DMC achieved its 2023 production and business plan early

Drilling Fluids and Petroleum Services Company Limited (DMC) - A member unit of Petroleum Chemicals and Services Corporation (PVChem) specializes in providing drilling fluid services, exploitation chemicals, and chemical production products, logistics services, human resource supply,... serving the Oil and Gas Industry and other industries. Through the process of construction and development, DMC has always been a key unit with many important contributions to the results of PVChem's production and business activities. By the end of October 2023, DMC will achieve revenue of more than 427 billion VND (corresponding to 111% of the 2023 revenue plan), profit before tax (PBT) reaching 28.2 billion VND (corresponding to 171% of the plan). profit before tax plan for 2023), reaching the production and business plan for 2023 03 months ahead. This is the second consecutive year that DMC is the first unit to reach the year's production and business plan early with the highest growth rate of PVChem.

Đội ngũ kỹ sư trẻ đầy nhiệt huyết và bản lĩnh của DMC


DMC cung cấp dịch vụ kỹ sư dung dịch khoan trên các khoan trường tại nước ngoài

The achievements that DMC has achieved are not only the result of recognition of the efforts of the Board of Directors and DMC staff, but also the result of the close attention and direction of PVChem Board of Directors, help and support. Support from PVChem's professional departments. This achievement of DMC also confirms the correct policy of PVChem's Board of Directors in restructuring the industries and fields of operation of PVChem member units, including DMC.

In 2020, to professionalize operational areas as well as increase the unit's autonomy, PVChem decided to convert DMC's operating model from a Branch to a Limited Liability Company. Accordingly, DMC continues to be responsible for providing drilling fluid services - PVChem's core service area, mining chemical services, and chemical production while expanding the development of other fields. New services such as logistics services, human resource supply, commercial business,...

Hoạt động thực nghiệm tại phòng thí nghiệm hiện đại của DMC

In 2021, the first year of implementing the 2021-2025 Five-Year Plan, DMC has encountered many difficulties due to the impact of the Covid -19 pandemic, negative developments in the world's geopolitical situation and still low oil prices. Low and unstable levels lead to postponement and cancellation of drilling plans of oil and gas contractors in Vietnam. Besides, the pressure from fierce competition with foreign service companies, especially with private companies including former officers and engineers of PVChem/DMC using chemicals under the company's brand PVChem's participation in the bid has directly affected DMC's core service areas of drilling fluids and mining chemicals. In addition, taking over the Cai Mep Petrochemicals Factory, which is in a difficult period, is also a big challenge for DMC.

Hoạt động vận hành tại Nhà máy Hóa phẩm Dầu khí Cái Mép
 

With the close attention and direction of PVChem's Board of Directors, the help and support of PVChem's professional departments, M-I Vietnam Company and the trust of partners, customers, the Board of Directors and DMC staff have been determined to reorganize the organizational structure and personnel in accordance with the goals in the current context. At the same time, DMC also closely follows market needs and drilling plans of oil and gas contractors. Implement cost optimization solutions to best meet customer needs. In addition, solutions to improve the operational efficiency of Cai Mep Petroleum Chemical Factory were also drastically implemented (downsizing the apparatus, improving the management system, renovating the factory, upgrading equipment). equipment, internal training, improving product quality, expanding raw material input to stabilize and have the best competitive prices,...). All of the above factors have contributed to DMC's success.

Dịch vụ logistic tại các Nhà máy Phân đạm, hóa chất dầu khí
 

Entering 2022 and 2023 with favorable conditions from the oil and gas market has helped DMC return to the "race track" with impressive production and business results. Specifically, DMC has maintained about 70-80% of the market share in providing domestic drilling fluid services, bringing high revenue and profits, maintaining the market for providing mining chemical services and expanding its services. Logistics services, human resource supply, etc. New service areas have also created the foundation for the sustainable development of the unit in the future. Production activities at Cai Mep Petroleum Chemical Factory are maintained stably, ensuring jobs for workers and completing assigned production plans.

Promoting the achievements achieved in the period 2022-2023, entering 2024, DMC will continue to actively innovate, improve management level, apply technology, focus all resources on the management team. Managers, officers, and engineers are highly qualified, professional, and well-trained. Make good use of existing standard facilities (such as Cai Mep Petroleum Chemical Factory, service base and tanks at Vietsovpetro Port, 04 specialized chemical and cement laboratories,...) to Maintain and develop core and strong areas. Thereby, ensuring growth, sustainable development and meeting the increasing needs of customers.
 
With the goal of continuous innovation and strong, sustainable development in the future, DMC will coordinate closely with the Corporation in establishing new water-based and oil-based drilling fluid systems of PVChem, chemicals mining chemicals, industrial chemicals, building a supply chain for the Factory's products such as G Cement, Bentonite, Silica Flour,... thereby ensuring PVChem/DMC's autonomy in a closed chain of operations from research, production and business to provide domestic and foreign services, contributing to enhancing the position, reputation and business results of PVChem and DMC.

The Board of Directors and all DMC employees are committed and determined to strive to successfully complete the goals and tasks assigned by the Corporation, contributing to the overall development of the Corporation.

With the motto of always providing the most perfect service, best quality, ensuring progress and safety, DMC always wishes and commits to accompanying customers and partners on the path of development and success!