The latest development well drilled offshore Turkey by state oil company TPAO and Canadian partner Trillion Energy has been a success, hitting more net gas pay than expected, and promising to boost production further at the long-neglected South Akcakoca Sub Basin (SASB) asset.
Trillion operates the gas-rich, shallow-water SASB block in the southwest Black Sea, having acquired a 36.75% in the asset for US$2.1 million in 2017 from Dubai-based Tiway Oil, which was in administration.
In 2018, Trillion acquired Foinavon Energy’s 12.25%
