The implications for the find in block C-M-499 are unclear, however, as the declaration to Brazil's National Petroleum Agency (ANP) was made on 6 June before the company made a major shift in corporate strategy.
The company revealed on Monday that it would scrap its development plan for four Campos basin fields including Tubarao Tigre, Tubarao Gato and Tubarao Areia, after concluding the technology was lacking at present to make the fields economically viable.
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