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 approval stage, expected to start in 2026.
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 26.50% of its total recoverable reserves, with peak production expected in 2024. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 2% of the country’s daily output.
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.