Iracema is an oil field located in the Santos Basin, 250 km (160 mi) off the coast of Rio de Janeiro, Brazil, 33 km (21 mi) northwest of the giant Tupi oil field.

[1] Iracema is the third well drilled in the BM-S-11 block and could be an extension of ultra deep Tupi oil field.

The field was named in honor of the Guarani Iracema figure from Brazilian mythology.

[1] The Iracema field lies at a depth of 2,210 m (7,250 ft) and produces from the pre-salt Guaratiba Group.

Petrobras announced it would invite international oil companies to bid for concessions in the region.