Umid field was discovered in November 2010 by SOCAR. In September 2012 development of the field started. At present three wells have been drilled from the Umid-1 platform, but only two ones are currently in operation, which give SOCAR about 1.3-1.35 million cub.m. of tank gas a day.
The field is being developed by SOCAR Umid joint venture (JV), which was established specially for this purpose. SOCAR has 80% share in JV and 20% is owned by Novel Oil company.
Umid field is located 75 km away from Baku and 40 km away from the shore.