Construction of second base at “Umid” field may start in 2020

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    By year 2020, it is planned to start construction of the stationary offshore station No.2 at the “Umid” gas-condensate field in the Azerbaijani sector of the Caspian Sea.

    Report informs, SOCAR Vice President for Field Development Yashar Latifov stated in the Iki Sahil newspaper’s special edition dedicated to the Day of Oilmen.

    “Daily output of 1,200,000 cubic meters of gas and 200 tons of condensate production expected from the VII horizon after drilling and commissioning of exploration well No. U2-1 designed to VIII horizon”.

    The Vice President of SOCAR noted that within the project of full-scale development of the field it is also planned to build a third base and to drill additional wells.

    At the same time, he added that it is expected to produce 1 200 thousand cubic meters of gas and 200 tons of condensate per day out of 2 wells, which will be drilled from the existing platform in 2018 and 2019.

    “Up to 1.5 bln cubic meters of gas (since 2012) and up to 237.4 thousand tons of condensate expected from the field, which is in the initial stage of development.\

    Y. Latifov also informed about the “Babek” perspective structure and noted that drilling of one exploration production well ( at depth of 6500 m and to VII horizont ) through floating drilling rig Dede Gorgud. It will be commissioned in 2020.

    According to him, the first product from the well will be transported to the central stationary seabed, which will be constructed at Umid field.

    Notably, “Umid” field is 75 km south of Baku and 40 km from the land. It was discovered by SOCAR in 2010. This is the first field discovered by the company in years of independence. According to initial information, hydrocarbon reserves of ‘Umid’ field is equal to 200 bln cubic meters of gas and 40 mln tons of condensate.

    Notably, Risk Service Agreement between the State Oil Company of the Azerbaijan Republic (SOCAR) and SOCAR Umid Oil&Gas Ltd for exploration and development of offshore block, including “Umid” field and “Babek” prospective structure in Azerbaijani sector of Caspian Sea and the Agreement between SOCAR Umid Oil&Gas Ltd and Umid, Babek Exploration&Production for conduction of oil and gas operations for exploration and development of offshore block, including “Umid” field and “Babek” prospective structure in Azerbaijani sector of Caspian Sea was signed on January 12, 2017, and approved by the Azerbaijani Parliament (Milli Majlis) on May 2.

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