The development stages:Seismic/2013-09.PAMA-M-337 is a 769 square kilometers deepwater licensed area off the coast of northern Brazil, acquired in the 11th bidding round. Local content required by the Brazilian hydrocarbons regulator ANP is 37% during exploration and 65% during development. Work commitments for the block includes 3D seismic acquisition and one exploratory well. According to the ANP, 137mn reais will be invested in the minimum exploratory program (PEM).