Petrovietnam Drilling and Well Services Corporation Sustainability Profile
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.
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.
Industry Benchmark
Petrovietnam Drilling and Well Services Corporation's score of 2 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petrovietnam Drilling and Well Services Corporation's reported carbon emissions
In 2018, Petrovietnam Drilling and Well Services Corporation reported carbon emissions of approximately 678,000 kg CO2e from fuel consumption of diesel oil, alongside an additional 208 kg CO2e from general solid waste. The emissions data for 2017 indicated a total of about 170,000 kg CO2e from hazardous waste and 1,000 kg CO2e from diesel oil consumption. Notably, the company has not disclosed specific Scope 1, 2, or 3 emissions data, nor have they set formal reduction targets or climate pledges. As a current subsidiary of Petrovietnam Drilling and Well Services Corporation, the emissions data is cascaded from the parent organisation. Despite the absence of specific reduction initiatives or commitments, the company operates within an industry context that increasingly prioritises sustainability and carbon footprint reduction.
How Carbon Intensive is Petrovietnam Drilling and Well Services Corporation's Industry?
How Carbon Intensive is Petrovietnam Drilling and Well Services Corporation's Location?
Petrovietnam Drilling and Well Services Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Petrovietnam Drilling and Well Services Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
