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Trillion Energy boosts production at SASB gas field

Energy, Market News
CSE:TCF
03 December 2024 14:56 (EST)
Trillion Energy's Akcakoca production platform

(Source: Trillion Energy)

Trillion Energy International (CSE:TCF) announced the successful installation of velocity string tubing (VS) in four wells at the SASB gas field in Turkey. This initiative, aimed at reducing water loading and improving gas recovery, marks a significant step forward in enhancing the efficiency of Trillion’s operations.

The installation included three long-reach wells on the Akcakoca platform. The VS technology enables wells to produce gas at lower wellhead pressures (WHP) for longer durations, addressing challenges with water loading that had previously hampered production.

Promising early results

Following the VS installation, the Guluc-2 and West Akcakoca-1 wells resumed production and are showing steady improvements. The Akcakoca-3 well continues to produce with a notable reduction in daily water output. These results highlight the initial success of the program in revitalizing well performance.

Trillion is planning the next phase of the operation, which will include:

Overcoming operational challenges

Winter weather and equipment delays, including a need to procure burst disks, slightly extended the operation’s timeline. Despite these hurdles, the company remains confident in the strategy’s potential to significantly boost gas production from these wells.

About Trillion Energy

Trillion Energy International focuses on oil and natural gas production in Europe and Turkey. The company holds a 49 per cent stake in the SASB natural gas field in the Black Sea and additional interests in the Cendere oil field. With continued efforts to enhance operational efficiency, Trillion Energy is well-positioned to meet growing natural gas demands in the region.

Trillion Energy stock (CSE:TCF) is up by 25 per cent trading at C$0.075 per share as of 2:25 pm ET. The stock has given back 72.22 per cent year-over-year.

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(Top photo of Trillion Energy’s Akcakoca production platform: Trillion Energy)


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