Trillion Energy International Inc. (CSE: TCF) (OTC
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Posted On: 09/05/2024 5:09:33 PM
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Completes Perforation Program, Boosts Gas Production to 7.3 MMCF/d
- SASB gas field is producing critical domestic supply of natural gas during Europe’s current energy crisis.
- With all perforations now complete, West Akcakoca-1 is producing 2.8 MMcf/d using a 28/64 choke to ensure its high pressure will not back out other wells.
- The next program phase aims to end this year with five development wells and one stratigraphic well, for a total of six producing wells.
Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye, has perforated all remaining gas pay in the SASB wells and has provided an update on production levels.
(The SASB gas field, which is located in the southwestern Black Sea, provides a domestic supply of natural gas to Türkiye, which is particularly critical during the current energy crisis that Europe is facing (https://nnw.fm/DbbA7 ).
“We have now perforated all remaining gas pay in the SASB wells,” said Trillion CEO Arthur Halleran. “We are pleased with the results. Installation of production tubing in the past required a jack-up rig, which was extremely expensive. However, we intend to run the new production tubbing without a rig using a snubbing unit, which is substantially cheaper and will provide a long-term production solution.”
The final set of perforations were on the West Akcakoca-1 well, resulting in strong pressure and initial gas flows (https://nnw.fm/OnSVm )
Trillion has previously reported on perforations of the West Akcakoca-1 well; this update notes that the well has now had the last three perforation intervals totaling 4 meters done. Previous delays caused by weather and equipment problems have been overcome, and the perforation program is now complete, with a total of five zones perforated.
Results for the perforation of West Akcakoca-1 note that the initial two perforated zones consisting of five meters of gas pay increased the well head pressure (“WHP”) from 1150 psi to 1350 psi, with the perforation of the subsequent three zones increasing WHP from 1350 psi to 1694 psi. Now, with all perforations complete, West Akcakoca-1 is producing 2.8 MMcf/d using a 28/64 choke to ensure its high pressure will not back out other wells.
“At this time, total combined production from the Akcakoca platform is 7.3 MMcf/d (100% interest), including the Guluc-2, West Akcakoca-1 and South Akcakoca-2 wells,” the company reported. “Production increases are expected as new tubing (velocity strings) are installed in the near future on additional wells.”
A conventional gas field located in the southwestern Black Sea, SASB consists of multiple conventional natural gas pools located in shallow water. The fields have produced more than 43 BCF since initial development began in 2007. Trillion began redeveloping the field in 2022 with a planned 17+/- well program; Phase B of the program outlines plans to end this year with five development wells and one stratigraphic well, for a total of six producing wells.
Trillion Energy International is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development, and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. Trillion Energy is also pursuing oil exploration in southeast Türkiye and beyond.
For more information regarding Trillion Energy, visit the company’s website at www.TrillionEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://nnw.fm/TRLEF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- SASB gas field is producing critical domestic supply of natural gas during Europe’s current energy crisis.
- With all perforations now complete, West Akcakoca-1 is producing 2.8 MMcf/d using a 28/64 choke to ensure its high pressure will not back out other wells.
- The next program phase aims to end this year with five development wells and one stratigraphic well, for a total of six producing wells.
Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye, has perforated all remaining gas pay in the SASB wells and has provided an update on production levels.
(The SASB gas field, which is located in the southwestern Black Sea, provides a domestic supply of natural gas to Türkiye, which is particularly critical during the current energy crisis that Europe is facing (https://nnw.fm/DbbA7 ).
“We have now perforated all remaining gas pay in the SASB wells,” said Trillion CEO Arthur Halleran. “We are pleased with the results. Installation of production tubing in the past required a jack-up rig, which was extremely expensive. However, we intend to run the new production tubbing without a rig using a snubbing unit, which is substantially cheaper and will provide a long-term production solution.”
The final set of perforations were on the West Akcakoca-1 well, resulting in strong pressure and initial gas flows (https://nnw.fm/OnSVm )
Trillion has previously reported on perforations of the West Akcakoca-1 well; this update notes that the well has now had the last three perforation intervals totaling 4 meters done. Previous delays caused by weather and equipment problems have been overcome, and the perforation program is now complete, with a total of five zones perforated.
Results for the perforation of West Akcakoca-1 note that the initial two perforated zones consisting of five meters of gas pay increased the well head pressure (“WHP”) from 1150 psi to 1350 psi, with the perforation of the subsequent three zones increasing WHP from 1350 psi to 1694 psi. Now, with all perforations complete, West Akcakoca-1 is producing 2.8 MMcf/d using a 28/64 choke to ensure its high pressure will not back out other wells.
“At this time, total combined production from the Akcakoca platform is 7.3 MMcf/d (100% interest), including the Guluc-2, West Akcakoca-1 and South Akcakoca-2 wells,” the company reported. “Production increases are expected as new tubing (velocity strings) are installed in the near future on additional wells.”
A conventional gas field located in the southwestern Black Sea, SASB consists of multiple conventional natural gas pools located in shallow water. The fields have produced more than 43 BCF since initial development began in 2007. Trillion began redeveloping the field in 2022 with a planned 17+/- well program; Phase B of the program outlines plans to end this year with five development wells and one stratigraphic well, for a total of six producing wells.
Trillion Energy International is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company holds a 49% interest in the SASB natural gas field, a Black Sea natural gas development, and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. Trillion Energy is also pursuing oil exploration in southeast Türkiye and beyond.
For more information regarding Trillion Energy, visit the company’s website at www.TrillionEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://nnw.fm/TRLEF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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