Trillion plans to boost production from SASB gas field offshore Turkey
Canada's Trillion Energy on November 27 announced plans to boost production from its SASB gas field. The company will hold a workshop in Ankara, Turkey between December 4 and 8 to discuss ways of increasing production from its existing six wells as well as the 2024 work programme planning.
Trillion Energy has received a report from Frontier Project Solutions to assist in facilitating artificial lift solutions to curtail water loading issues.
The next phase of SASB development includes bringing on production from five additional wells next year, bringing the total producing wells to 11, targeting gas reserves in existing wells on the three tripods.
Preliminary indications suggest that at least two of the future sidetrack wells would benefit from artificial lift and may not have to be re-drilled, resulting in an 85% cost savings over redrilling, representing a savings net to the company of about $4mn per well. The other proposed sidetracks are also being evaluated for cost savings.
In addition to SASB, Trillion receives about $300,000 per month from the Cendere oil field.
The company is 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest-scale natural gas development projects and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. It has a 50% interest in three high impact oil exploration blocks in S.E. Turkey.