Trillion Energy begins work programme at SASB gas field in Turkey
Trillion Energy has initiated an operations programme at the South Akcakoca Sub-Basin (SASB) gas field in the Black Sea offshore Turkey.
The operations programme, which is expected to span two months, will involve multiple phases. It will focus on seven or eight wells, including six drilled last year and others with historical water loading issues.
Service contractors have been engaged for various tasks and marine vessels will transport the equipment offshore.
In June 2024, operations will commence with the perforation of 49m of gas pay across four wells, followed by the installation of a velocity string in the AKK-3 well.
The work, aimed at improving well performance, will take place on the Akcakoca platform and is estimated to last 20 days.
In July, the company plans to install gas velocity strings in additional wells on the Akcakoca Platform and two tripods. Pump installation in older wells is also planned as needed.
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By GlobalData
Trillion also announced a non-brokered private placement of up to 15,000,000 units at $0.09 per unit, aiming to raise $1.35m.
The offering includes a share and a two-year warrant, with a commitment from management to subscribe to at least 20% of the offering.
Last year, Trillion made a gas discovery at the SASB field, following the drilling of the West Akcakoca 1 well.
Drilled to a total measured depth (TMD) of 3,839m, the well encountered an abundance of gas pay.
Located in the south-western Black Sea, the SASB conventional gas field comprises several conventional natural gas pools in shallow water.
