Petro-Victory Energy and BlueOak Investments Acquire Capixaba Energia
April 29, 2025
Petro-Victory Energy Corp., in partnership with financial backer BlueOak Investments, has completed the acquisition of Capixaba Energia LTDA, a producing onshore oil and gas asset in the Espírito Santo Basin that is currently producing ~400 boe/d. Under the joint venture agreement Petro-Victory will operate the assets and hold an initially nominal equity interest that can increase to 20% and then 50% upon achievement of performance milestones, while BlueOak has funded initial payments and committed additional capital expenditures.
- Buyers
- Petro-Victory Energy Corp., BlueOak Investments
- Targets
- Capixaba Energia LTDA
- Industry
- Energy
- Location
- Espírito Santo, Brazil
- Transaction Type
- Buyout
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