Company Profile

  • ptsc-profile-34

  • ptsc-profile-33

  • ptsc-profile-32

  • ptsc-profile-31

  • ptsc-profile-30

  • ptsc-profile-29

  • ptsc-profile-28

  • ptsc-profile-27

  • ptsc-profile-26

  • ptsc-profile-25

  • ptsc-profile-24

  • ptsc-profile-23

  • ptsc-profile-22

  • ptsc-profile-21

  • ptsc-profile-20

  • ptsc-profile-19

  • ptsc-profile-18

  • ptsc-profile-17

  • ptsc-profile-16

  • ptsc-profile-15

  • ptsc-profile-14

  • ptsc-profile-13

  • ptsc-profile-12

  • ptsc-profile-11

  • ptsc-profile-10

  • ptsc-profile-09

  • ptsc-profile-08

  • ptsc-profile-07

  • ptsc-profile-06

  • ptsc-profile-05

  • ptsc-profile-04

  • ptsc-profile-03

  • ptsc-profile-02

  • ptsc-profile-01

Company News

PetroVietnam Technical Services Corporation- Twenty Years of Establishment


On 29 May 2013, PetroVietnam Technical Services Corporation (PTSC) hosted an event to celebrate its 20th year of establishment. Having turned up at the ceremony were there high ranking officers from Vietnamese Government, PetroVietnam, PTSC’s board of management and employees. Oil and gas operators and partners in the region also made a positive contribution to the success of the ceremony.

This ceremony is truly an auspicious moment to recall all innumerably challenging journeys over which PTSC has encountered and prevailed.

Established after the merger between Petroleum Services Company and Geophysical and Petroleum Services Company in February in 1993, PTSC wrote the first chapter of its business history by supplying security vessels that did not demand high technological requirements. Through years of development, PTSC has grown into a leading technical service provider in the marketplace by successfully diversifying from marine services into offshore and onshore EPC/EPCIC services, transportation and installation, hook - up and commissioning services, operation and maintenance services, production services (FSO/FPSO/ROV), supply base/port & logistics services, Geographic & 2D/3D Seismic survey services.

The corporation started its business with nearly 850 employees, total assets of less than VND100 billion and revenues of VND180 billion. However, in 2007 - the first fiscal year it operated as a joint stock company, PTSC reached the revenue of VND5,575 billion, and the net profit of VND314 billion.

The year 2010 marked a turning point in the corporation’s development history. The revenue nearly doubled that of 2008 by reaching VND20,238 billion (1.1 billion USD), while the net profit was VND926 billion. Accordingly, PTSC was listed amongst those Vietnamese companies reaching revenue of billions of US dollars. In 2011, PTSC continued to strengthen its position with growing revenue of VND24,312 billion. Remarkably, this figure equaled its 13 - year combined revenue (1993 - 2006).

With its strong growth momentum, in 2012 PTSC’s revenue impressively reached VND28,000 billion, and the profit topped VND1,100 billion. Statistically, after twenty years its revenue increased over 135 times, profits obtained 120 fold - increase, and personnel expanded by eight times.

PTSC’s today - achievements have been built upon a concrete foundation of its employees’ endeavors and sheer passion, quality - driven disciplines as well as the trust and understanding extended by its clients and partners throughout the world. In the new era of development, PTSC will continue to excel itself in delivering exceptional results and satisfaction to domestic and international clients by improving the technology and quality of its mainstream services, emphasized by PTSC’s board of management at the ceremony.