Asset Report
Umid-Babek
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
SOCAR leads the development of the large offshore Umid gas field, in partnership with Nobel Oil (Nobel Upstream). The shallow-water project is operated under a Risk Service Agreement (RSA) that was awarded in 2017. The contract area also includes the giant Babek exploration prospect.Umid has been producing since 2012. Output from the Umid-1 platform has increased rapidly since 2022 thanks to new drilling and a larger-capacity pipeline to shore. Investment in a second platform, Umid-2, is ...
Table of contents
- Summary
- Key Issues
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Babek (prospective resources)
- Dashgil-2 terminal (2025 onwards)
- Condensate
- E&A costs
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Operating costs
- Field costs
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Risk Service Agreement (RSA)
- Tax and depreciation
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Cash flow
- Domestic sales
- Gas price
- Global Economic Model (GEM) file
- Cash Flow
- Indicative Technical Valuations
Tables and charts
This report includes the following images and tables:
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Index mapUmid-Babek mapParticipation
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Reservoir qualityHydrocarbon qualityUmid-Babek E&A wellsReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2015-2024)Umid production profileCapital Costs Pre-2016 to 2024 (US$ million)
- 10 more item(s)...
What's included
This report contains:
