Trillion Energy International Inc. said Tuesday it had spudded its fifth well in Turkey’s SASB field on track for drilling completion by May.
The Bayhanli-2 well in the Black Sea field “targets a previously discovered gas pool which was never previously produced”, the Vancouver city-headquartered company said in a press release. It was spudded April 5, Trillion said.
The well is expected to reach a total depth of 11,154.86 feet (3,400 meters) and 3,937.01 ft (1,200 m) in true vertical depth.
“The Bayhanli gas pool is a significant target and may likely require additional wells in the future to fully produce the economic reserves”, Trillion said.
“We anticipate that drilling, casing, perforation and testing will take a total of about 45 days”, the Canada- and Germany-listed company said.
The company earlier announced its proved and probable conventional gas reserves in the SASB field climbed 30 percent to 63.3 billion cubic feet (Bcf) as of January 2023 from 48.5 Bcf last year.
“We expect that our continued drilling program will continue to grow our reserves throughout the year, further enhancing value to shareholders”, chief executive Arthur Halleran said in a release April 5.
Trillion earlier said its Guluc-2 and West Akcakoca-1 natural gas wells, both in the SASB field, had completed testing.
Guluc-2 “will now enter long-term production rate of about 6MMcf/d [million cubic feet per day]”, it said March 29.
Two zones of West Akcakoca-1 “were flow tested at a rate of 5.9 MMcf/day” and would now start long-term production, Trillion said in a release March 28.
The other two wells in the field, Akcakoca and South Akcakoca-2, started production in November 2022. The two wells contributed to Trillion’s $2,647,053 revenue before royalties in December from 87.4 MMcf of gas production.
“As per our plan, the gas revenues generated [from December] are being used to fund further drilling activities at SASB”, Halleran said in a release January 25.
Trillion expects 11 wells to begin production this year.
Trillion calls the SASB field, in the southwestern Black Sea, one of the sea’s biggest natural gas development projects. It owns 49 percent and has 21 well programs in the development of the field.
SASB comprises “numerous” shallow-water pools of conventional natural gas and since initial development in 2007 has produced over 42 Bcf, according to Trillion’s website.
“The SASB gas field is producing critical domestic supply of natural gas during the energy crisis gripping Europe at this time”, the website states.
In October Trillion said it has been fully funded to raise natural gas production in SASB for Europe, noting the Nord Stream shutdown and other closures.
“This supply is imperative, as multiple sources of gas in which Europe has previously depended on are going go offline [sic], such as the Nord Stream I & II pipelines which are now non-operational suffering explosions last week [September 26, 2022, as reported by owner Nord Stream AG] and the Groningen field, owned by ExxonMobil and Shell has been forced to reduce production by the Dutch government to less than 2 BCM for 2023 – down from 4+ BCM for 2022”, Trillion said.
“Also, last week Russia cut gas supplies to Italy, reduced Moldova’s gas supply by 30 percent and announced closure of the pipeline going through Ukraine to Europe”, Trillion said in the October 4 announcement.
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