PVD Offshore

What PVD Offshore does

PVD Offshore Services Company Limited (Công ty TNHH Dịch vụ Kỹ thuật Dầu khí biển PVD) is a Vietnam-incorporated private limited company founded on June 29, 2007, and headquartered in Ho Chi Minh City. It operates as a wholly-owned technical services subsidiary of PV Drilling (PetroVietnam Drilling and Well Services Corporation), itself part of the state-owned Petrovietnam group. The company delivers three integrated service lines to oil and gas operators and drilling contractors: (1) Inspection, Maintenance, Repair and Mechanical Fabrication Services encompassing NDT inspection (EMI, MT, PT, UT, ET), CNC machining, lifting gear certification, high-pressure tubular cleaning up to 15,000 psi, make-up/break-out torquing to 115k lbf, structural and hardband welding, hydrostatic pressure testing, and IRATA-certified industrial rope access; (2) Manpower Supply Services providing certified drilling, marine, and maintenance crews deployed simultaneously to 15–16 rigs; and (3) Environmental Incident Response and Maritime Services, including oil spill response, where the company holds over 90% market share in Vietnam after 20+ years of operations.

The technology base centers on nearly 20,000 m² of workshop and warehouse infrastructure at the Ho Chi Minh City PTSC Port site, housing multi-axis CNC machines, NDT inspection laboratories, high-pressure water cleaning systems, and continuous torque machines with Torque/Turn/Time chart recording. The company maintains an extensive portfolio of international certifications and OEM approvals—API Monogram and API-5CT, ISO 9001/14001/45001, ABS, LEEA, DROPS, Vietnam Register, IRATA, Grant Prideco (NOV), TENARIS, TPS Multiseal, Postle, ARNCO, and Dura-Metal—that qualify it to service major international operators. Environmental response is supported by a main base in Vung Tau (380m jetty, 800m² warehouse, 6,000m² area) and six coastal standby stations (Hai Phong, Da Nang, Quang Ngai, Vung Tau, Ca Mau, Phu Yen), with over 2,000m of offshore oil boom, 4,000m of river oil boom, and skimmers rated up to 800 tons/hour.

PVD Offshore earns revenue through enterprise B2B project-based and staffing contracts with oil and gas operators (including Shell, Chevron, TotalEnergies, ENI, Petronas, Murphy Oil, Vietsovpetro, PVEP), international oilfield service firms (Baker Hughes, Schlumberger, Halliburton, Weatherford), and its parent PV Drilling. Pricing is negotiated contract-by-contract and not publicly disclosed. The company is now extending into Japan via JTAD membership and into geothermal/CCS drilling verticals, while its newly granted API-5CT license enables OCTG coupling and pup joint manufacturing as a fourth revenue line.

Name

PVD Offshore

Legal name

PVD Offshore Services Company Limited

Website

https://pvdoffshore.com.vn

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

PVD Offshore is a Ho Chi Minh City-based subsidiary of PV Drilling providing inspection, maintenance, repair, fabrication, certified manpower, and environmental incident response services to oil and gas operators across Vietnam, Southeast Asia, Japan, the Middle East, and West Africa.

Ownership category

akta.pro rank

Product category

Oil and Gas Technical Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industry

Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC) (EUALABAO)

Keywords

• Oil and gas services
• Drilling equipment maintenance
• Manpower supply offshore
• Oil spill response
• NDT inspection services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Inspection, Maintenance, Repair and Mechanical Fabrication Services: PVD Offshore provides comprehensive workshop and on-site inspection, maintenance, repair, and mechanical fabrication services for oil and gas drilling equipment. Services include NDT inspection, lifting gear certification, mechanical machining, structural welding, hard-band welding, drilling jar service, make-up/break-out, PRV services, HP pressure testing, tubular cleaning, and rope access. Revenue is earned through project-based service contracts, typically billed per service event or contract terms.
2. Manpower Supply Services: PVD Offshore supplies skilled and certified personnel (engineers, technicians, specialized workers) to oil and gas drilling rigs operating in Vietnam and internationally. Personnel include drilling crew, marine crew, maintenance crew, and rig officers. Revenue is generated through staffing contracts, with 100% of personnel having complete legal documentation and international professional certifications.
3. Environmental Incident Response and Maritime Services: PVD Offshore provides oil spill response, environmental incident management, and maritime services including environmental response planning, professional training (OPRC), vessel/facility cleaning, equipment supply, port berth rental, and vessel/floating facility rental. With over 20 years of deployment and more than 90% market share in Vietnam, this service operates from a main base in Vung Tau and 6 standby stations across Vietnam.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

