The team came off a successful domestic season in 2022–23, which included Petro's 16th national title.
It is the fourth season under Brazilian head coach José Neto.
The team strengthened their roster with Angolan star players Edmir Lucas and Yanick Moreira – both had played for Petro earlier in their career.
In March 2024, following disappointing results in the conference stage of the BAL, Petro and José Neto decided to part ways.
[2] Note: Flags indicate national team eligibility at FIBA-sanctioned events.