- Bringing a well into production involves several critical steps, including drilling, completion and the establishment of infrastructure to extract and transport the gas.
- Recently Trillion Energy announced that its Akcakoca-3 well at the SASB Gas Field has been put into production.
- Company reports that all wells but one have been put on production or flow tested to determine if gas is present and capable of production.
Natural gas has emerged as a crucial component of the global energy landscape, serving as a cleaner alternative to coal and oil. For a natural gas company, such as Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), bringing a well into production is a pivotal step that not only signifies operational progress but also leverages the potential for economic growth, environmental sustainability and energy security.
Bringing a well into production involves several critical steps, including drilling, completion and the establishment of infrastructure to extract and transport the gas. This process transforms a previously untapped reservoir of natural gas into a functioning source of energy. The successful production of natural gas involves not only the technical aspects of drilling and extraction but also adherence to regulatory requirements, environmental considerations and market demand.
Once a well is in production, it starts generating revenue for the company. This can significantly impact the company’s financial health, allowing for reinvestment into further exploration and development, technological advancements and enhanced operational efficiencies. A well’s production capability is often measured in terms of its output volume, typically expressed in thousands of cubic feet per day (“MCF/D”). Higher production rates can lead to increased profitability, making the efficient operation of gas wells crucial.
Today, natural gas is recognized as a promising business sector for several reasons. First, the global demand for cleaner energy sources continues to rise. As countries transition away from coal and oil, natural gas is often seen as a bridge fuel, facilitating the shift toward renewable energy sources while maintaining energy reliability.
Trillion Energy, a Canadian oil and gas exploration and production company, is working to become a leader in this sector. Recently the company announced that its Akcakoca-3 well at the SASB Gas Field has been put into production (https://ibn.fm/XYZZm). According to the announcement, 11 meters of gas pay was perforated in the Akcakoca-3 well in July, but due to delayed pressure buildup, it was not initially produced. However, last month the well head pressure (“WHP”) for Akcakoca-3 had increased to 616 psi and the well was put into production. Trillion Energy reported that initial production flow rates were 4.28 million cubic feet per day (“MMcf/d”), which increased to 4.66 MMcf/d with WHP increasing to 645 psi. At the same time, Trillion Energy’s Alapli-2 well was opened to test pressure, resulting in gas flow to surface. However, the well is not producing gas in significant quantities at this time, so production is pending installation of velocity strings.
“We are thrilled with the strong performance of Akcakoca-3 and the successful flow tests at Alapli-2,” said Trillion Energy CEO Arthur Halleran. “All the wells except Bayhanli-2 have now been put on production or flow tested to ascertain if gas is present and capable of production in the 4-1/2-inch production tubing. This confirms that once the 2-3/8-inch is installed in the wells the gas will flow in a predictable and stable manner.”
Putting a natural gas well into production is a multifaceted process that is key for the success of a company operating in this space. With the growing global focus on sustainable energy, investing in natural gas production represents not only a lucrative opportunity but also a pathway to a more secure and environmentally responsible energy future.
Trillion Energy International is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The company is 49% owner of the SASB natural gas field, a Black Sea natural gas development, and has a 19.6% interest (except three wells with 9.8%) in the Cendere oil field.
For more information, visit www.TrillionEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to TRLEF are available in the company’s newsroom at https://ibn.fm/TRLEF
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