Branding PTSC to become a prestigious international brand, at the core of high quality Petroleum Technical Services

Towards the 3rd National Party Congress of Vietnam National Oil and Gas Group, the General Party Congress at all levels to the 13th National Party Congress on May 28, 2020, in Vung Tau City, Corporation's Party Committee Vietnam Petroleum Technical Services Joint Stock Company (PTSC) successfully organized the Seventh Delegate Congress, term 2020-2025.

The 7th Party Congress of Vietnam Petroleum Technical Services Corporation.

Efforts to overcome challenges.

Attending and directing the Congress were Mr. Pham Xuan Canh, Standing Deputy Secretary of the Party Committee, Member of the Board of Members of Vietnam National Oil and Gas Group (PVN); Mr. Nguyen Hung Dung, Member of the Party Executive Committee, Member of the Board of Directors of the Group; Mr. Pham Tien Dung - Member of the Party Executive Committee, Deputy General Director of the Group; Mr. Tran Quang Dung - Member of the Editorial Board, Head of the Corporate Communications and Culture Department of the Group; Mr. Pham Quang Dung - Member of the Board of Directors, Chief of Office of the Party Committee of the Group; Mr. Nghiem Thuy Lan - Member of the Editor Board, President of Vietnam Oil and Gas Union; Mr. Vu Thi Thu Huong - Member of the Party Executive Committee, Secretary of the Youth Union, Deputy Head of the Corporate Communications and Culture Department; Mr. Nguyen Xuan Nham - Former General Director of Petroleum Corporation (now Vietnam Oil and Gas Group), former General Director of PTSC; Mr. Le Minh Hong - Vice Chairman of Vietnam Oil and Gas Association, former Deputy General Director of the Group, former Chairman of PTSC Board of Directors; together with the leaders of the Party Committee Office, the Party Committee Inspection Committee, the representatives of the professional departments and member units of the Group.

On the side of PTSC, there were Mr. Phan Thanh Tung - Secretary of the Party Committee, Chairman of the Board of Directors; Mr. Le Manh Cuong - Deputy Secretary of Party Committee, General Director; Mr. Nguyen Huu Hai - Permanent Deputy Secretary of Party Committee, Deputy General Director; with the leaders in the Board of Directors, the Board of Management; representatives of member units; former leader of PTSC in periods; with 175 representatives representing 1639 party members nationwide of PTSC

Mr. Pham Xuan Canh spoke and directed the Congress.

Political reports at the Congress showed that, in the period of 2015 - 2020, PTSC - a combination of the Corporation and units to which the Corporation has contributed capital, faced enormous difficulties and challenges including: both from objective and subjective. The sharp decline in the price of crude oil from the end of 2014 and continuously maintained at a low level so far has caused a very serious and heavy impact on the petroleum industry in general and the business environment ( Business production) of the Corporation in particular. Despite signs of recovery from 2018, crude oil prices continued to fluctuate unpredictably at low levels (under USD 60 / barrel), and are currently suffering from a deep, prolonged decline. at a low price of less than 30 USD / barrel, at a time of sudden mutation (unprecedented, negative oil price (-) 37 USD / barrel), along with the devastating effects of the COVID-19 epidemic. not only for production and business but also for socio-economic life in crisis, fracture, freezing, decline, bankruptcy, human life which is seriously threatened.

However, the PSTC always receives the attention of the Party, the State, the Government, the active support of ministries, branches and localities, the cooperation and support of partners, customers, and attention. high interest and direct guidance of the Party Committee, the Group's Leadership in the process of implementing the Resolution of the 6th Party Congress of the Corporation, term 2015-2020. The Board of Directors, officers, party members and employees (CB-ĐV-NLĐ) make every effort to maintain the pace, stable and sustainable development associated with the Development Strategy. of the Corporation to 2025 and orientation to 2035.

Mr. Phan Thanh Tung presented his political report at the Congress.

With characteristics of production and business activities of the Corporation, it is the technical services of oil and gas serving the activities of searching, exploring, exploiting oil and gas, industry ... for domestic and foreign companies and customers. The volatility of crude oil prices, increased competition pressure due to the need to reduce service prices and the increasing participation of foreign and private contractors with low service prices, even much lower. with the price has greatly influenced the business activities. The Corporation has made efforts to apply a series of drastic, powerful and synchronous solutions to boost business development, cut costs, practice thrift in business and production, including solutions. measures to cut quality costs, etc. to minimize costs, improve capacity, competitiveness, improve business efficiency.

In the period of 2016-2020, the total consolidated revenue of PTSC is estimated at VND 89,729 billion, reaching 117% compared to the 5-year plan adjusted between.

