The well, informally known as Iguaçu Mirim, is located 303 km off the coast of the state of São Paulo, and oil was struck at a water depth of 2,158 m.
The exact location is 34 km south of the discovery well (1-SPS-50 - Carioca) and 9 km south of the Iguaçu well (see map).
This new discovery was confirmed through oil samples of approximately 20° API, taken via cable test from pre-salt carbonate reservoirs starting at a depth of 4,850 meters.
The consortium of BM-S-9 is operated by Petrobras (45%) in partnership with BG E&P Brasil (30%) and Repsol Sinopec Brasil (25%). The deadline for the 'Declaration of Commerciality' is December 31, 2013.