After drilling the well called Galp-06, in Campo de Andorinha, the oil and gas company Petro-Victory started oil exploration in the Potiguar Basin and will now continue with fuel production in the region for growth in Brazil.
The oil and gas company Petro-Victory announced this Thursday (23/06), the start of an exploratory campaign in the Andorinha field, located in the Potiguar Basin, located in the state of Rio Grande do Norte. The new campaign started with the drilling of the Galp-06 well and, with that, the company is now taking new steps to expand its exploration of oil in the national territory, with strong prospects for future business in the segment.
Exploration of the Potiguar Basin by the oil company Petro-Victory begins with the drilling of the Galp-06 well, located in the Campo de Andorinha region
The oil and gas company Petro-Victory took another step towards expanding its presence in the segment in the Brazilian market and announced the start of its new oil exploration campaign, this time in the Potiguar Basin, located in the state of Rio Grande do Norte. Thus, the company used the services of the Mapeen-01 land rig to drill the Galp-06 well, located 2,5 kilometers from the oil producing wells and hydrocarbon discoveries in the Andorinha field.
This operation marked the beginning of new fuel exploration in the region and, according to the company, drilling the well will involve reaching a total depth of 1.250 meters, carrying out profiling, casing and cementing activities.
Furthermore, Petro-Victory will use the exploration site to carry out new tests over the next 30 days, as it seeks a current focus on hydrocarbons at depths between 1.130 meters and 1.230 meters in the well, and intends to verify the existence of reserves in the product in the Potiguar Basin area.
And, in addition to the initial rig for drilling the new oil well in the Potiguar Basin, the oil and gas company said it has also hired a second rig to drill the upper sections of three additional new wells (PVE-01, PVE-02, PVE-03).
All will be drilled to a depth of 350 meters and are located in Campo de Andorinha, where the company is now seeking to invest its efforts. Thus, the company has already started the initial drilling of the first well for oil exploration and will now start drilling at 350 meters, up to a total depth of 1250 meters.
Petro-Victory intends to continue drilling wells in the Potiguar Basin to expand its oil exploration and production in the domestic market
Petro-Victory commented on the plans for the national oil and gas market and stated that, with the drilling and future exploration of oil in wells Galp-06, PVE-01, PVE-02 and PVE-03, all located in the Potiguar, intends expand its 2P reserves at 483 barrels of oil, with $22,1 million in net present value. Thus, the company will be able to take new directions in the Brazilian oil and natural gas market.
In addition, the company's CEO, Richard F. Gonzalez, highlighted: “The Petro-Victory team has worked diligently over the last six years to acquire a portfolio of assets in two prolific oil producing basins and to develop a program of technical work that should provide significant returns to our investors. Launching our work program after years of investment is a monumental turning point in our company's history, and we look forward to sharing our success with shareholders."
Now, Petro-Victory awaits the testing and verification phase in the Galp-06 hub area over the next 30 days to carry out new future plans in relation to oil exploration in the Potiguar Basin region, but remains optimistic about the expected results.
