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Petro-Victory Energy Corp. Provides Update on SJ-06 Well Workover at 100% Owned São João Field Located in Northeast Brazil in The Barreirinhas Basin
Petro-Victory Energy Corp. Provides Update on SJ-06 Well Workover at 100% Owned São Joã...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n \n \n \n Petro-Victory Energy Corp. Provides Update on SJ-06 Well Workover at 100% Owned São João Field Located in Northeast Brazil in The Barreirinhas Basin\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 April 4, 2024\n \n \n /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSXV: VRY) is pleased to provide an update on the workover campaign to increase oil production in the 100% owned São João field in the Barreirinhas Basin in Maranhão,\n \n Brazil\n \n .\n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n SJ-06 well successfully completed adding additional 8.3 meters of oil pay in the Tutoia formation.\n \n \n SJ-06 well tested at rate of 228 barrels of oil per day (\"bopd\") during initial 35-hour test.\n \n \n \n \n \n SJ-06 Well\n \n \n \n On\n \n February 27\n \n \n th\n \n , 2024, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program designed to open an additional 12.4 meters across 3 zones in the Tutoia formation.\n \n \n Petro-Victory successfully re-entered the well to a depth of 1,731 meters, logged the well, and subsequently perforated 8.3 meters in 2 planned zones between 1,263 meters and 1,516 meters depth with oil and associated gas shows confirming expectations that this is a gas driven, oil prolific, formation.\n \n \n The well was successfully completed on\n \n April 1, 2024\n \n , with 1 ¾ \" insert pump, gas anchor and API-228 pump-jack, being installed over the well. The SJ-06 well now has 15.2 meters of oil pay zones open in the Tutoia formation. The open zones are clean sandstones exhibiting 19% average porosity.\n \n \n Specific data for the initial production from the SJ-06 well is as follows:\n \n \n \n During the initial 35-hour test period, the well surged to a rate of up to 930 barrels of oil per day for a 3-hour period.\n \n \n The SJ-06 well averaged 228 barrels of oil per day during the initial 35-hour test period.\n \n \n Oil from the Tutoia formati...