TRILLION ENERGY ANNOUNCES SASB WEST AKCAKOCA-1 WELL PERFORATIONS AND PRODUCTION UPDATE
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) has completed perforations on the West Akcakoca-1 well at the SASB gas field in the Black Sea. The well now has five perforated zones totaling 9 meters. Initial results show increased well head pressure (WHP) from 1150 psi to 1694 psi. West Akcakoca-1 is currently producing 2.8 MMcf/d using a 28/64 choke. Total combined production from the Akcakoca platform, including Guluc-2 and South Akcakoca-2 wells, is now 7.3 MMcf/d. The company expects further production increases with the installation of new tubing (velocity strings) on additional wells. Trillion plans to use a cost-effective snubbing unit for tubing installation instead of an expensive jack-up rig.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) ha completato le perforazioni sul pozzo West Akcakoca-1 nel giacimento di gas SASB nel Mar Nero. Il pozzo presenta ora cinque zone perforate per un totale di 9 metri. I risultati iniziali mostrano un aumento della pressione al fondale del pozzo (WHP) da 1150 psi a 1694 psi. West Akcakoca-1 sta attualmente producendo 2.8 MMcf/d utilizzando un choke da 28/64. La produzione totale combinata dalla piattaforma Akcakoca, inclusi i pozzi Guluc-2 e South Akcakoca-2, è ora di 7.3 MMcf/d. L'azienda prevede ulteriori incrementi di produzione con l'installazione di nuovi tubi (velocità di flusso) su pozzi aggiuntivi. Trillion prevede di utilizzare un'unità di snubbing economica per l'installazione dei tubi invece di una costosa piattaforma jack-up.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) ha completado las perforaciones en el pozo West Akcakoca-1 en el campo de gas SASB en el Mar Negro. El pozo ahora tiene cinco zonas perforadas que suman 9 metros. Los resultados iniciales muestran un aumento de la presión en la cabeza del pozo (WHP) de 1150 psi a 1694 psi. West Akcakoca-1 está produciendo actualmente 2.8 MMcf/d utilizando un choke de 28/64. La producción total combinada de la plataforma Akcakoca, incluidos los pozos Guluc-2 y South Akcakoca-2, es ahora de 7.3 MMcf/d. La empresa espera aumentos adicionales en la producción con la instalación de nuevos tubos (cadenas de velocidad) en pozos adicionales. Trillion planea usar una unidad de snubbing rentable para la instalación de tubos en lugar de una costosa plataforma jack-up.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF)는 흑해의 SASB 가스 전 field의 West Akcakoca-1 우물에서 천공을 완료했습니다. 이 우물은 현재 총 9미터에 달하는 다섯 개의 천공 구역을 보유하고 있습니다. 초기 결과는 우물의 헤드 압력이 (WHP) 1150 psi에서 1694 psi로 증가했음을 보여줍니다. West Akcakoca-1은 현재 28/64 차단 장치를 사용하여 2.8 MMcf/d를 생산하고 있습니다. Guluc-2 및 South Akcakoca-2 우물을 포함한 Akcakoca 플랫폼의 총 결합 생산량은 현재 7.3 MMcf/d입니다. 회사는 추가 우물에 새로운 튜빙(속도 스트링)을 설치하여 더 많은 생산 증가를 기대하고 있습니다. Trillion은 비용 효율적인 스너빙 유닛을 사용하여 튜빙 설치를 계획하고 있으며, 비용이 많이 드는 잭업 리그 대신입니다.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) a terminé les perforations sur le puits West Akcakoca-1 dans le champ gazier SASB en mer Noire. Le puits a maintenant cinq zones perforées totalisant 9 mètres. Les résultats initiaux montrent une augmentation de la pression au niveau du puits (WHP) de 1150 psi à 1694 psi. West Akcakoca-1 produit actuellement 2.8 MMcf/d en utilisant un choke de 28/64. La production totale combinée de la plateforme Akcakoca, y compris les puits Guluc-2 et South Akcakoca-2, est maintenant de 7.3 MMcf/d. La société prévoit d'augmenter encore la production grâce à l'installation de nouveaux tubes (cordons de vitesse) sur d'autres puits. Trillion prévoit d'utiliser une unité de snubbing économique pour l'installation de tubes au lieu d'une coûteuse plateforme jack-up.
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) hat die Perforationen am Bohrloch West Akcakoca-1 im SASB-Gasfeld im Schwarzen Meer abgeschlossen. Das Bohrloch verfügt nun über fünf perforierte Zonen mit insgesamt 9 Metern. Die ersten Ergebnisse zeigen einen Anstieg des Bohrlochdrucks (WHP) von 1150 psi auf 1694 psi. West Akcakoca-1 produziert derzeit 2.8 MMcf/d unter Verwendung eines 28/64 Chokes. Die gesamte kombinierte Produktion von der Akcakoca-Plattform, einschließlich der Bohrlöcher Guluc-2 und South Akcakoca-2, beträgt nun 7.3 MMcf/d. Das Unternehmen erwartet weitere Produktionssteigerungen durch die Installation neuer Rohre (Geschwindigkeitsstränge) in zusätzlichen Bohrlöchern. Trillion plant, eine kostengünstige Snubbing-Einheit für die Rohreinbauarbeiten zu verwenden, anstatt eine teure Jack-up-Bohranlage.
- Completion of perforation program on West Akcakoca-1 well
- Increased well head pressure from 1150 psi to 1694 psi
- Current production of 2.8 MMcf/d from West Akcakoca-1
- Total combined production of 7.3 MMcf/d from Akcakoca platform
- Expected production increases with installation of new tubing
- Cost-effective snubbing unit to be used for tubing installation
- None.
The SASB gas field produces a critical domestic supply of natural gas to Türkiye
VANCOUVER, B.C., July 30, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide an update on perforations of the West Akcakoca-1 well at the SASB gas field located in the southwestern Black Sea and production progress to date.
The West Akcakoca-1 well has now had the remaining three perforation intervals totaling 4 metres perforated for a total of five zones. Prior delays involving weather conditions and waiting for spare parts to advance the operation have been overcome and the perforation program is now complete.
Results for the perforation of West Akcakoca-1 are as follows:
- The initial two perforated zones consisting of 5 metres of gas pay increased the well head pressure (“WHP”) from 1150 psi to 1350 psi.
- Perforation of the subsequent three zones increased WHP from 1350 psi to 1694 psi.
- West Akcakoca-1 is now producing 2.8 MMcf/d using a 28/64 choke to ensure its high-pressure will not back out other wells.
At this time, total combined production from the Akcakoca platform is 7.3 MMcf/d (
Arthur Halleran CEO of Trillion stated:
“We have now perforated all remaining gas pay in the SASB wells. We are pleased with the results. Installation of production tubing in the past required a jack-up rig which was extremely expensive. However, we intend to run the new production tubing without a rig using a snubbing unit, which is substantially cheaper and will provide a long-term production solution.”
About the Company
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company holds a
Contact
Brian Park, Vice President of Finance
1-778-819-1585
e-mail: info@trillionenergy.com;
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.
These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company’s filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2023.
FAQ
What is the current production rate of the West Akcakoca-1 well for Trillion Energy (TRLEF)?
How many perforated zones does the West Akcakoca-1 well now have?
What is the total combined production from the Akcakoca platform for Trillion Energy (TRLEF) as of July 2024?
How does Trillion Energy (TRLEF) plan to install new production tubing in their wells?
