According to MBS’s report, PetroVietnam Technical Services Corporation (PVS) noted positive progress in EPCI contracts for the Lô B – Ô Môn project, achieving completion rates of 22% and 47% for EPCI#1 and EPCI#2. The Mechanical & Construction (M&C) segment of PVS is expected to have higher gross profit margins due to experience in offshore wind contracts and large contract sizes. PVS’s net profit is projected to increase by 7.8% and 15.4% in 2025-2026, with a forecasted pre-tax profit increase of 33.6% in 2025. Key upstream oil and gas projects are entering a crucial implementation phase, driving demand for M&C work. PVS has won several significant contracts, contributing to its business results in 2025. They also plan to participate in Vietnam’s first nuclear power project, focusing on localizable work.
Leave a Reply