Trillion Energy kicks off work program to expand SASB license area in the Black Sea

Trillion Energy International Inc (CSE:TCF) (OTCMKTS:TCFF) (FRA:3P2N), the Turkey and Bulgaria-focused oiler, said it has retained Oil and Gas Hunter (OGH) to conduct geophysical analysis to advance its plan to expand its current offshore acreage at the SASB Gas field aimed at discovering additional new gas resources and search for deeper gas potential in the contiguous blocks.

In a statement, Trillion Energy CEO Art Halleran said: “We are confident that the geophysical assessments by Oil and Gas Hunter will significantly increase our understanding of the gas resources on the SASB gas field.”

“The geophysical work is expected to define new exploration targets proximate to the Production Block but located outside the current boundaries and also to identify new gas on the existing production block as well as confirm existing targets to be drilled in our 2021 drilling program later this year,” he added.

READ: Trillion Energy, the Turkey and Bulgaria-focused oiler, reveals latest year-end reserves report

The company said that as part of the work program OGH will:

• Remap and assess existing drilling targets at the SASB Gas field and evaluate proposed drill locations and planned well trajectories;
• Assess all data in the contiguous blocks designated as the Exploration Area;
• Reprocess South Akcakoca 3D and regional 2D datasets in the production permit area and technical permit license area;
• Reinterpret and remap reservoir zones on the production block to identify limits of producing reservoir zones and potential bypassed reservoirs or reservoirs not adequately drained;
• Identify new play or prospect ideas and process additional datasets for use in evaluation of prospective areas.

Trillion Energy has multiple assets in Turkey and Bulgaria. It is a 49% owner of the SASB natural gas field, one of the Black Sea’s first and largest natural gas development projects. In addition, it has a 19.6% (except three wells with 9.8%) interest in the Cendere oil field; a 100% interest in a 42,833-hectare oil exploration block covering the northern extension of the prolific Iraq/ Zagros Basin.

In Bulgaria, the company has an interest in the Vranino 1-11 block, a prospective unconventional natural gas property.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Story by ProactiveInvestors