Petro-Victory partners with investment firm to boost O&G acquisitions in Brazil, Latin America

Petro-Victory Energy has announced a strategic partnership with Blue Oak Investments aimed at acquiring Exploration and Production (E&P) assets and companies in Brazil and Latin America. Under this partnership, Blue Oak will provide the capital, while Petro-Victory will operate and develop the acquired assets.

“We are proud to join forces with Blue Oak in this transformative partnership,” said Richard F. Gonzalez, CEO of Petro-Victory Energy. “Their strong capital position to finance acquisitions and extensive experience in structuring oil and gas transactions, combined with our operational excellence and deep industry knowledge, positions us to drive meaningful growth and unlock significant value in the E&P sector across Brazil and Latin America."

"We are very pleased to establish this relationship with Petro-Victory, a distinguished organization with a world-class team, as we work together to explore promising opportunities in Brazil and Latin America," added Meton Morais, Founding Partner at Blue Oak.

Term sheet

Petro-Victory has signed a term sheet with Blue Oak to establish a special purpose vehicle (SPV) aimed at acquiring assets and companies in Brazil and Latin America. The SPV will be structured to achieve an equitable ownership participation in the SPV, ensuring a balanced and mutually beneficial relationship. The partnership leverages the complementary strengths of both organizations. Blue Oak not only provides the necessary capital but also brings extensive expertise in strategic investments and the energy industry. Petro-Victory will manage the operations, drawing on its deep experience in the region and proven track record in onshore oil and gas development.