The Barreirinhas Basin is located on the Brazilian equatorial margin on the coast of the state of Maranhão. In addition to oil, the asset has non-associated gas. Proven and probable reserves (2P) 0.4 million barrels of oil, NPV10 valuation of US$ 12.9 million and best estimate development pending risked contingent resources of NPV10 US$ 103.9 million.
Petro-Victory holds 100% of the interest and operation of the field.