US based Petro-Victory Energy Corp announced in early September 2018 the acquisition of working interests in four Brazilian onshore oil fields for US$ 1.6 million. The deal consists of 100% interests in the Andorinha and Alto Alegre fields in the Potiguar Basin, 50% non-operating interest in the Carapitanga Field in the Sergipe-Alagoas Basin and a 50% non-operating interest in the Sa~o Joa~o Field in the Barreirinhas Basin. The acquisition was financed by the company's internal funds and involves three developed basins. The deal calls for US$ 375 thousand to be paid at signing and US$ 1.225 million to be paid once approved by the ANP. The existing infrastructure acquired includes 21 drilled wells, pipelines, power generation and electrical lines, pumping units, paved roads, storage tanks, 3D and 2D seismic data with a combined estimated cost of more than US $50 million. The company acquired the producing assets from Empresa de Engenharia de Petroleo Ltda also known as Engepet and has an operating partnership with them to optimize production in the Carapitanga and Sao Joao fields. Petro-Victory said the fields are located in mature, oil prone basins, with low geological risk and excellent quality reservoirs with hydrocarbon pay zones at shallow depths allowing for low cost development drilling. 
Petro-Victory Egy, acquired 4 production blocks from several Engepet subsidiaries, which include 100% WI in the Alto Alegre and Andorinha contracts in the Potiguar B.