2020: Petrovietnam's success has contributed greatly to PTSC

On January 5^th 2021, in Vung Tau City, PETROVIETNAM TECHNICAL SERVICES CORPORATION (PTSC) held a conference to summarize Trade Unions, Youth Unions in 2020, and the Conference of Employees in 2021. 2020 has been a difficult year for the oil and gas industry in general and PTSC in particular because of the effects of the "double crisis" caused by the deep drop in oil prices and the Covid-19 epidemic. In that context, PTSC further affirms its internal forces, which is also the main factor that creates PTSC's capacity to overcome crises.

Attending was Mr. Nguyen Hung Dung – Member of the Board of Directors of Petrovietnam; Chairman of Vietnam Petroleum Trade Union _Nghiem Thuy Lan; Mr. Le Minh Hong, Vice Chairman of Vietnam Petroleum Association, former Deputy General Director of Petrovietnam; Mr. Nguyen Xuan Nhan, former General Director of Oil and Gas Corporation (now Vietnam Oil and Gas Group), Mr Thai Quoc Hiep – former Secretary of the Party Committee, former Chairman of PTSC;

The delegates to the Conference.

The Presidium runs the Conference.

At the conference, Mr. Le Manh Cuong - General Director of PTSC presented the report of the employer in 2020 and orientation and tasks in 2021.

Mr. Phan Thanh Tung - Secretary of Party Committee, Chairman of PTSC's Board of Directors.

Mr Le Manh Cuong - General Director of PTSC.

In the context of such difficulties and many challenges, together with the Group, PTSC has implemented synchronization of response solutions, along with efforts and internal forces, in 2020, PTSC has overcome the "double crisis" to achieve many impressive results, stable growth.

Specialized ship supply services, the result of revenue implemented in 2020 is VND 2,057 billion, reaching 121% of the plan in 2020; Services of Supply, Management, Operation and Operation of FSO/FPSO Vessels, revenue results in 2020 were VND 3,300 billion, up 10% over the same period last year.

Oil and gas port base services: Revenue result in 2020 is VND 1,728 billion, reaching 115% of the plan in 2020. PTSC also continues to promote the expansion and development of logistics services, supplying vehicles, equipment, human resources, anal assistance services for projects and customers both inside and outside the oil and gas industry.

Revenue from transportation, installation, connection, operation, repair, and maintenance of petroleum works implemented in 2020 is VND 3,300 billion, reaching 110% of the plan in 2020, up 117% over the same period last year.

Mr Le Manh Cuong - General Director emphasized that in 2020 PTSC also completed very well the investment, social security, caring for workers, especially caring for employees of PTSC in the natural disaster of floods in the Central region.

Mr Nguyen Tran Toan, Deputy General Director, Chairman of PTSC Trade Union.

For trade union activities, Mr. Nguyen Tran Toan, Deputy General Director, Chairman of PTSC Trade Union briefed some trade union activities, the outstanding labor movement in 2020, and key tasks in 2021.

Mr. Nguyen Hung Dung – Member of the Board of Directors of the Group.

Mr. Nguyen Hung Dung – Member of the Board of Directors of the Group congratulated and warmly praised the exceptionally outstanding results and achievements that PTSC has achieved in a difficult, challenging, and volatile 2020. He affirmed that PTSC is a leading service unit, the pride of Petrovietnam, in the success of Petrovietnam in 2020, has made a great contribution of PTSC.

Chairman of Vietnam oil and gas trade union Nghiem Thuy Lan praised and congratulated the achievements of PTSC Trade Union in 2021.

Signing of the Emulation Covenant in 2021.

Mr. Xuan Thang - Director of PTSC M&C presented the presentation at the Conference.

Mr. Pham Van Hung - Director of PTSC Quang Ngai presented the presentation.

PTSC leaders and delegates at the signing ceremony of the Emulation Covenant.

Leaders of the Group and PTSC leaders awarded the logo honoring outstanding collective in 2020.

PTSC leaders commended the corporation-level initiatives and patents in 2020.

PTSC leaders commended the contest "PTSC learn the law in 2020".

Vietnam Oil and Gas Trade Union President Nghiem Thuy Lan commended outstanding trade union teams in 2020.

PTSC leaders awarded certificates of merit from the Central Business Delegation to excellent organizations and individuals in the delegation's activities in 2020.

Tuan.P.D