Advanced directionally drilled wells to be engineered by SLB for SASB gas field February 16, 2022 - Vancouver, BC - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is pleased to announce it has signed a purchase order (“PO”) with Schlumberger (“SLB”) to provide all well engineering design services and drilling support for new well drilling operations at the SASB gas field, Black Sea. Schlumberger is the world’s leading provider of technology for drilling and production to the global energy industry. SLB’s services will include design and engineering of: well directional trajectories, offset analysis, casing requirements, drilling mud programs, directional tools, and the like. The initial engineering and planning services will be delivered during Q2 of 2022, in anticipation of drilling to commence in Q3 2022. SLB 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. It is the Company’s plan to drill over 13 wells at the SASB Gas Field in this manner, bringing one new well into production every 45 days, starting in the 3 Qtr of 2022 and the duration of 2023, thereby significantly ramping up the Company’s gas production revenue over that time frame. Each well is anticipated to cost approximately USD $8.7m (100% interest – USD $4.3m net to us)
Art Halleran CEO stated: “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.” |