Services Corporation, headquartered in Vietnam, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of the Vietnam Oil and Gas Group, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Petrovietnam Drilling and Well Services Corporation. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate strategy. Given the context of the oil and gas industry, it is essential for companies like Petrovietnam Drilling and Well Services Corporation to establish clear emissions reduction targets and commitments to align with global climate goals. The lack of available data highlights an opportunity for the corporation to enhance its transparency and accountability in addressing climate change.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Petrovietnam Drilling and Well Services Corporation's primary industry is Crude petroleum and services related to crude oil extraction, excluding surveying, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Petrovietnam Drilling and Well Services Corporation is in VN, which we do not have grid emissions data for.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Petrovietnam Drilling and Well Services Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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