Petreven S.P.A.

Petreven S.P.A. is a low impact drilling contractor established in 1998 in Venezuela. The company started operations on 16 June 1999 with Rig G-200 drilling the first well (ORC-28) in the Orocual Field for PDVSA. It has a background in low impact drilling rig engineering and management services. The company designs and operates “fit for purpose” hydraulic drilling rigs (HH type) for oil, gas, and water wells. Operations have been carried out in Venezuela, Colombia, Argentina, Peru, and Chile. Petreven provides integrated services that include drilling, workover, maintenance, rig customization, and technical assistance. The company emphasizes compliance with safety, environmental, and quality standards through its Integrated Management System. It has adopted an Ethic Code and an Organization, Management and Control Model pursuant to Italian Legislative Decree 231/2001. Petreven states its vision to be the technology partner of excellence in the geothermal, oil, and gas drilling industry.