Trillion Energy subsidiary signs offshore Turkey drilling services contract

May 18, 2022
Park Place Energy Turkey Ltd. has signed an offshore drilling rig services contract with GSP Offshore SRL to secure a jackup rig for its 2022-2023 SASB drilling program.

Offshore staff

VANCOUVER, Canada — Trillion Energy International subsidiary Park Place Energy Turkey has contracted GSP Offshore to provide the jackup Uranus for a 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.

Uranus should mobilize from Romania to arrive at the offshore location in August.

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 in August, and each of the following four wells should take about 40 days to drill.

In addition, Uranus will perform reentry and recompletion of two existing wells.