M47 Oil Exploration Block Project
Sector: Oil and Gas • Location: Türkiye
Source: Proactive financial news
Trillion Energy International Inc. is advancing its M47 oil exploration block in southeastern Türkiye. The project involves exploration drilling and development of a 32.4° API light oil resource in the Cudi-Gabar province, a proven petroleum system with major discoveries and established regional production. The project economics have improved due to a global oil supply disruption, with Brent crude
- Status
- Prospective
- Sector
- Oil and Gas
- Location
- Turkey
- Updated
- 22 Jul 2026
- Source
- Proactive financial news
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Project Information
Participants
| Not available for this record. |
Status
Original status | under development |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Trillion Energy International Inc. is advancing its M47 oil exploration block in southeastern Türkiye. The project involves exploration drilling and development of a 32.4° API light oil resource in the Cudi-Gabar province, a proven petroleum system with major discoveries and established regional production. The project economics have improved due to a global oil supply disruption, with Brent crude prices trading above $100 per barrel, significantly higher than the previous evaluation price assumption of $63.68 per barrel for 2026. |
Original sector | Energy |
Budget |
Location
Country | Turkey |
Source
Source | Proactive financial news |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2026-04-30 |
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