Deputy Secretary of Party Committee, General Director of PTSC Le Manh Cuong.

The PTSC Party Committee has led the organization to review and study the implementation of restructuring contents according to the PTSC restructuring plan for the 2016-2020 period approved by the Group; continue to amend, supplement and complete the system of internal governance regulations, strengthen and clearly define powers and responsibilities of management levels; elaborate and promulgate a system of techno-economic norms applicable; focus on internal control, risk management; rearranging the management and operating system compactly and effectively.

During the past term, PTSC focused, proactively and focused on the construction of corporate culture, the Party Committee of PTSC directed and integrated the implementation of the Petroleum Culture Handbook, Petrovietnam Culture, and PTSC Enterprise Culture in all production and business activities as well as in the collective labor agreement, associated with studying and following Ho Chi Minh's ideology, morality and style. PTSC Party Committee associates the implementation of Directive 05 with Central Resolution 4 (XII term) on building and regulating the Party, gradually consolidating and building the political system in the entire Party Committee. PTSC's Party maintains the viewpoint of sustainable development, taking effective response to customers' requirements on the basis of exploiting and maximizing resources, capacity and cooperating with domestic and foreign partners. . PTSC brand has been continuously recognized in prestigious awards and gradually expanded to potential markets such as Brunei, Malaysia, Myanmar, India, the Middle East ...

Affirming its position, developing stably and sustainably

Mr. Phan Thanh Tung emphasized: Unifying the viewpoint of stable and sustainable development, affirming the position of the leading provider of oil and gas technical services, leading quality in Vietnam, prestige in the region, grow to the world. Gradually increase the market share of services outside the industry and abroad based on own competitive advantages. Promote the role of a member of the Group. Strengthening cooperation with competent partners at home and abroad to improve competitiveness, capacity, develop new types of services, actively acquire new technologies to dominate the domestic market, open expanding to Southeast Asia and the Middle East, the world.

PTSC Party Executive Committee Meeting Session VII, I, term 2020-2025.

PTSC has set a long-term goal of building PTSC to become a prestigious international brand with a high-quality oil and gas technical service sector as well as developing services outside the industry and abroad in accordance with capabilities and strengths. Maintain and stabilize business activities, promote the system of solutions, service packages, service chains. Taking advantage of the context that the oil and gas service market is still facing difficulties but showing signs of recovery, and promoting the healthy financial capacity of PTSC to increase investment, improve capacity and be ready to receive uptrend. Chief in the near future.

PTSC Party Committee Session VII, term 2020-2025 focuses on leading and directing the implementation of political tasks, promoting production and business, development investment; continuously improve the quality, operational efficiency, determination to fulfill and exceed the assigned targets, tasks and plans, focusing on the main fields, maintaining positions and roles. of the Corporation; continue to improve the arrangement, innovation, development and improve the efficiency of production and business activities and investment; focus on solving and removing units, projects and hard work; Implementing well programs of social security, environmental protection, combining production and business development with the tasks of security, national defense, incidents, rescue and fighting against terrorism; take care of jobs, income and life of workers ...

For Party building work, PTSC's Party Committee focused on improving the quality and effectiveness of political ideological work and fostering political theory and Party work; renovate and strengthen Party organizations and improve the quality of Party cell activities; renovating and improving the effectiveness of inspection and supervision; strengthening the leadership of mobilization and political-social unions. The Party Committee of PTSC has thoroughly grasped and directed the implementation according to the development points of view, the overall goals defined in the 2016-2020 5-year plan and the comprehensive development strategy have helped PTSC always have the right and appropriate orientation. with practice.

Speaking at the Congress, on behalf of the Party Committee, the Group's leader, Mr. Pham Xuan Canh congratulated, acknowledged and praised the achievements of the PTSC Party Committee in the past term. He shared that the past 5 years have been an extremely difficult and challenging period, considered to be the most difficult in the process of formation, construction and development of the Oil and Gas industry, including PTSC, the unit. Head of Oil and Gas Services. Mr. Pham Xuan Canh emphasized, looked back, was very excited when PTSC basically completed, exceeded the important targets and tasks in production and business and building the Party, in the past term, the Party Committee of PTSC continue leading and comprehensively deploying aspects of Party building work, personnel organization and private work.

The Congress voted for the 7th PTSC's Executive Committee.

Some photos of the Congress:

PTSC's Party Committee received the Emulation Flag of the typical clean and strong Party Committee of 2015-2019 of the Central Business Division Party Committee from the Group's leader.

Commending and rewarding typical Party Cell / Party Secretary.

Grateful to members of the Party Executive Committee Session VI.

The leaders of the Group congratulated the PTSC's Executive Committee, Session VII, term 2020-2025.

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