Petrovietnam Marine Shipyard
- Company typePublic
- Founded2007
- HeadquartersVung Tau, Vietnam
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Petrovietnam Marine Shipyard firmographics
Firmographics- Name
- Petrovietnam Marine Shipyard
- Legal name
- Công ty Cổ phần Chế tạo Giàn khoan Dầu khí (PetroVietnam Marine Shipyard Joint Stock Company)
- Website
- https://pvshipyard.com.vn
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Petrovietnam Marine Shipyard industry classification
Industry- Product category
- Offshore Structure Fabrication
- NAICS
- Ship Building and Repairing (336611), Ship and Boat Building (3366), Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Ship & Boat Building & Repairing (3730), Heavy Construction Other Than Bldg Const - Contractors (1600)
- akta.pro primary industry
- Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI)
- akta.pro secondary industries
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Offshore Vessel Life Extension, Major Conversion & Rebuild (EPC/Integration) (IMAJACAJ), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG)
Keywords
Where Petrovietnam Marine Shipyard is headquartered
LocationHeadquarters
- HQ city
- Vung Tau
- HQ country
- Vietnam
- HQ region
- Asia
Offices2 records
Markets served
Petrovietnam Marine Shipyard business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales
Revenue model
- EPC Services: Engineering, Procurement and Construction services for offshore oil & gas and wind energy projects. Project-based contracts with duration ranging from months to years.
- New Building: Construction of new vessels, barges, and offshore structures including jack-up rigs for domestic and international clients.
- Repair & Conversion: Repair, upgrade, and conversion services for drilling rigs and offshore structures.
- Port & Logistics Services: Logistics, port, and yard services supporting offshore operations.
- Offshore Wind Steel Structures: Fabrication of steel structures for offshore wind projects including HVDC platforms and OSS components.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Petrovietnam Marine Shipyard product offering
Product offeringCore offering
PV Shipyard designs and fabricates offshore structures for the oil & gas and renewable energy sectors, including self-elevating jack-up drilling rigs, jackets, topsides, liftboats, HVDC platforms, and complete offshore substations. The company provides integrated EPC (Engineering, Procurement and Construction), new build, repair, conversion, port logistics, and energy module (PAR, PAU, E-House) services from its main yard in Vung Tau, Vietnam.
Product overview
Petrovietnam Marine Shipyard (PV Shipyard) is a Vietnamese shipbuilding and offshore fabrication company offering integrated services through five core business lines: EPC (Engineering, Procurement, Construction and Installation) covering topside, jacket, liftboat and jackup fabrication; New Built, Repair and Conversion services; Port and Logistics; Energy (PAR and PAU New Build); and E-House electrical module fabrication. The company has evolved from traditional oil and gas fabrication (notably the Tam Dao 03 and Tam Dao 05 jack-up rigs, Vietnam's first domestically manufactured offshore drilling rigs) into offshore wind energy, delivering HVDC steel structures and complete offshore substations (OSS) for international renewable energy projects. Notable products include jacket and topside fabrication (largest projects ~1,600 tons), feed barges (1,000-1,200 tons, capacity 25 units/year), and recent entry into European offshore wind HVDC markets with ~5,500-ton auxiliary structures per unit.
Differentiator
Problem solved
Functional benefit
Products and services
- EPC (Engineering, Procurement and Construction) Full-scope Engineering, Procurement and Construction services including fabrication of topside, jacket, liftboat, and jackup structures for offshore oil and gas as well as renewable energy projects, targeting oil & gas operators and offshore wind developers.
- New Built, Repair & Conversion Shipbuilding, repair, upgrading and conversion services for various types of offshore rigs and vessels, offered to drilling contractors and offshore operators.
- Port & Logistics Services Port operations, logistics support, and berthing services for vessels and offshore structures, supporting offshore project operations.
