Introduction

Drilling Mud Corporation is a Vietnam-based provider of oil related supplies, services and equipment. It is engaged in the manufacturing and marketing of chemicals, substances and materials used in oil drilling and exploration activities. Its products include drilling mud, such as Barite, Ben Dak and Bentonite, as well as drilling additives and specialized oil well cement. The Company also trades chemicals and equipment used in oil drilling, exploration, processing and transportation activities, as well as provides technical support services to oil drilling, including oil well repair services. Other operations include water and waste water treatment, along with the trading of fertilizers.

Business sector

  • Exploiting, manufacturing and trading materials and chemicals used in drilling mud and cement used in oil and gas industry;
  • Providing materials and substances used in oil drilling and production industry, including barite, bentonite, silica flour, biosafe, cement, calcium carbonate, basalt, polymer, dolomite, etc.
  • Trading, importing and exporting chemicals and equipment used in oil drilling, production and processing industry, and for other industrial sectors;
  • Transferring technology and supplying specialists, technical services related to drilling mud, drilling cement, oilrig repair, etc.
  • Trading glues, compressed natural gas (CNG);
  • Trading building materials;
  • Transporting goods by road;
  • Exploiting mines; trading minerals in domestic and foreign markets; trading materials and equipment for mineral exploration and other industries;
  • Distributing, trading consumer goods, household electric appliances, electronic items and equipment;
  • As insurance agency regarding automobile, equipment and human-related aspects;
  • Wholesaling petroleum, lubricants and related products;
  • Wholesaling silk, yarn…
  • Wholesaling yarn material, dying chemicals, materials and packaging for garment industry;
  • Wholesaling asphalt as well as materials, chemicals and addictives for asphalt production;
  • Wholesaling cast iron;
  • Wholesaling rubber;
  • Wholesaling plastics in primary forms: polypropylene and related products;
  • Providing support services for mineral and ore exploration;
  • Building and trading high-rise buildings;
  • Importing and exporting the company’s trading products;
  • Sanitizing houses and other projects such as transportations, equipment, industrial machines…
  • Providing method, products, services to increase longevity of industrial project

History

Date of incorporation 08/03/1990
Certificate of registration number 0100150873
Date of issue 30/01/2024
Capital 811,944,630,000
Tax Code 0100150873
Sectors & Industries Oil & Gas > Oil Equipment & Services

  • Drilling Mud Corporation was formerly known as Drilling Mud Company, which was established on Mar 08, 1990. In the same year, its Vung Tau branch was found.
  • In Dec 1990, Yen Vien Drilling Mud Factory was established.
  • On Aug 12, 1991, ADF – Vietnam Company Joint Venture Company (now known as M-I Vietnam Joint Venture Company) was established between the company and Anchor Drilling Fluids A/S Company from Norway. In 1996, ADF A/S Company transferred 50% of ADF Vietnam Company’s ownership to M-I U.S Company).
  • In June 1999, Quang Ngai Drilling Mud Enterprise was established.
  • In 2000, DMC Thermal Insulation Material Enterprise was established in Phu My Industrial Parks (Vung Tau).
  • On Apr 28, 2005, Drilling Mud Company was transformed into a joint stock company following Decision No. 1544/QD-TTCB of the Ministry of Industry.
  • On Oct 18, 2005, the company officially became a joint stock company with business registration certificate No. 0103009579 issued by Ha Noi Department of Planning and Investment.
  • In 2007, the company established CNG Joint Stock Company with 2 partners. It held 51% of CNG’s capital, while IEV Energy SDN.BDN Company held 42% and Son Anh Company Limited held 7%.
  • On Nov 15, 2007, the company’s shares were listed on the Ha Noi Stock Exchange.
  • In Jan 2014, its charter capital was adjusted to VND 500 billion.

Listing information

Date of listing 30/01/2024
Stock exchange HASTC
Par Value 10,000
Initial Listing Price 154,900
Listing Volume 81,194,463
Total Listing Value 811,944,630,000

Management team

Trương Đại Nghĩa Chairman of the Board of Directors
Hà Duy Tân Members of the Board
Trần Hồng Kiên Members of the Board
Nguyễn Ngọc Quỳnh Members of the Board
Dương Trí Hội Chief of Executive Officer
Bùi Tuấn Ngọc Deputy CEO
Phạm Ngọc Khuê Deputy CEO
Vũ An Deputy CEO
Trần Văn Trinh Chief Accountant
Đỗ Thị Hồng Hạnh Representative Spokesman