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Commodities

Petro-Victory Doubles Oil Production at Brazilian Asset

Guavy AI Editorial Team
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Oil Natural Gas
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Petro-Victory Energy Corp. has significantly increased oil production at Capixaba Energia in Brazil, its first year of operations.

Production rose by 128% from 256 barrels per day (bpd) to 583 bpd, while natural gas output surged 471%, the company reported.

Petro-Victory and Blue Oak Investments acquired Capixaba Energia in April 2025 as part of a partnership targeting mature Brazilian onshore oil and gas assets.

The company attributed its success to an intensive workover and technical evaluation campaign, which assessed over 20 wells and identified additional reservoir opportunities without additional drilling.

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