Lula oil field
| Lula | |
|---|---|
 |
|
| Country | Brazil |
| Region | Latin America |
| Location/block | BM S 11 |
| Offshore/onshore | Offshore |
| Coordinates | 25°30′0″S 43°30′0″W / 25.50000°S 43.50000°WCoordinates: 25°30′0″S 43°30′0″W / 25.50000°S 43.50000°W |
| Operator | Petrobras |
| Partners | BG Group, Galp Energia |
| Field history | |
| Discovery | 2006 |
| Production | |
| Current production of oil | 100,000 barrels per day (~5.0×106 t/a) |
| Recoverable oil | 7,500 million barrels (~10.0×108 t) |
| Producing formations | Barremian, Lower Aptian Guaratiba Formation |
The Lula oil field (formerly Tupi oil field) is a large oil field located in the Santos Basin, 250 kilometres (160 mi) off the coast of Rio de Janeiro, Brazil. The field was nicknamed in honor of the Tupi people and later named after the moluscus, however it is also ambiguously similar to the name of former Brazilian president Luiz Inacio Lula da Silva. It is considered to be the Western Hemisphere's largest oil discovery of the last 30 years.
The Lula field was discovered in October 2006 by Petrobras. The former president of Brazil, Luiz Inácio Lula da Silva called the field second independence for Brazil. The field was originally named Tupi but in 2010 it was renamed Lula. The name 'Lula' means squid in Portuguese but also refers to Luiz Inácio Lula da Silva. The upper estimate of 8 billion barrels (1.3 billion cubic metres) of recoverable oil would be enough to meet the total global demand for crude oil for about three months at the 2008 global extraction rate of around 85 million barrels per day (13,500,000 m3/d).
In January 2008 Petrobras announced the discovery of the Jupiter field, a huge natural gas and condensate field which could equal the Lula oil field in size. It lies 37 kilometres (23 mi) east of Lula.
The Lula field lies below 2,000 metres (6,600 ft) of water and then 5,000 metres (16,000 ft) of salt, sand and rocks. The field was discovered in a geological formation known as the Pre-salt layer. The Lula accumulation, in block BM-S-11 of the Santos basin, contains at least 5 billion barrels (0.79 km3) of recoverable oil which could increase Brazil's reserves by 62%. This would make it twice the size of the Roncador, previously Brazil's largest field. Lula is a sub-salt discovery—held in rocks beneath a salt layer that, in places, reaches thicknesses of over 2,000 metres (6,600 ft). The crude oil is an intermediate or medium gravity oil of 28–30 °API, which corresponds to a specific gravity around 0.88. The Lula crude oil is considered sweet, which means that the sulfur content is less than 0.7% sulfur by weight.
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