The development stages:Exploration drilling/2013-09.BAR-M-346 is a 768.9 square kilometers license area in shallow waters off the coast of northeastern Brazil, and it is part of the 10 concession blocks owned and operated by BG Group (50%), alongside Total (50%) and acquired in the 11th bidding round. Local content required by the Brazilian regulator is 37% during exploration and 65% during development. According to Brazilian regulator ANP, 225mn reais will be invested in the minimum exploratory program (PEM).