Trillion Energy International, an oil and gas firm focused on the Turkish section of the Black Sea, said Tuesday it had started drilling the Bayhanli-2 well at the SASB offshore gas field.
Bayhanli-2 is the fifth gas well in the company's multi-well drilling program at the SASB gas field development. The well is being drilled using the Uranus jack-up rig.
"The well targets a previously discovered gas pool, which was never previously produced, through a long reach directional well bore to enable production. The Bayhanli gas pool is a significant target and may likely require additional wells in the future to fully produce the economic reserves," Trillion Energy said.
Upon completion, the Bayhanli-2 well is expected to reach a total measured depth of 3,400 meters and true vertical depth of about 1,200 meters, extending horizontally over 2 kilometers from the East Ayazli offshore tripod. The well was spud on April 5th, 2023, and is currently drilled to a depth of 496 meters.
Trillion Energy expects that drilling, casing, perforation, and testing will take a total of about 45 days.
Earlier this month, Trillion Energy announced the results of its January 31, 2023 reserve report update for the SASB gas field, representing a "significant increase" due to additional discoveries being made after year-end.
Proved and probable conventional natural gas reserves (P2) increased to 63.3 BCF gross, up from 48.6 BCF (YE 2022), an increase of 30%.
"Net present value of proved and probable (P2) natural gas reserves (NPV10%) increased to USD $548 million net to Trillion, up from USD $426 million (YE 2022), a 29% increase," Trillion Energy said last week.
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