Project Profile
Value: US$1,000 million
Location: Santos Basin, 230 km (140 mi) off the coast of Rio de Janeiro, Brazil
Start-up Year: 2014
Water Depth: 2,230 metres
Area: 300 km2
Iara oil field is a large ultra-deepwater oil field located in the Santos Basin, 230 km (140 mi) off the coast of Rio de Janeiro, Brazil, north of Tupi field. It covers an area of nearly 300 km2. The project will see the exploration and development of the block, with the target being deep sub-salt plays. Iara is in 2,230m of water.
Petrobras looks to export natural gas output generated by the Guara and Iara pre-salt pilot production units through a 216-kilometre, 18-inch pipeline to the Mexilhao platform. The associated gas may have around 15% CO2. The field was discovered on 7 August 2008 with an encounter of light oil which measured between 26 and 30° API. The well depth measured at 6,080 m (19,950 ft). The field is believed to hold approximately 3-4 billion barrels of light oil and natural gas.
Operators:
Petrobras: Operator with 42.5% interest
Total: 22.5% interest
BG Brasil: 25% interest
Galp Energia, SGPS, S.A.: 10% interest
Contractors:
Aker Solutions: Supply 40 subsea trees
Engevix Construcoes Oceanicas: Construction of eight hulls for platforms
GVA Consultants (KBR Company)