- Energy (PAR & PAU New Build) New construction of Production Accommodation Rigs (PAR) and Production Above-water Units (PAU) for offshore energy applications, serving oil & gas operators.
- E-House Electrical house/module fabrication and installation services for offshore platforms, providing integrated electrical infrastructure for offshore structures.
- Tam Dao 03 Jack-Up Rig Self-elevating drilling rig for 90-meter water depth, weighing approximately 12,000 tons with 145m leg length. Vietnam's first domestically manufactured 90m water depth jack-up rig, certified by ABS and based on Friede & Goldman JU-2000E design.
- Tam Dao 05 Jack-Up Rig Self-elevating drilling rig designed for 120-meter water depth, weighing over 18,000 tons with 167m hull length. Largest domestically designed and manufactured jack-up rig in Vietnam, based on Friede & Goldman JU-2000E design.
- Jacket and Topside Fabrication Fabrication of jackets and topsides for offshore platforms, serving oil & gas operators in domestic and international markets. Largest jacket project weighing approximately 1,600 tons; four jackets completed.
- Feed Barge New Build New construction of feed barges weighing 1,000-1,200 tons, serving offshore oil & gas operators. Company has capacity to build up to 25 units per year, with 7 barges completed.
- HVDC Offshore Wind Steel Structures High Voltage Direct Current (HVDC) auxiliary steel structures including Loadout Support Frames (LSF) and Skid Beams for European offshore wind substation projects, with total weight approximately 5,500 tons per unit. Fabricated for the TenneT/Seatrium Nederwiek Beta 2GW project in the North Sea.
- Offshore Substation (OSS) Fabrication Complete offshore substation fabrication including jacket foundation (~2,800 tons), piles (~2,700 tons), and topside (~3,500 tons) for offshore wind projects in the Taiwan Strait region, fabricated for Shinfox Far East (SFE).
- LSP Complex Project - Package B&C Construction and installation of Package B&C for the Long Son Oil Refinery (LSP Complex) project in Vietnam, serving the domestic refinery sector.
Quantifiable outcome
- 500,000 safe working hours with Zero LTI on HVDC project completed 75 days ahead of schedule
- +1 more outcomes
Companies that use Petrovietnam Marine Shipyard
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles2 records
Petrovietnam Marine Shipyard technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Petrovietnam Marine Shipyard partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, minor and major.
- TenneTcoreDutch grid operator and developer of the 2GW Nederwiek Beta HVDC offshore wind project in the North Sea. PV Shipyard serves as fabricator of auxiliary steel structures (Loadout Support Frame and Skid Beams) for the project. This marks PV Shipyard's first participation in the HVDC offshore wind supply chain.
- SeatriumcoreInternational EPC contractor and customer for the HVDC offshore wind steel structure project. Seatrium serves as the main contractor coordinating with PV Shipyard for fabrication of components for European offshore wind projects.
- Shipbuilding Industry Corporation (SBIC)minorState-owned shipbuilding corporation under Vietnamese government. Representatives attended the First Steel Cutting Ceremony for HVDC project, indicating industry collaboration.
- Shinfox Far East (SFE)majorCustomer for offshore substation (OSS) fabrication project. PV Shipyard is fabricating complete OSS package including jacket, piles, and topside for offshore wind farm in Taiwan waters.
- VietsovpetrocoreVietnam-Russia joint venture and investor/client for Tam Dao 03 and 05 self-elevating jack-up drilling rigs. Vietsovpetro is the investor while PV Shipyard serves as EPC contractor for these national key mechanical projects.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Petrovietnam Marine Shipyard competitors and assessment
Company assessmentDirect peers
- Seatrium: Singapore-based offshore rig and offshore wind structure fabricator (formed from Keppel O&M and Sembcorp Marine merger). Direct customer/partner on the TenneT Nederwiek Beta HVDC project and a direct competitor in jack-up rig and offshore wind substation fabrication.
