Umid is a producing conventional gas field located in shallow water in Azerbaijan and is operated by Umid, Babek Exploration and Production. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Umid-Babek, with water depth of 191 feet. Buy the profile here.
An expansion project is associated with the Umid, namely the Umid Development. This project is currently in the commissioning stage, expected to start in 2023.
Field participation details
The field is owned by Nobel Oil E and P UK and State Oil Company of the Azerbaijan Republic.
Production from Umid
The Umid conventional gas field recovered 26.57% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 3.61 thousand bpd of crude oil and condensate and 114.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 121.29 Mmboe, comprised of 19.44 Mmbbl of crude oil & condensate and 611.12 bcf of natural gas reserves. Umid conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.
Contractors involved in the Umid conventional gas field
The key contractors involved in the Umid project as follows.
Other Contractors: Liebherr-MCCtec Rostock
For more details on the Umid Conventional Gas Field, buy the profile here.
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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.
