- Trillion Energy (TCF) has signed a Memorandum of Understanding (MOU) to obtain drilling services from GSP Offshore SRL
- Trillion selected GSP as its Uranus jack-up drilling Rig is currently located in the Black Sea
- The Uranus rig is expected to commence service in July 2022
- Trillion Energy International Inc. is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria
- Trillion Energy International Inc. (TCF) opened trading at C$0.30 per share
Trillion Energy (TCF) has signed a Memorandum of Understanding (MOU) to obtain drilling services from GSP Offshore SRL (“GSP”).
The services are for Trillion’s planned SASB natural gas production and development program in the Black Sea.
Trillion selected GSP as its Uranus jack-up drilling Rig is currently located in the Black Sea, reducing mobilization costs.
Art Halleran CEO of Trillion Energy sat down with Dave Jackson to discuss the news.
“The signing of the MOU with GSP to provide drilling services at SASB with its Uranus drilling rig is an important step towards executing the development program for SASB, to ramp up production at the Gas Field during times of extreme gas shortages and high prices.”
GSP anticipates the Uranus rig will be able to commence service in July 2022 subject to a definitive agreement being executed by all parties. The initial program is expected to last 7 months with one new well being put into production every 15-45 days.
Following the initial program, Trillion plans to utilize the GSP rig for an additional 7-10 new well drillings
Trillion Energy International Inc. is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria.
Trillion Energy International Inc. (TCF) opened trading at C$0.30 per share.