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Capixaba Energy, an Oil Producer Located in Northern Espírito Santo, Was Acquired by a Partnership Between Foreign Companies Petro-Victory Energy from Canada and BlueOak Investments from Poland. The Transaction Value Was R$ 105 Million and Involves Producing Fields in the Espírito Santo Basin. The Purchase Announcement Was Made This Thursday (6) and Marks an Important Movement in the Onshore Oil and Gas Sector in Brazil.
The Acquisition of the Oil Producer Capixaba Energy Is Not Limited to the Value of the Deal. The New Owners Are Investing in a Growth Strategy That May Transform Production in the Region Over the Next Few Years.
Petro-Victory Energy Is a Canadian Company Operating in Brazil Since 2016 and Already Holds 38 Concessions in Onshore Areas in the Northeast of the Country. BlueOak Investments Is a Polish Company Specialized in Strategic Investments in the Energy Sector. Together, the Two Formed a Joint Venture to Acquire the Oil Producer in Espírito Santo.
Details of the Deal and Acquired Assets
The Purchase Includes Four Oil Fields in the Espírito Santo Basin, Including Lagoa Parda, as Well as Two Exploration Blocks Near Major Producers in the Region. Currently, the Production of These Assets Is Around 400 Barrels of Oil per Day, 88% of Which Is Oil. The Expectation Is That This Volume Will Increase Over the Next 12 to 18 Months, with New Investments and Optimizations in Operations.
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Capixaba Energy Was Previously Owned by Imetame Energia and EnP Energy Platform, Which Shared Equal Shareholding. With the Sale, BlueOak Will Finance 100% of the Purchase and Be the Company Controller, While Petro-Victory Will Take Over Operations of the Assets.
The Impact of the Purchase on the Oil and Gas Sector in Brazil
The Transaction Is Expected to Be Completed by the Second Quarter of 2025 and May Directly Influence the Onshore Oil Market in Brazil. With New Investments Expected, the Anticipation Is That Capixaba Energy’s Production Will Grow and Contribute to the Strengthening of the Sector.
Petro-Victory Will Start with a Nominal Equity Stake and Could Increase to 20% and Then 50%, as It Meets Certain Strategic Milestones. The Advantage of This Model Is That the Company Will Not Need to Inject Additional Capital to Expand Its Stake, Being Remunerated by Operations of the Assets. This Indicates Long-Term Planning to Maximize the Productivity of the Acquired Fields.
BlueOak Will Act as the Main Controller of the Oil Producer, While Petro-Victory Will Be Responsible for Operational Management. The Objective of the Partnership Is to Optimize Costs, Improve Oil Recovery, and Boost Production. According to the Companies, Capixaba Energy’s Assets Have Strong Cash Flow and Essential Infrastructure for This New Phase of Expansion.
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