Trillion Energy Successfully Re-completes Wells in VS Program
Trillion Energy has successfully completed velocity string tubing (VS) installations in four existing wells at the SASB Gas Field, Turkey, including three long-reach wells on the Akcakoca Platform. The operation aims to reduce water loading and increase production and recovery. Guluc-2 and West Akcakoca-1 wells have resumed production with steady improvement after experiencing previous production challenges. Akcakoca-3 continues production with reduced daily water production. The company plans to implement VS on two tripod wells and stimulate all wells to enhance reservoir performance. Operations faced delays due to winter weather and equipment ordering requirements.
Trillion Energy ha completato con successo l'installazione di tubi di velocità (VS) in quattro pozzi esistenti nel campo gasifero SASB, in Turchia, inclusi tre pozzi a lungo raggio sulla piattaforma di Akcakoca. L'operazione ha l'obiettivo di ridurre il caricamento d'acqua e aumentare la produzione e il recupero. I pozzi Guluc-2 e West Akcakoca-1 hanno ripreso la produzione con un costante miglioramento dopo aver affrontato precedenti sfide produttive. Akcakoca-3 continua la produzione con una riduzione della produzione giornaliera d'acqua. L'azienda prevede di implementare VS su due pozzi a treppiede e di stimolare tutti i pozzi per migliorare le prestazioni del serbatoio. Le operazioni hanno subito ritardi a causa delle condizioni meteorologiche invernali e dei requisiti per il rinvio delle attrezzature.
Trillion Energy ha completado con éxito la instalación de tuberías de velocidad (VS) en cuatro pozos existentes en el campo de gas SASB, en Turquía, incluidos tres pozos de largo alcance en la plataforma de Akcakoca. La operación tiene como objetivo reducir la carga de agua y aumentar la producción y recuperación. Los pozos Guluc-2 y West Akcakoca-1 han reanudado la producción con una mejora constante después de enfrentar desafíos de producción anteriores. Akcakoca-3 continúa la producción con una reducción en la producción diaria de agua. La empresa planea implementar VS en dos pozos de trípode y estimular todos los pozos para mejorar el rendimiento del reservorio. Las operaciones enfrentaron retrasos debido al clima invernal y a los requisitos de pedidos de equipos.
Trillion Energy는 터키 SASB 가스 필드에 있는 네 개의 기존 우물에서 속도 스트링 튜브(VS) 설치를 성공적으로 완료했습니다. 이에는 Akcakoca 플랫폼의 세 개의 장거리 우물이 포함됩니다. 이 작업의 목표는 물 부하를 줄이고 생산 및 회수를 증가시키는 것입니다. Guluc-2와 West Akcakoca-1 우물은 이전의 생산 문제를 겪은 후 안정적인 개선과 함께 생산을 재개했습니다. Akcakoca-3은 일일 물 생산량이 줄어든 상태로 계속 생산하고 있습니다. 이 회사는 두 개의 삼각대 우물에 VS를 적용하고 모든 우물을 자극하여 저수지 성능을 향상시킬 계획입니다. 겨울 날씨와 장비 주문 요건으로 인해 작업이 지연되었습니다.
Trillion Energy a réussi à accomplir l'installation de tubages de vitesse (VS) dans quatre puits existants au champ gazier SASB, en Turquie, y compris trois puits à longue portée sur la plateforme d'Akcakoca. L'opération vise à réduire le chargement d'eau et à augmenter la production et la récupération. Les puits Guluc-2 et West Akcakoca-1 ont repris la production avec une amélioration continue après avoir rencontré des défis de production antérieurs. Akcakoca-3 poursuit sa production avec une réduction de la production quotidienne d'eau. L'entreprise prévoit de mettre en œuvre le VS sur deux puits tripodes et de stimuler tous les puits pour améliorer la performance du réservoir. Les opérations ont rencontré des retards en raison des conditions météorologiques hivernales et des exigences de commande d'équipements.
Trillion Energy hat erfolgreich die Installation von Velocity String Tubing (VS) in vier bestehenden Brunnen im SASB-Gasfeld in der Türkei abgeschlossen, einschließlich drei Langstreckenbrunnen auf der Akcakoca-Plattform. Ziel der Operation ist es, die Wasserbelastung zu reduzieren und die Produktion sowie die Rückgewinnung zu steigern. Die Brunnen Guluc-2 und West Akcakoca-1 haben nach vorherigen Produktionsherausforderungen mit einer stetigen Verbesserung die Produktion wieder aufgenommen. Akcakoca-3 produziert weiterhin mit reduzierter täglicher Wasserproduktion. Das Unternehmen plant, VS an zwei Dreibeinbrunnen zu implementieren und alle Brunnen zu stimulieren, um die Leistung des Reservoirs zu verbessern. Die Operationen hatten aufgrund von Winterwetter und Anforderungen an die Bestellung von Geräten Verzögerungen.
- Successful installation of velocity string tubing in four wells
- Production resumed in Guluc-2 and West Akcakoca-1 wells with improvement
- Reduced water production in Akcakoca-3 well
- Operations delayed due to weather conditions
- Equipment supply chain delays affecting completion timeline
- Previous production challenges due to water loading issues
Vancouver, B.C. , Dec. 03, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce that it has successfully run 2 3/8 velocity string tubing (“VS”) in four existing wells, including three long reach wells on the Akcakoca Platform at the SASB Gas Field, Turkey.
The new tubing operation was conducted to reduce water loading, increase production and overall recovery from the wells. With the new tubing strings, the wells should be able to produce at a lower WHP (well head pressure) for a longer period.
Following the velocity string installation, production from Guluc-2 and West Akcakoca-1 commenced production again and is showing steady improvement, demonstrating the program's initial success in enhancing well performance. Both wells previously experienced production challenges causing down time due to water loading with the previous 4 1/2 tubing. The Akcakoca-3 well continues production with reduced daily water production.
The Company is presently planning the next phase of the operation, which is running the VS on two tripod wells and stimulating all the wells to clean up the producing reservoirs, build pressure and increase production. Choke sizes are being adjusted to minimize water production and maximize gas production. The Company has been injecting nitrogen into wells to flush out water build up as needed.
Winter weather conditions prolonged the operation and necessitated a week's break between the tripods and platform operation, as did the requirement for ordering additional equipment (burst disks) which are expected to arrive later this week.
The Company is confident that these measures will lead to an increase in production for these wells.
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 is
Contact
Arthur Halleran, Chief Executive Officer
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, 2022 and updated January 31 2023.
FAQ
What is the status of Trillion Energy's (TRLEF) velocity string program at SASB Gas Field?
How many wells received velocity string tubing in Trillion Energy's (TRLEF) December 2023 operation?
What are the results of Trillion Energy's (TRLEF) velocity string installation in the Akcakoca-3 well?