- Bladt Industries: Danish fabricator of offshore wind foundations and substations, including HVDC platforms. Directly comparable on European offshore wind OSS and HVDC steel structure supply.
- EEW SPC: German specialist in monopile manufacturing for offshore wind. Relevant peer for large-diameter steel foundation fabrication serving European wind projects.
- Smulders: Belgian/Dutch offshore wind steel structure fabricator specializing in HVDC platforms, OSS jackets, and transition pieces. Closely comparable to PV Shipyard on TenneT/European HVDC supply chain work.
- Sif Group: Dutch manufacturer of monopiles and heavy steel foundations for offshore wind. Comparable as a dedicated offshore wind foundation fabricator supplying European developers.
- Kiewit Offshore Services: US-based offshore structure fabricator serving Gulf of Mexico and European offshore wind markets. Comparable for topside, jacket, and offshore wind steel structure fabrication.
Broad incumbents
- Damen Shipyards: Dutch shipbuilding group with offshore wind service vessel and structure fabrication capabilities. Comparable as a diversified European shipyard entering offshore wind fabrication.
- McDermott: Global offshore EPC contractor with integrated EPCI capabilities for offshore oil & gas and offshore wind structures. A broad incumbent offering overlapping topside, jacket, and substation fabrication services.
- Vard (Fincantieri): Norwegian-Italian offshore and specialized vessel builder (part of Fincantieri). Comparable for offshore vessel construction, rig repair/conversion, and offshore wind support vessel fabrication.
Regional players
- CSSC Haizhuang (Offshore Oil Engineering): Major Chinese offshore EPC and steel structure fabricator with growing offshore wind capabilities. Competes with PV Shipyard in Asian offshore wind tenders and from a lower-cost base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Petrovietnam Marine Shipyard social profiles
Digital presencePetrovietnam Marine Shipyard financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petrovietnam Marine Shipyard leadership team
Management profileNumber of profiles
Profiles5 records
Petrovietnam Marine Shipyard funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petrovietnam Marine Shipyard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petrovietnam Marine Shipyard
What does Petrovietnam Marine Shipyard do?
PV Shipyard designs and fabricates offshore structures for the oil & gas and renewable energy sectors, including self-elevating jack-up drilling rigs, jackets, topsides, liftboats, HVDC platforms, and complete offshore substations. The company provides integrated EPC (Engineering, Procurement and Construction), new build, repair, conversion, port logistics, and energy module (PAR, PAU, E-House) services from its main yard in Vung Tau, Vietnam.
Is Petrovietnam Marine Shipyard a public or private company?
Petrovietnam Marine Shipyard is a public company. It is classified as public and is currently operating.
When was Petrovietnam Marine Shipyard founded?
Petrovietnam Marine Shipyard was founded in 2007. It employs 1,001 to 5,000 people.
Where is Petrovietnam Marine Shipyard based?
Petrovietnam Marine Shipyard is headquartered in Vung Tau, Vietnam, in the Asia region.
How does Petrovietnam Marine Shipyard make money?
Five revenue lines are on record. EPC Services are the primary driver. The others are new Building, repair & Conversion, port & Logistics Services and offshore Wind Steel Structures.
Who are Petrovietnam Marine Shipyard's main competitors?
Direct peers on record are Seatrium, Bladt Industries, EEW SPC, Smulders, Sif Group and Kiewit Offshore Services. Broad incumbents are Damen Shipyards, McDermott and Vard (Fincantieri). CSSC Haizhuang (Offshore Oil Engineering) is listed as a regional player.
Does Petrovietnam Marine Shipyard have an API?
No public API is recorded for Petrovietnam Marine Shipyard.
What industry is Petrovietnam Marine Shipyard in?
Petrovietnam Marine Shipyard's product category is Offshore Structure Fabrication. Its primary akta.pro industry code is EUAMAFAI, Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support), with a secondary code of EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore). Its NAICS code is 336611 and its SIC code is 3730.