Petro-Victory Receives Authorization From ANP to Acquire Remaining Stake in São João Field and Expands Its Presence in the Oil and Natural Gas Sector

Written by Ruth Rodrigues

Published on 22/08/2022 at 13:30

Updated on 31/08/2022 at 21:57

Foto: Pixabay

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Seeking to Become Even More Relevant in the National Oil and Natural Gas Scenario, Petro-Victory Has Been Investing in the Acquisition of New Assets and, After ANP Authorization, Secured Full Participation in the São João Field.

The oil company Petro-Victory has a 100% stake in the São João Field, located in the Barreirinhas Basin. The company recently received the approval from the National Petroleum Agency (ANP) for the acquisition of the remaining participation in the asset and is now looking to invest in expanding its presence in the Brazilian oil and natural gas sector with the new asset.

ANP Granted Authorization to Petro-Victory for the Purchase of the São João Field and Company Holds 100% Participation in the Oil Asset

Petro-Victory took another important step for its growth in the national oil and natural gas sector this past week. This is because the ANP granted the necessary authorization for the oil company to acquire the remaining stake in the São João Field, located in the Barreirinhas Basin.

Now, the oil company holds a total of 100% participation in the asset and will be able to leverage its relevance in the fuel sector to expand its business.

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Learn More About Petro-Victory

Petro-Victory is a publicly traded company focused on the oil and gas sector dedicated to the acquisition and development of fuel resources in Brazil.

The company currently holds interests in thirty-eight (38) licenses, totaling 257,604 acres in two (2) oil-producing basins in Brazil.

Among the company’s activities in the national oil and natural gas sector, it is responsible for evaluating, analyzing, and updating geological and geophysical assessments; developing independent auditable reserve reports; developing and executing drilling and work programs that maximize short- and long-term production; and converting underdeveloped assets into high-value and high-margin production.

Discover More About the São João Field

The São João Field, with a Development Area of 5.75 km², is located in the Barreirinhas Basin, about 110 km east of the city of São Luís, the capital of the state of Maranhão.

Petro-Victory, which until then only held half of the participation in the site, is now the sole explorer of the site’s fuel resources and intends to invest in expanding the area’s productivity in the coming years.

Petro-Victory Receives Authorization From ANP to Acquire Remaining Stake in São João Field and Expands Its Presence in the Oil and Natural Gas Sector

Seeking to Become Even More Relevant in the National Oil and Natural Gas Scenario, Petro-Victory Has Been Investing in the Acquisition of New Assets and, After ANP Authorization, Secured Full Participation in the São João Field.

ANP Granted Authorization to Petro-Victory for the Purchase of the São João Field and Company Holds 100% Participation in the Oil Asset

Learn More About Petro-Victory

Discover More About the São João Field

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Petro-Victory Receives Authorization From ANP to Acquire Remaining Stake in São João Field and Expands Its Presence in the Oil and Natural Gas Sector

Seeking to Become Even More Relevant in the National Oil and Natural Gas Scenario, Petro-Victory Has Been Investing in the Acquisition of New Assets and, After ANP Authorization, Secured Full Participation in the São João Field.

ANP Granted Authorization to Petro-Victory for the Purchase of the São João Field and Company Holds 100% Participation in the Oil Asset

Learn More About Petro-Victory

Discover More About the São João Field

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Using high-resolution satellite images, archaeologists rediscovered the Egyptian city of Imet, buried for centuries in the Nile Delta, revealing rare multi-story houses, granaries, and a sacred road linked to the cobra goddess Wadjet, from about 2,400 years ago.

Two 17-year-old Kenyans use coconut shells, corn cobs, and recycled materials to create an exhaust filter that reduces 93.3% of pollutant particles and wins an environmental award in Africa.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

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