Petro-Victory in negotiations to acquire oil-producing assets onshore Brazil
Dec. 17, 2024
Petro-Victory Energy Corp. is continuing negotiations after signing an exclusivity agreement with Brava Energia SA to potentially acquire 13 oil-producing fields, part of the Porto Carão and Barrinha clusters, in Rio Grande do Norte, Potiguar basin, onshore Brazil.
The Porto Carão cluster lies near the municipality of Guamaré and comprises four concession contracts covering four oil-producing fields.
The Barrinha cluster lies near the municipality of Mossoró and comprises seven concession contracts covering nine oil-producing fields.
With the agreement, Petro-Victory holds exclusivity for negotiation of the acquisition for an initial period of 30 days.
