PriceSensitive

Trillion Energy (CSE:TCF) to commence 3D seismic reprocessing project for SASB

Energy, Socials, The Watchlist
CSE:TCF
31 January 2023 12:30 (EDT)

This browser does not support the video element.

Trillion Energy (TCF) has announced the commencement of its 3D seismic reprocessing project for SASB.

WesternGeco shot the existing 3D seismic data in 2004. Since then, there have been vast improvements in seismic data processing algorithms. Reprocessing with advanced pre-stack depth migration (PSDM) and incorporating time-depth data from wells drilled since the old PSTM model was created will create a superior model.

Benefits of the new PSDM seismic velocity model will include:

The data reprocessing is scheduled to commence in early March 2023 and is anticipated to take five to six months to complete.

CEO Arthur Halleran met with Sabrina Cuthbert to discuss the news.

“Reprocessing the 3D seismic data using modern cutting-edge technology will increase our understanding of the gas potential at SASB and is the first step to making significant new discoveries. The cost of reprocessing is infinitesimal compared to a new 3D shoot of this size. The reprocessing will allow the mapping of extensions to the existing structurally trapped gas pools, discover new gas pools and improve the resolution of the stratigraphic exploration prospects. I am excited about what we will also see in the deeper Cretaceous age formations, where onshore oil and gas seeps have been found 20 to 30 km from SASB.”

Trillion is an oil and gas-producing company with multiple assets throughout Turkiye and Bulgaria. The company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.

Trillion Energy International Inc. (TCF) opened trading at C$0.38.


Related News