The development stages:Seismic/2016-02.POT-T-743 is an onshore area of 33 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 exploration rights together for POT-T-744. Brazil's 13th bidding round requires 77% local content for the exploration phase and 85% for the development phase.