2017 Offshore Excellence Awards

4 Acquisition International - Offshore Excellence Awards 2017 Best Upstream Oil & Gas Company in Vietnam PetroVietnamExploration Production Corporation PetroVietnam Exploration Production Corporation (PVEP) is the upstream arm of Vietnam Oil & Gas Group (PetroVietnam), dedicated to the exploration and production of oil and gas. We invited Dr. Ngo Huu Hai, President & CEO to talk us through the Company and provide us with a fascinating overview of the secrets behind its success. Company: PetroVietnam Exploration Production Corporation Head office: 26th Floor, CharmVit Tower, 117 Tran Duy Hung St., Cau Giay, Dist., Hanoi, Vietnam Phone: 0084 4 37726001 Website: www.pvep.com.vn OE170006 Since its initial inception in 1988, PVEP has changed names and forms as well as growing tremendously and contributed remarkably to the national economy. Thanks to the drive and determination of its leaders, the Company is now one of the biggest companies in Vietnam and ranks among the top oil companies in the region. Dr. Ngo outlines the strategies the company has undertaken over the years to ensure its success and how it prides itself on excellence in every aspect of its work. “Here at PVEP, our vision is to become an international and professional oil company among the regional leaders, with global operational capability. In tandem with this, our mission is to conduct business in a safely, environmentally responsible and cost effective manner; sustainably improving financial, technological, and managerial competences; contributing to ensure the national energy security and substantially benefiting the community and all stakeholders. On both a regional and international level, PVEP has become a capable and trusted partner and investor in various projects in Vietnam and around the world, and as such is well on the way to achieving these ambitious goals. “To further accomplish its targets, PVEP will also expand cooperation with existing and potential partners, local and abroad, to leverage experience, resources, technology and benefits. Our current success is due much to collaboration with key partners both domestically and overseas. Since the 70s, Vietnamese people have worked alongside Russian experts in oil and gas exploration and we started collaborating with other international partners since the late 1980s and especially in the 1990s. “Today, thanks to this collaborative approach PVEP is now a trusted partner to many big international, national oil companies and service contractors such as Gazprom, Rosneft, Petronas, ConocoPhillips, ExxonMobil, BP, ENI, Chevron, Talisman, ONGC, PTTEP, Sonatrach, PDVSA, Perupetro, Schlumberger, Halliburton and Baker Hughes. This cooperation has resulted in some of our most successful projects such as top-performing Block 15-1 & Block 16-1 in Vietnam, and the project of Bir Seba in Algeria. “To build upon our success, we will always welcome new partners, both domestic and international, to join and participate in potential oil and gas projects all over the world. To achieve our growth plans and strategies to become a top oil company in the region, we are looking for partners with financial and technical capabilities to complement our own.” This success is, according to Dr. Ngo Huu Hai, based upon the Company’s dedicated workforce, all of whom work hard to ensure the continued success of the company. “PVEP considers human resource as the most valuable asset of the corporation and as the key for future success and development. Our workforce is currently of about 2,000 dedicated employees including of hundreds of high-educated, professional, experienced, skilful and innovatively diligent engineers and experts in multiple specialties, who are well-suited for international business environment. “In order to support them, our welfare and labour policy has been built in such a way that makes human resource become competitive, strategic advantage and play decisive role in accomplishing the company’s development targets. To manage and encourage the employees’ development, we have successfully circulated, throughout the company, a competency and performance appraisal management system that is on par with the international standard. “Fundamentally, PVEP is committed to creating and sustaining a respectful, professional work “To build upon our success, we will always welcomenewpartners , both domestic and international, to joinandparticipate in potential oil andgas projects all over the world.”