PV Drilling's News

Press release of Mr. Do Van Khanh's prosecution(12/19/2018)

According to the media, on December 18, 2018, the Police Investigation Agency of the Ministry of Public Security issued a Decision to prosecute Mr. Do Van Khanh – a Former President & CEO of Petrovietnam Exploration and Production Corporation (PVEP). The prosecution is to serve the investigation during Mr. Khanh’s leadership at PVEP from August 2010 to November 2015.

On November 31, 2018, Petrovietnam Oil and Gas Group (PVN) approved the Resignation Letter of Mr. Khanh from the position of PV Drilling’s Chairman; and required PV Drilling to conduct the election for the new Chairman pursuant to legal procedures and regulations. The prosecution above-mentioned, therefore, is completely unaffected to PV Drilling’s current business activities during the time Mr. Khanh worked at PV Drilling as The Chairman from December 2015 to November 30, 2018.

At PV Drilling, Mr. Khanh has always accomplished all the tasks assigned, significantly contributed to corporate governance and restructure PV Drilling in responding to the oil price slump, thereby, reducing negative impacts of PV Drilling's business performance. His contributions are highly appreciation by PV Drilling's management and staff.
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