The development stages:Licensing/2015-12.POT-T-744 is an onshore area of 31,91 square kilometers in the SPOT-T4 sector of the Potiguar basin. The block is owned and operated by UTC Exploração e Produção (50%) alongside Phoenix Empreendimentos (50%). In the same round the companies also acquired joint exploration rights for POT-T-743. Brazil's 13th bidding round requires 77% local content for the exploration phase and 85% for the development phase.