- Trillion Energy (TCF) has signed an agreement with Schlumberger to provide well design services and drilling support at the SASB gas field, Black Sea
- Schlumberger is the world’s leading provider of technology for drilling and production
- The initial engineering and planning services will be delivered during Q2 of 2022
- Trillion plans to drill over 13 wells at the SASB Gas Field starting in Q3 of 2022
- Trillion Energy International Inc. is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria
- Trillion Energy International Inc. (TCF) opened trading at C$0.225 per share
Trillion Energy (TCF) has signed an agreement with Schlumberger to provide well design services and drilling support at the SASB gas field.
Schlumberger is the world’s leading provider of technology for drilling and production to the global energy industry.
Art Halleran CEO of Trillion Energy sat down with Dave Jackson to discuss the news.
“SLB brings best in class engineering and drilling support services to our tool kit at SASB. Using their long reach drilling technology, directional drilling tools, and their vast hands-on engineering experience, SLB significantly lowers our capital costs for bringing new wells into production and increases the anticipated returns. They also significantly lower our drilling risks.”
The initial engineering and planning services will be delivered during Q2 of 2022, in anticipation of drilling to commence in Q3 2022.
Well designs will be for long reach, directionally drilled development wells, capable of reaching more than 2 kilometers horizontally from the rig location /production platforms to access the target gas pool, thereby eliminating the necessity for costly subsea tie-ins for most wells.
Trillion plans to drill over 13 wells at the SASB Gas Field, bringing one new well into production every 45 days, starting in Q3 of 2022, ramping up the company’s gas production revenue over that time frame. Each well is anticipated to cost approximately US$8.7M.
Trillion Energy International Inc. is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria.
Trillion Energy International Inc. (TCF) opened trading at C$0.225 per share.
