REC-T-198 is a 31 square kilometers license area located in Bahia state, and it is part of the four concession blocks owned and operated by Alvopetro (100%) and acquired in the 12th ANP bidding round. The other blocks are REC-T-169, REC-T-255 and REC-T-256. Local content required by the Brazilian regulator is 80% during exploration and 85% during development. All four blocks have an initial five-year exploratory phase. The first phase work commitment for REC-T-198 consists of one well drilled.