// Workers AI · dad joke modeWhat did Umid Babek Operating Company say to its rival? "You're just drilling into debt.
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Native name | Umid Babek Operating Company |
|---|---|
| Type | Private |
| Industry | Oil and gas |
| Founded | 2017 |
Area served | Azerbaijan |
Key people | Elkhan Bashirov (Director of Branch Office)[1] |
| Products | Natural gas and condensate |
UBOC, officially Umid Babek Operating Company, is an offshore oil and gas operating company involved through its Branch Office in the Republic of Azerbaijan[2] in the exploration and development of the Umid gas-condensate field and the Babek prospective structure in the Caspian Sea.[3][4]
Operations
[edit]UBOC's operations are located approximately 75 kilometres south of Baku, focusing on offshore drilling, subsea well intervention, and infrastructure management.[5]
Umid field
[edit]The Umid field holds estimated recoverable reserves of 200 billion cubic metres of natural gas and 40 million tonnes of gas condensate.[6] As the first gas condensate field in the Caspian Region discovered and explored during the country’s independence period with internal sources of SOCAR, the Umid-Babek project plays an important role in regulating and maintaining the country's energy balance.[7]
Production infrastructure includes offshore operating platforms equipped with Liebherr cranes and the Dashgil-2 onshore processing terminal.[8] Given current limitations of the transportation lines, three million cubic metres of gas and 470 tonnes of gas condensate are produced daily from the Umid field and then transported via the existing Dashgil terminal to the Sangachal Head Facilities (SHF) using SOCAR’s infrastructure network.
Subsea appraisal drilling at the Umid field is scheduled to extend through 2027 using the "Neptune" jack-up rig, targeting depths exceeding 7,000 metres.[9] In March 2026, the company successfully completed its latest deep offshore well in the region.[10] Drilling operations in the Umid field, which is a high-pressure (~15,000 psi) gas and gas-condensate field with an average well depth of 6,500 m MD, are executed in a complex geological environment.[11]
Babek structure
[edit]The Babek structure is estimated to contain up to 400 billion cubic metres of gas and 80 million tonnes of condensate.[12]
For the Babek structure's exploration, UBOC executed a high-pressure, high-temperature (HPHT) drilling program at the BX-01 well.[13] The company utilized a 15,000 psi subsea riser system supplied by Aquaterra Energy, marking the first time a subsea well in the Caspian region was engineered to be drilled from a jack-up rig in 62-metre water depths.[14]
See also
[edit]References
[edit]- ↑ "UBOC chief: SOCAR drilling one of its most complex high-pressure wells at Umid field". Azeri Press Agency (APA). Retrieved 6 June 2026.
Elkhan Bashirov, Director General of Umid-Babek Operating Company
- ↑ "Umid". SOCAR. Archived from the original on 22 June 2026. Retrieved 22 June 2026.
UBOC Operating Company was established, and obligations were assigned to its branch in Azerbaijan
- ↑ "Azerbaijan announces major gas discovery at Umid field". Reuters. 27 September 2010. Archived from the original on 1 October 2010. Retrieved 25 May 2026.
- ↑ "UBOC developing plan to increase gas production at Umid field". Report Information Agency. Retrieved 6 June 2026.
- ↑ "Four Liebherr Board Offshore Cranes for oil platforms in Azerbaijan". Liebherr. 10 August 2020. Retrieved 29 June 2026.
Umid and Babek offshore block is situated in the South of Caspian Sea, 75 km of SE Baku
- ↑ Javadov, Sadig (24 November 2025). "Azerbaijan marking quindecennial of its Umid field's discovery". Trend News Agency. Retrieved 7 June 2026.
- ↑ "Discovery of the Umid field". Ministry of Energy of the Republic of Azerbaijan. Archived from the original on 29 June 2026. Retrieved 29 June 2026.
Umid field was the first gas condensate field discovered by SOCAR in the period of Azerbaijan's independence
- ↑ "SOCAR: "Daşgil-2" terminalının tikintisi 2025-ci ildə tamamlanacaq". İki sahil. 28 April 2022. Archived from the original on 1 May 2022. Retrieved 25 May 2026.
- ↑ "UBOC extends 'Neptun' rig operations at Umid gas field through 2027". Azernews. 12 April 2026. Archived from the original on 13 April 2026. Retrieved 25 May 2026.
- ↑ "Azerbaijani operator completes latest deep offshore well in Caspian Sea". Upstream Online. 10 March 2026. Retrieved 25 May 2026.
- ↑ Rzayeva, Gulmira (22 December 2010). "Umid Field Provides Azerbaijan with New Export Perspectives". Central Asia-Caucasus Analyst. Retrieved 22 June 2026.
The Umid structure is deep – approximately 6,500 meters below the seabed
- ↑ "Cabinet defines liabilities under RSA". AzerNews. 8 February 2017. Archived from the original on 8 February 2017. Retrieved 25 May 2026.
- ↑ "Aquaterra Energy seals 15k HPHT riser deal with UBOC for Azerbaijan project". Drilling Contractor. 29 July 2022. Archived from the original on 5 August 2022. Retrieved 25 May 2026.
- ↑ "UBOC lets riser contract in Azerbaijan". Oil & Gas Journal. 29 July 2022. Archived from the original on 1 August 2022. Retrieved 25 May 2026.
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