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Petro-Victory Energy Corp. Commences Multi-well Drilling Program
Petro-Victory Energy Corp. Commences Multi-well Drilling Program Canada NewsWir...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n \n \n \n Petro-Victory Energy Corp. Commences Multi-well Drilling Program\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 June 22, 2022\n \n \n /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSXV: VRY) is pleased to announce it has begun its 2022 multi-well drilling program commencing on its Galp-06 well in the Andorinha Field located in the Potiguar Basin.\n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n The Company has secured environmental drilling permits for a total of seven (7) development wells from\n \n Brazil's\n \n Environmental Agency, Instituto de Desenvolvimento Sustentável Meio Ambiente (IDEMA);\n \n \n Civil works at four (4) drill sites and access routes have been completed;\n \n \n All long-lead items for the 2022 multi-well drilling program have been procured and delivered including casing, production tubing, pumps, and drilling fluids;\n \n \n The MAPEEN-01 drilling rig has completed testing and passed its final inspection;\n \n \n The MAPEEN-01 rig commenced drilling the first well at Galp-06;\n \n \n To maximize time and cost efficiencies, the Company has secured a second service rig to batch drill the surface holes at PVE-01, PVE-02 and PVE-03; and\n \n \n The service rig has commenced drilling the surface hole at PVE-01.\n \n \n \n \n 2022 Drilling Campaign Update\n \n \n \n The Company is pleased to announce that it has commenced drilling at the Galp-06 site as the first well in its 2022 multi-well drilling program.\n \n \n Galp-06 is located 2.5 kilometers from producing oil wells and hydrocarbon discoveries in the Andorinha Field. Based on correlating reservoirs in Andorinha and 3-D seismic analysis, Petro-Victory is targeting hydrocarbons at depths of 1,130–1,230 meters at the Galp-06 location.\n \n \n Utilizing the MAPEEN-01 rig, the Galp-06 drilling program will involve drilling down to a total depth of 1,250 meters, logging, casing, cementing, and then testing the target zones over the next 30 days.\n \n \n T...