Multinacional's investment in the Espírito Santo Basin in partnership with Imetame Energia aims to increase the production of its onshore assets
Petro-Victory Energy announced on November 25 that it acquired a 50% stake in 3 oil fields in the Espírito Santo Basin for a total amount of US$4.686.223. The acquisition includes the onshore production concessions of Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha in Espírito Santo. See also that 28 new FPSOs will be installed in the period from 2021 to 2030, estimates Pré-Sal Petróleo SA.
The Company completed the transaction in partnership with Imetame Energia, as a result of successful contract negotiations in the Petrobras divestment process. Upon assignment and final approval by the ANP, Imetame will be the operator of the Lagoa Parda fields.
Both companies will carry out a work program to increase production to 580 barrels of oil per day in the first year of operations. Based on combined seismic data and Petrobras operational data, the Lagoa Parda Fields are believed to contain important high-risk, low-impact drilling and exploration opportunities.
Richard F. Gonzalez, CEO of Petro-Victory commented: “We are delighted to expand our successful partnership in the Espírito Santo basin with our operating partner, Imetame Energia. With the purchase of Campo de Lagoa Parda, Petro-Victory and Imetame Energia now hold a total of 8 licenses in a 50-50 partnership.”
“The Lagoa Parda Fields significantly expand Petro-Victory's portfolio of oil producing assets in the Espírito Santo Basin, accelerating our growth in onshore production, cash flow and profitability,” added Gonzalez.
- Petrobras plans to drill 8 oil wells next year
- Santos Brasil, one of the largest terminals, starts investing R$ 1 billion
About Petro-Victory Energy
A Petro-Victory Energy is engaged in the acquisition, development and production of oil and natural gas resources in Brazil and worldwide. The company has operational and working interests in 25 licenses in four different producing basins in our country and generates added value for shareholders through disciplined investments in high-impact, low-risk assets.
