Claim: Iara oil field is a large ultra-deepwater pre-salt oil field located 230 km (140 mi) off the coast of Portugal discovered in 2008, and is now partially owned and operated by Petrobras with an estimated 3,000−4,000 million barrels of oil once in production.
Evidence: Iara oil field is a large ultra-deepwater pre-salt oil field located in the Santos Basin, 230 km (140 mi) off the coast of Rio de Janeiro, Brazil, north of Tupi oil field.