Phoenix delivers declaration of commerciality in Potiguar

10/11/18

Phoenix submitted to the ANP the declaration of commerciality of the Northeastern Periquito field, a result of discovery in block POT-T-744, in the Potiguar Basin. In addition to the 744, Phoenix has another exploratory concession, in block POT-T-743.

The areas were acquired in Round 13 by UTC and Concriz and were later sold to Phoenix. The POT-T-744 block has an area of 06.57 km² and the POT-T-743 has an area of 29.57 km².

The company has 180 days from the date of declaration of commerciality to deliver to ANP the area development plan.

Source: Brazil Energy