Petro-Victory acquires Capixaba Energia, strengthening onshore Brazil position
Petro-Victory Energy Corp.has completed its previously announced acquisition of Capixaba Energia LTDA, a producing oil and gas asset, generating substantial free cash flow, in the EspíritoSantoBasin.
The acquisition was completed in partnership with BlueOak Investments, Petro-Victory's strategic financialpartner. This acquisition, originally announced onMarch 6, 2025, marks the first successful transaction under the Petro-Victory and BlueOak partnership, reinforcing their shared commitment to unlocking value inBrazil'senergy sector.
"The closing of the Capixaba Energia acquisition marks a major milestonefor Petro-Victory and a testament to the strength of our strategic partnership with BlueOak Investments,” said Richard F. Gonzalez, CEO of Petro-Victory. “This transaction enhances our operational position inBrazil, delivering immediate positive cash flowing production, critical infrastructure, and significant future upside. With BlueOak's financial backing and our operational expertise, we are well-positioned to unlock value, optimize profitability, production, and drive long-term growth for ourshareholders."
"Our partnership with Petro-Victory reflects our long-term conviction in the Brazilian energy market and our belief in the value that disciplined, performance-driven investment can unlock,” added Meton Morais, CEO of BlueOak. “Capixaba Energia represents the kind of asset we seek—profitable, producing, scalable production that is strategically located. We're proud to back this transaction and look forward to accelerating growth through continued collaboration withPetro-Victory."
As legacy producers look to scale back, Petro-Victory is moving ahead, leveraging a flexible, performance-based joint venture model to unlock value and capitalize on accelerated M&A opportunities acrossBrazil'sonshore sector.