PVD’s AGM took place on June 18, 2020. Management addressed many questions from shareholders regarding the 2020 outlook, progress on a long-term contract for its tender assist drilling (TAD) rig and PetroVietnam Exploration & Production’s (PVEP) bad debt collection. PVD set 2020 guidance for revenue of USD201mn (+7.1% YoY) and NPAT-MI of USD3mn
(-64.5% YoY) based on a pre-COVID-19 oil price of USD60/bbl. Management said that COVID-19 is currently causing operators to delay their drilling