Petro-Victory Reports on PVE-01 Results

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According to a press release, the well was drilled on a separated compartment from the rest of the producing wells on Andorinha field. It reached a total depth of 1,196 and found 3.85 meters of net oil pay across 3 zones. Production testing is expected to begin soon and should assess the commerciality of the accumulations.

The company is also looking for a drilling rig in order to finish the drillings of PVE-02 and PVE-03. Andorinha currently produces 30 bopd and accumulates 1.958 million barrels of oil (2P reserves).

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