PVD Offshore provides technical services to the oil and gas industry through three core service lines: (1) inspection, maintenance, repair, and mechanical fabrication services for drilling equipment including NDT testing, lifting gear certification, CNC machining, hard-band welding, high-pressure tubular cleaning, and IRATA rope access; (2) manpower supply services delivering certified drilling, marine, and maintenance personnel to offshore rigs; and (3) environmental incident response and maritime services including oil spill response, environmental planning, port berth rental, and vessel rental across Vietnam's coastline.

Product overview

PVD Offshore offers three core service lines: (1) Inspection, Maintenance, Repair and Workshop Services encompassing NDT inspection, lifting gear, CNC machining, welding, tubular cleaning, and rope access; (2) Manpower Supply Services providing skilled personnel for drilling rigs, marine vessels, and maintenance operations; and (3) Environmental Incident Response and Maritime Services including oil spill response, port services, and maritime logistics. The company operates from facilities in Ho Chi Minh City and Vung Tau with nearly 20,000 m² of workshops and warehouses.

Differentiator

Problem solved

Functional benefit

Products and services

• Inspection, Maintenance, Repair and Workshop Services Comprehensive inspection, repair, maintenance, and mechanical fabrication services for oil and gas drilling equipment. Services include NDT inspection (EMI, MT, PT, UT, ET), lifting gear services, mechanical workshop operations, structural welding, hard-band welding, drilling jar service, make-up/break-out, PRV service, HP pressure testing, tubular cleaning, and industrial rope access for oil and gas operators and drilling contractors.
• Manpower Supply Services Professional manpower supply for the oil and gas industry, providing skilled engineers, technicians, and specialized workers including drilling crew, marine crew, maintenance crews, and rig officers for offshore drilling operations domestically and internationally, including geothermal and CCS drilling in Japan. Over 750 drilling technicians are supplied continuously with 100% complete legal documentation and international professional certifications.
• Environmental Incident Response and Maritime Services Professional environmental incident response and maritime services for oil and gas exploration, exploitation, and transportation. Includes oil spill response, environmental emergency planning, maritime logistics, port services, vessel/facility cleaning, equipment supply, port berth rental, and vessel/floating facility rental, operating from a main base in Vung Tau and six standby stations across Vietnam (Hai Phong, Da Nang, Quang Ngai, Ca Mau, Phu Yen).
• API-5CT Licensed Manufacturing of Casing/Tubing Couplings and Pup Joints API-5CT licensed manufacturing of Casing Couplings, Tubing Couplings, Casing Pup Joints, and Tubing Pup Joints to API-5CT standards covering material grades J55, K55, L80, N80, R95, T95, P110, and Q125, enabling participation in the global oil and gas supply chain.

Quantifiable outcome

• 100% customer satisfaction for Environmental Incident Response and Maritime Services (2025)
• +6 more outcomes

Named customers22 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core, major and supporting.

