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Trillion Energy (CSE:TCF) spuds fifth well at SASB gas field development

Energy, The Watchlist
CSE:TCF
11 April 2023 15:26 (EDT)

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Trillion Energy (TCF) is reporting the spudding of the Bayhanli-2 well at the SASB gas field offshore Turkey.

Bayhanli-2 is the fifth gas well in Trillion’s multi-well drilling program at SASB. The well targets a previously discovered gas pool, which was never previously produced, through a long-reach directional well bore.

The Bayhanli gas pool is a significant target and may require additional wells to fully produce the economic reserves.

Source: Trillion Energy.

The company spud the well on April 5, 2023, which is currently drilled to a depth of 496 m. Management anticipates that drilling, casing, perforation and testing will be completed over 45 days.

Upon completion, management expects Bayhanli-2 to reach a total measured depth of 3,400 m and true vertical depth of roughly 1,200 m, extending horizontally over 2 km from the East Ayazli offshore tripod.

Colin Robson, VP Corporate Development, spoke with Brieanna McCutcheon about the news.

Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Turkey and Bulgaria. The company is a 49-per-cent owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects.

Trillion Energy International (TCF) opened with a gain of 1.29 per cent trading at $0.39 per share.

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