The development stages:Exploration drilling/2015-12.REC-T-99 is an onshore area of 32.09 square kilometers in the SREC-T2 sector of the Reconcavo basin. Imetame Energia(100%) is the current owner and operator of the block. Imetame also acquired two other blocks in the same sector: REC-T-212 and REC-T-66. Brazil's 13th bidding round requires 74% local content for the exploration phase and 80% for the development phase.