Iracema Norte is a producing conventional oil field located in ultra-deepwater in Brazil and is operated by Petroleo Brasileiro. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block BM-S-11 and BM-S-11 (Tupi), with water depth of 8,203 feet. Buy the profile here.

An expansion project is associated with the Iracema Norte, namely the Iracema Norte Development. This project is currently in the approval stage.

Field participation details

The field is owned by China Petrochemical, Galp Energia SGPS, Petroleo Brasileiro and Shell.

Production from Iracema Norte

The Iracema Norte conventional oil field recovered 45.83% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 139.23 thousand bpd of crude oil and condensate and 135.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 4% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 429.18 Mmboe, comprised of 367.41 Mmbbl of crude oil & condensate and 370.60 bcf of natural gas reserves. Iracema Norte conventional oil field reserves accounts 0.10% of total remaining reserves of producing conventional oil fields globally.

Contractors involved in the Iracema Norte conventional oil field

Some of the key contractors involved in the Iracema Norte project as follows.

Other Contractors: DOF and Shearwater GeoServices

About Petroleo Brasileiro

Petroleo Brasileiro SA (Petrobras) is an integrated oil & gas company. Its major businesses include exploration and production, refining, marketing, trade and transportation of oil and gas. The company also conducts biofuel, natural gas, petrochemical, electricity and chemical businesses, and oil product distribution. It is a major crude oil producer and refiner in Brazil and the South American continent. It also participates in the domestic power market through investments in thermoelectric power plants and renewable energy. Through its subsidiaries and affiliates, Petrobras markets its products in North America, South America, Africa and Asia. Petrobras is headquartered in Rio de Janeiro, Brazil.

For more details on the Iracema Norte Conventional Oil Field, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.