Petro-Victory Energy Corp CEO Richard Gonzalez joined Steve Darling from Proactive to announce a major expansion of the company’s oil portfolio. Petro-Victory has signed a sale and purchase agreement in a 50/50 partnership with Azevedo & Travassos Petroleo to acquire 13 fully operational oil fields, spanning 38,301 acres. These newly acquired fields are strategically located adjacent to Petro-Victory’s existing assets, further strengthening the company’s position in Brazil’s Potiguar Basin. According to the National Agency of Petroleum, the newly acquired oil fields contain an estimated 125 million barrels of oil in place, with a 13.3% recovery factor. Petro-Victory describes this acquisition as a transformative milestone, significantly increasing its oil production capacity and boosting its proven reserves by 50%. Beyond expanding reserves, this acquisition allows Petro-Victory to maximize the substantial investments made over the past five years by its Subsurface, Engineering, and Operations teams in the Potiguar Basin. The company currently operates three oil-producing fields and 34 exploration blocks in the region. Over the last five years, Petro-Victory has reprocessed and merged 12 volumes of 3D seismic data, covering more than 1,500 km², including data on the newly acquired fields. The company has also conducted extensive hydrocarbon basin analysis, along with in-depth Geological, Geophysical, and Petrophysical interpretation to optimize production potential. With this acquisition, Petro-Victory reinforces its commitment to growth, efficiency, and operational excellence, positioning itself as a key player in the Brazilian oil and gas sector. #proactiveinvestros #prto-victoryenergycorp #tsxv #vry #OilProduction #BrazilEnergy #EnergySector #CEOInterview #LatinAmericaBusiness #OilandGas #BrazilianEconomy #ESGInitiatives #SustainableEnergy #OilIndustryInsights