With support and close direction from PetroVietnam (Vietnam National Oil and Gas Group), PetroVietnam Investment Consultancy and Engineering Joint Stock Company (PV Engineering) has managed to promote solidarity, initiative, creativity, and gradually proved to be the leader in the field of investment consultancy, project design and management in the oil industry, actively contributing to the development of Vietnam's petroleum industry.
As a member of Vietnam National Oil and Gas Group, PV Engineering was established on the basis of equitisation of PetroVietnam Investment Consultancy and Construction Company (PVICCC), in charge of providing products and services in the field of investment consultancy – designing and managing high quality, environment-friendly projects at competitive prices to meet the increasing requirements of customers inside and outside the petroleum industry. This, in turn, brings high profit, stability for shareholders and creates a challenging and professional environment for employees of the Group. PV Engineering operated under the form of a joint stock company for the first time in 2006, by 2010 the Company's revenue had increased 3.8 times, 3.5 times in profits, 4.6 times in tax budget and the staff’s income increased by 3.0 times. The staff base has developed rapidly and been professionalized with the total number close to 600, mostly engineers, bachelors, masters and young PhDs.
Projects that PV Engineering participate in continuously increase in number, size and complexity, delivering high social and economic effectiveness, and include: pipeline project for Block B – O mon, gas pipeline for Nam Con Son 2, Dung Quat oil refinery, Dung Quat plastic factory, Phu My Fertilizer Plant, Vietnam CNG factory, and Nhon Trach power plant, which contribute effectively to the development of Vietnam National Oil and Gas Group, at the same time strongly affirm PV Engineering brand on the market. This has created the brand name “PV Engineering” with increasing prestige and received high evaluation from the partners in the Group and foreign partners such as Hyundai Engineering, Samsung Engineering, SK, Aker Solutions, and Toyo.
Recently, with the sustainable and in-depth development strategy, the "Design FEED Black Sea Lions rig and pipeline connections between HSD & HST truss" contract undertaken by PV Engineering has affirmed the expansion of strategic venture to the offshore market and gradually dominate the design consultancy market from onshore to offshore, both inside and outside the oil industry. In addition, the contract also marked the remarkable advancement in the Vietnam Designing industry, as PVE was honoured as one of the trailblazers with both the ability and experience to take responsibility and a key role in designing FEED for the rig, which has been the job of foreign design consultancy firms.
PV Engineering Chairman, Mr Do Van Thanh said: PV Engineering’s successful projects have significantly contributed to the improvement of the brand name of Vietnam National Oil Group, and also to complying with the strategy of the Group to improve the design consultancy ability. The period 2011 - 2015 is very important, in which PV Engineering will concentrate on bringing out its advantages to effectively implement the five-year accelerated development plan, period 2011-2015.
The role of consultancy, designing, and project management becomes more and more important. By 2015, in addition to the advantageous areas, the group will focus on survey, design consultancy for offshore projects. Beside traditional customers, the group will also actively expand the market to non-customers of PetroVietnam; seeking opportunities to participate in projects abroad, such as in Venezuela, Russia, Algeria and even in areas such as Laos and Cambodia.
Van Luong
Vietnamese
