Canadian oil and gas producerTrillionEnergy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye.
Bringing what the company describes as a “transformative year” to an end, Trillion announced in its 2023 outlook that it expects 12 months of continuous drilling to take place at the SASB natural gas field, where the plan is to bring on eight new wells or workovers into production, two per quarter.
In Q1 2023, the Canadian company anticipates double production through the completion, perforation, and testing of the Ak-West and Guluc-2 wells, while six additional wells are expected to be drilled off of other platforms in the SASB gas field between Q2 and Q4 2023.
According to Trillion, the plan is to use revenue from the initial wells to fund additional CAPEX costs for the $100 million Phase A & B SASB development programs, consisting of about 17 wells.
AfterhiringtheUranusjack-up rig in May, Trillion spudded itsfirst well,South Akçakoca-2, in the drilling campaignon theSASB natural gas fieldin September. The following month, the Canadian firm disclosed preliminary gas indications from this well, afternumerous potential gas zoneswere identified on logging.
In November,the flow test resultsfor this well were revealed and the companystarted the recompletion workon the second well –Akçakoca-3– in its drilling program for the shallow-water conventional gas field.Once the wellcame on stream, the company announced the well’sflow test results.
At the end of last month, Trillion Energy reported that the Uranus rig wasrepositioned to drilltheWest Akçakoca-1well, the third one in the SASB development program.At the time, the Canadian player underlined that both the West Akçakoca-1 andGuluc-2wells would be spudded a few weeks apart and completed in sequence.
The company confirmed last week that it had started drilling the fourth well – Guluc-2 – at the gas field. Upon completion, the rig will move back and complete the West Akçakoca-1 well.
Trillion Energy notes that it exits 2022 with between 7 and 8.2/d production sold at over $30/MCF from AK-3 and AK-South wells.
