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Black Sea Natural Gas Project – South Akcakoca Sub-Basin Gas Field (SASB)
SASB is the Black Sea’s first commercial natural gas development project
Phases I & II of the SASB Project were developed between 2008 – 2012 at a total cost of US $608m which was invested by the project partners at the time
Trillion Energy’s 100% owned subsidiary, Park Place Energy Turkey Limited “PPETL” invested approximately US $180m for a 36.75% interest in the SASB Project to 2013.
From 2008 to the present, the SASB Gas field has produced approximately 41 BCF of Natural Gas (100%) shared between the project partners.
During 2017/18 – Trillion Energy acquired a 100% of PPETL, which at that time, owned 36.75% of SASB Gas field
During 2018, Trillion Energy purchased an additional 12.25% bringing its total interest to 49% of the SASB Gas Field
During 2018 and continuing into 2019, Trillion Energy /PPETL have embarked on an assessment and study for the future potential of the SASB gas field. This assessment is ongoing and is expected to be completed prior to the end of 2019.