Petro-Victory Energy Corp (VRY)

Overview

Petro-Victory Energy Corp. is an enterprise specialized in the exploration, development, and production of oil and gas resources. Founded in 2014 and headquartered in Fort Worth, Texas, the company has carved a niche for itself in the energy sector. It operates through its subsidiaries, focusing primarily on the Brazilian market. Petro-Victory Energy Corp. has secured a significant presence in Brazil's oil and gas industry by holding working interests in 38 licenses across 257,604 acres in two of Brazil's oil-producing basins. This strategic positioning allows the company to contribute significantly to the energy market, leveraging Brazil's vast hydrocarbon resources.

Products and Services

• Exploration Services

Petro-Victory Energy Corp. provides expert exploration services tailored to uncovering new petroleum and natural gas reserves. The company utilizes advanced geological and geophysical technologies to identify and evaluate potential hydrocarbon-bearing structures within its licensed territories.

• Development Services

Once potential resources are identified, Petro-Victory takes on the development phase, which involves detailed planning and execution to bring these resources into production. This includes constructing wells, installing pipelines and processing facilities, and employing efficient recovery methods to optimize the extraction of oil and gas.

• Production

Petro-Victory engages in the production of petroleum and natural gas, managing the extraction process from reservoir to sale. The company focuses on sustainable production practices to ensure the efficient and responsible utilization of natural resources, aiming for a minimized environmental impact while maximizing output.