The development stages:Exploration drilling/2016-11.POT-T-619 is an onshore area of 32 square kilometers in the SPOT-T5 sector of the Potiguar basin. Geopark (100%) is the current owner and operator of the block. The company also acquired another four blocks (POT-T 664, POT-T 665, POT-T-663, POT-T 620, POT-T 663) in the same round and same sector. Brazil's 11th bidding round requires 80% local content for the exploration phase and 85% for the development phase. According to Brazilian regulator ANP, around 1.7mn reais will be invested in the minimum exploratory program (PEM).