PriceSensitive

Trillion Energy spuds sixth well at Black Sea gas field development

Energy, Market News
CSE:TCF
09 June 2023 12:46 (EST)

Source: Trillion Energy.

Trillion Energy (CSE:TCF) reported the spudding, or beginning of drilling, of the Alapli-2 natural gas well at its offshore Türkiye facility.

Located in the South Akcakoca Sub-Basin Gas Field (SASB) gas field in the Black Sea, this is the sixth well in the company’s multi-well program.

Alapli-2 is a long-reach directional well being drilled from the Akkaya tripod and which will twin the Alapli-1 exploration well.

Though it was never put on production, the Alapli-1 well was perforated and tested at a combined rate of +7 MMcf/d, indicating to the team that the gas pool is economic. Meanwhile, the Bayhanli-2 gas well has averaged 8 MMcf/d (100 per cent) of natural gas production in its first six full days of operation.

The company’s CEO, Arthur Halleran, commented on the news.

“Alapli-2 is a guaranteed success, being a twin of an unproduced exploration well with significant reserves. At completion in about 45 days, we will have six gas wells on production at SASB. We are also now getting fantastic flush gas production from Bayhanli-2 our top producer to date,” Halleran said.

Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Türkiye and Bulgaria. The company recently reported that its drilling rig had moved to the Akkaya Platform for drilling of the Alapli-2 well and drilling successes at the SASB had resulted in record revenues of US$6.2 million. Click here to read more.

Trillion Energy International Inc. (TCF) opened trading at $0.34 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

Related News