Petro-Victory Energy (TSE:VRY) has released an update.
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Petro-Victory Energy Corp. has successfully completed workover operations ahead of schedule and under budget at the São João field in Brazil, significantly boosting oil production. The SJ-01 well now produces 303 barrels of oil per day after adding 32.2 meters of oil pay, while the SJ-11 well contributes with an average of 37 barrels per day and still has completion fluid to recover. These developments have enhanced the field’s oil output and the company is monitoring well performance and fluid recovery closely.
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