Trillion Energy International Inc (CSE:TCF, OTCQB:TRLEF) told investors it has now spudded Bayhanli-2, its fifth well at the SASB Gas field, on the Black Sea, in Turkey.
Bayhanli-2 is targeting a previously-discovered gas pool, which was never previously produced, through a long reach directional well bore to enable production, the company explained in a statement.
It is described by the company as a significant target which will likely require additional wells in the future to fully produce the economic reserves.
The well is to be drilled down to a depth of 3,400 meters (true vertical depth of 1,200 meters, plus a horizontal extension).
The spud occurred on April 5, Trillion noted, and it is expected that the drilling, casing, perforation and testing will take about 45 days to complete.
Trillion holds a 49% interest in SASB, which is seen as one of the Black Sea’s largest-scale projects. Up to 11 new wells are slated to come online in the project during 2023.