Trillion Energy Updates on Operational Progress in SASB Project
Trillion Energy Provides Update on SASB Offshore Project
Trillion Energy International Inc. ("Trillion" or the "Company") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is thrilled to share exciting operational developments regarding its SASB offshore gas project in Turkey.
Recent Developments in Well Operations
In a significant move this year, Trillion successfully installed new velocity string tubing in two of its tripod-based wells, namely Alapli-2 and Bayhanli-2. The process was executed swiftly, taking about two weeks, and follows the earlier installation of similar equipment in four wells at the Akcakoca platform during the prior fall.
This brings the total number of wells enhanced with the innovative smaller-diameter tubing to six, representing a key strategy to reduce water loading and improve overall production efficiency.
Nitrogen Injection Techniques
After implementing the velocity string program, the company injected nitrogen into these wells. This approach was vital in flushing out water, decreasing bottom hole pressure, and stimulating gas production. The positive response from these wells to the nitrogen application showcases both the effectiveness of the velocity strings and the role of water reduction in optimizing performance.
Innovative Production Techniques on the Horizon
In response to the encouraging results from recent operations, Trillion Energy is exploring various artificial lift techniques across multiple wells to ensure sustained production rates. A pivotal aspect of this advancement includes acquiring a gas lift compressor system intended for consistent gas lift injection into selected wells.
Upcoming Compressor Testing
Before this compressor is deployed to the Akcakoca platform, it will undergo testing at an onshore natural gas well. This initial phase will involve necessary modifications, such as piping and cabling, to optimize performance upon installation.
Commitment to Sustaining Production Levels
Testing of the gas lift compressor is on track to commence soon, with completion of mobility to the platform anticipated shortly thereafter. Following the installation, high-pressure nitrogen injection will be implemented to further stimulate production levels.
Additionally, various pump solutions are being introduced to combat water loading and enhance well performance. Among the resources being deployed are one Progressive Cavity Pump (PCP) along with two slim-hole Electric Submersible Pumps (ESPs), which will be integrated into the new tubing systems. These enhancements are designed to maintain long-term production efficiency moving forward.
Company Overview
Trillion Energy International Inc. is focused on producing oil and natural gas for both European markets and Turkey, boasting significant natural gas assets in the region. The Company holds a 49% stake in the SASB natural gas field, part of a larger Black Sea natural gas development, and possesses a 19.6% interest in the Cendere oil field.
For further information about Trillion Energy, interested parties can visit the official website or consult the investor resources available online.
Contact Information
Contact:
Sean Stofer, Chairman
Brian Park, VP of Finance
Phone: 1-778-819-1585
Email: info@trillionenergy.com
Website: www.trillionenergy.com
Frequently Asked Questions
What is the latest update from Trillion Energy?
Trillion Energy has announced successful installations of new velocity string tubing in two key offshore wells, enhancing gas production capabilities.
What techniques are being implemented to increase production?
The company is utilizing nitrogen injections and acquiring gas lift systems to boost production efficiency at their offshore gas project.
When are the upcoming tests for the gas lift compressor scheduled?
Testing is set to begin shortly with the aim to deploy the system on the platform soon after its successful evaluation.
How does the new pump technology improve well performance?
New pumps like PCPs and ESPs are integrated to manage water loading and optimize production, which is critical for sustained output.
What is Trillion Energy’s focus in the oil and gas sector?
Trillion Energy is dedicated to oil and natural gas production, concentrating primarily on assets in Turkey and the wider European market.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
