The development stages:Seismic/2013-09.REC-T-106 is an onshore area of 31.4 square kilometers in the SREC-T1 sector of the Recôncavo basin. Alvopetro (100%) is the current owner and operator of the block. The company also acquired another block in the same sector, REC-T-107. For the first exploratory period, the agreed commitment of the block is 11 square kilometers of 3D seismic survey. 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 1mn reais will be invested in the minimum exploratory program (PEM).