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Petro-Victory Energy Corp. Announces Significant Oil Production Increase at the São João field in the Barreirinhas Basin, Onshore Brazil
Petro-Victory Energy Corp. Announces Significant Oil Production Increase at the São Joã...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n \n \n \n Petro-Victory Energy Corp. Announces Significant Oil Production Increase at the São João field in the Barreirinhas Basin, Onshore Brazil\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 19, 2022\n \n \n /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSXV: VRY) is delighted to provide an operational update regarding its workover program on the Sao Joao Field, with the SJ-11 oil well coming online at rates of 640 barrels of oil per day (\"BOPD\").\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n Petro Victory\n \n has safely and successfully completed its initial 3-well workover program on its 100% owned Sao Joao field, located in the\n \n Northeast Brazil\n \n in the Barreirinhas Basin\n \n \n \n \n \n \n Flow rates from the SJ-11 workover suggest an initial production rate of 640 BOPD\n \n \n \n \n \n \n Production storage expansion is underway to facilitate increased oil production\n \n \n \n \n \n São João Field Workover Success\n \n \n \n The Company successfully re-entered the SJ-11, SJ-06, and SJ-01 oil wells and completed them for production using pumpjacks to provide artificial lift.\n \n \n Petro-Victory re-entered the SJ-11 well, removed the failed progressive cavity pump system and equipped the well for production using a pumpjack. In addition, two additional reservoirs were penetrated at depths of\n \n 1,297m\n \n and\n \n 1,467m\n \n to provide potential oil production gains to the existing open and proven oil zone at\n \n 1,490m\n \n . An additional nine reservoirs have been identified at SJ-11 for future oil testing and production.\n \n \n The SJ-11 well was brought back online on\n \n December 15\n \n \n th\n \n , with production from SJ-06 and SJ-01 expected to recommence shortly. The completed workover has had a significant positive impact on the oil production at SJ-11. The SJ-11 well was brought online for a total of 23 hours during the 15\n \n th\n \n – 17\n \n th\n \n of December and produc...