Drilling of new production well at Umid field complete

The Umid Babek Operating Company (UBOC) has completed the drilling of a new production well “U1-22” at the Umid field in the Azerbaijani sector of the Caspian Sea, Report informs referring to the company.

The report noted the successful drilling of the U1-22 high-pressure gas-condensate well, the last well from the Umid-1 offshore platform.

"The U1-22 HP well was drilled to a depth of 6265m MD / 6262 m TVD in a record time of 202 days, with full well integrity maintained throughout the process. It has now been handed over to the completion phase, and preparations are underway for perforation and production," the company said.

To date, six wells have been drilled at the Umid field. In 2024, production from the field is projected at 2.3 billion cubic meters of gas and 325,100 tons of condensate.

As of July 1, 2024, for the entire period since the start of development, 9.4 billion cubic meters of gas and 1.4 million tons of condensate have been produced from the Umid field.

The Umid field was discovered on November 24, 2010. This is the first gas condensate field in Azerbaijan discovered during the period of independence. The field was commissioned in 2012. According to preliminary estimates, the total reserves of the Umid field are 200 billion cubic meters of gas and 40 million tons of condensate.