On 18 June 2020, the ANP board of directors approved a reassignment of working interests on the POT-T-785 Block in the Potiguar Basin. Geopark Brasil ExploraÃ§Ã£o e ProduÃ§Ã£o de PetrÃ³leo e GÃ¡s is assigning 30% to Petroil Ãleo e GÃ¡s on the Round 14 block. Geopark will now have 70% and will continue as operator of the block. The deal is also contingent on Petroil paying its share of the guarantee on the 32 sq km block. The five-year exploration contract for the block is due for expiry on 28 January 2023. The block includes only one historical well, a 1989, Petrobras dry hole drilled in the southwest corner reaching a depth of 2,650m.     Â 
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