• Japanese Technical Association of Drilling (JTAD)coreTechnology or Integration · 15 May 2026PVD Offshore was officially admitted as a member of JTAD at the association's Annual General Meeting in Tokyo on May 15, 2026. This membership provides access to approximately 65 member companies, facilitates technology exchange, professional networking with Japanese drilling companies, and supports market expansion in Japan and internationally.
• NMC (Japan)majorStrategic or Co-development Partner · 10 April 2026NMC is one of PVD Offshore's key customers in Japan. On April 10, 2026, NMC's senior leadership visited PVD Offshore's Vietnam office to review cooperation, assess future opportunities, and discuss 2026 activity plans. NMC also serves as a bridge to introduce PVD Offshore to the Japanese Technical Association of Drilling (JTAD).
• Japan Well Services Co., Ltd.coreStrategic or Co-development Partner · 10 April 2026Represented by Mr. Tsuyoshi Abe, Japan Well Services participated in the Japanese delegation visiting PVD Offshore on April 10, 2026. The company is part of PVD Offshore's growing Japanese customer and partner network.
• Borr DrillingcoreChannel Partner/ Reseller/ Distributor · 2 February 2026Borr Drilling provides chartered jack-up rigs (Thor, Gunnlod) that PV Drilling/PVD Offshore deploys for drilling campaigns for clients including PVEP-Cuulong and Thang Long JOC. This partnership enables PV Drilling to meet client demand when its owned rigs are fully deployed.
• NASOS - Trung tâm ứng phó sự cố tràn dầu quốc gia phía NamcoreStrategic or Co-development PartnerPVD Offshore collaborates with NASOS (National Oil Spill Response Center - Southern Vietnam) to manage oil spill response operations in southern Vietnam. This partnership is central to PVD Offshore's environmental incident response service, which holds 90%+ market share in Vietnam.
• DNV (DNV GL)supportingTechnology or IntegrationDNV-certified procedures are used for PVD Offshore's lifting gear services. DNV has certified the company's lifting gear inspection and testing processes.
• American Bureau of Shipping (ABS)supportingTechnology or IntegrationABS issues Certificate of Recognized Service Supplier to PVD Offshore, confirming qualified service capability for ABS-classed vessels and offshore structures.
• Lifting Equipment Engineers Association (LEEA)supportingTechnology or IntegrationPVD Offshore is a full member of LEEA, with its lifting gear services following LEEA standards and procedures.
• Dropped Objects Prevention Scheme (DROPS)supportingTechnology or IntegrationPVD Offshore holds DROPS Certificate of Membership, participating in the international programme for prevention of dropped object incidents in oil, gas, and offshore operations.
• PetroVietnam Drilling and Well Services Corporation (PV Drilling)coreOthersPV Drilling is the parent company and primary client of PVD Offshore. PVD Offshore is a subsidiary (Công ty TNHH) that provides manpower, technical, and environmental services supporting PV Drilling's jack-up rig fleet operations. PV Drilling celebrated its 25th anniversary in 2026.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SOCOTEC Group: Global TIC services provider offering asset integrity, NDT inspection, and certification across energy and infrastructure markets. Comparable as a broader incumbent competing for inspection, integrity, and certification work that PVD Offshore serves in the oil & gas sector.
• Halliburton Company: Global oilfield services major providing drilling, completions, and production services across upstream operations. Comparable as a broad incumbent offering integrated OFS that overlap with PVD Offshore's IMR and manpower services; also currently a customer of PVD Offshore.
• Bureau Veritas: Global testing, inspection, and certification (TIC) giant providing marine, offshore, and industrial certification services worldwide. Competes with PVD Offshore's NDT, lifting gear, and equipment certification services while also being a standards body whose certified procedures PVD Offshore uses.
• SLB (Schlumberger): Global oilfield services major providing drilling, evaluation, and production solutions. Comparable as a broad incumbent whose integrated services portfolio overlaps with PVD Offshore's offerings while also being a current customer of PVD Offshore in Vietnam.
• Baker Hughes Company: Global energy technology and oilfield services company providing drilling, evaluation, and equipment solutions. Comparable as a broad incumbent offering services that overlap with PVD Offshore's inspection and equipment business while also being a current customer in Vietnam.
• DNV AS: Norwegian classification society and TIC provider for maritime and energy industries. Comparable as a broad incumbent providing certification standards and inspection services that overlap with PVD Offshore's marine and oil & gas inspection offering; DNV-certified procedures are already used by PVD Offshore.

Direct peers

• Vallianz Holdings Limited: Singapore-based offshore support vessel operator and marine services provider serving the offshore oil & gas industry in Southeast Asia and the Middle East. Comparable to PVD Offshore's maritime and offshore services components, serving similar regional offshore rig clients.
• Velesto Energy Berhad: Malaysian offshore drilling contractor operating a fleet of jack-up rigs serving Southeast Asian and regional markets. Highly comparable to PV Drilling (PVD Offshore's parent) and uses similar outsourced IMR and manpower service providers in its rig operations.
• Sapura Energy Berhad: Malaysian integrated oil & gas services company providing drilling, offshore installation, and operations & maintenance services. Comparable to PVD Offshore as a regional integrated offshore services provider with overlapping service lines and regional IOC client base.
• Mermaid Maritime Public Company Limited: Thailand-based offshore oil & gas services provider specializing in subsea inspection, ROV operations, and offshore support vessel services. Highly comparable to PVD Offshore as a Southeast Asian offshore services company serving similar IOCs and OFS clients in the regional rig market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pvdoffshore

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PVD Offshore