The development stages:Seismic/2016-02.REC-T-108 is an onshore area of 20,61 square kilometers in the SREC-T2 sector of the Recôncavo basin. Argentine company Oil M&S (100%) is the current owner and operator of the block. Oil M&S also acquired another block in the same sector, REC-T-42. Brazil's 13th bidding round requires 80% local content for the exploration phase and 85% for the development phase.