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Why Brazil?

Brazil is among the world’s leading oil producers and also one of the largest consumers. New discoveries, bidding round programs and new business possibilities create an opportunity to operate in Brazil. The Energy Expansion Plan (EDP) 2021-2030 forecasts that investments in oil and gas exploration and production (E&P) will increase from US$415 billion to US$454 billion in the period.

Aware of the opportunities, in 2018, Petro-Victory made its first acquisition of areas in Brazil and in 2023 it has a total of 38 concessions.

Learn more about Petro-Victory’s operations in Brazil