Trillion Energy International, an oil and gas company focused on the Turkish section of the Black Sea, disclosed that the Uranus jack-up drilling rig is being prepared to move to its SASB natural gas field.
According to Trillion, once Uranus jack-up drilling rig is at the location, it will be used for a multi-well drilling program.
Trillion Energy’s multi-well development program initially includes seven natural gas production wells.
The company observed that the new development comes at a time when acute natural gas shortages are menacing Europe and Turkey. “Natural gas prices continue to spike, breaking historical records; the prospect of a cold winter looms with the worst shortages expected yet to come.”
Trillion Energy notes that the rig is currently undergoing an inspection, survey and permitting process, where the company has hired ModuSpec UK to carry out an inspection and testing before the rig is sent to Trillion Energy.
“The process is going as planned so far, with no major problems identified to date. Final inspection and acceptance is underway, then the rig will be hauled by marine ships to the SASB Gas field.”Trillion Energy
The transport time is about three days. When it arrives, the rig will be positioned at the Akcakoca offshore production platform. Positioning and jack-up of the rig should take a day, weather permitting. Other preparations will take two more days before the first well is spud on September 18 this year.
Arthur Halleran, CEO of the company Trillion Energy expressed his excitement over the historic achievement, while anticipating the start of the exploration.
“We are pleased to announce a clear path to drilling and gas production -we are counting the days before we embark on this historic milestone achievement to bring substantial new gas production into the region at a critical time.”Arthur Halleran
Recently, Trillion Energy International, subsidiary Park Place Energy Turkey contracted GSP Offshore to provide the jackup Uranus for the drilling program on the SASB gas field in the Turkish sector of the Black Sea.
The terms include a $95,000/day dayrate and a minimum of 100 days of drilling time. However, Trillion anticipates a total project time of eight to nine months.
Trillion plans to drill five wells from existing wellhead production platforms on SASB, with the wells put on production as soon as they are completed.
The first well may spud later this year, and each of the four wells should take about 40 days to drill.
In addition, Uranus will perform reentry and recompletion of two existing wells.