Trillion Energy
Trillion Energy International Inc. is a Canadian publicly listed oil and gas exploration and production company advancing a 29% working interest in the M47 Block in southeastern Türkiye's Cudi-Gabar petroleum province, targeting first commercial light oil production by mid-2027.
- Company typePublic
- Founded2021
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Trillion Energy does
Trillion Energy International Inc. is a Canadian publicly listed oil and gas exploration and production company headquartered in Vancouver, British Columbia, traded on the Canadian Securities Exchange (TCF), the Frankfurt Stock Exchange (Z62), and OTC markets (TRLED). Following a 2026 strategic pivot, the company's operations are concentrated on a 29% earned working interest in the M47c,d oil exploration block — a 450 km² onshore concession in the Cudi-Gabar petroleum province of southeastern Türkiye — acquired via a US$15 million earn-in agreement. The company employs a 'closeology' exploration strategy, leveraging the block's proximity to Turkish Petroleum Corporation-operated producing fields such as Şehit Aybüke Yalçın and Şehit Esma Çevik to reduce exploration risk.
The company's core technical asset is the M47 Block, where two wells drilled in 2025 encountered oil in the same carbonate Cretaceous reservoirs found in neighbouring TPAO fields, and the C-1 exploration well confirmed a 32.4° API light oil discovery with 38 metres of net oil pay within a 76.6-metre gross reservoir interval. An independent resource evaluation by Chapman Hydrogen and Petroleum Engineering Ltd. (effective March 31, 2026) certified 2C Contingent Oil Resources of 27.6 MMbbl (24,186 MSTB net to Trillion's 29% interest) on the North Lead Discovery, with a total block unrisked resource potential of 51.6 MMbbl across three prospects and an unrisked NPV-10 of US$733.5 million at 81% chance of development. Infrastructure advantages include access to a regional pipeline network with over 150,000 boe/d capacity and truck haul to the Tüpraş Batman refinery 130 km away, providing zero maritime exposure.
Trillion Energy's business model is centred on pre-production oil development funded through sequential equity raises — including a $22.5 million public offering in June 2022 and multiple smaller private placements through 2024-2026 — with first commercial oil revenue targeted by mid-2027. Following the April 2026 sale of its legacy South Akcakoca Sub-Basin and Cendere assets, the company retained a 7% Gross Overriding Royalty on future production from those fields once cumulative gross revenues exceed $7.5 million, while concentrating capital on the higher-impact M47 opportunity. As of early 2026, the company had 11-50 employees, had applied for revocation of a Management Cease Trade Order related to delayed 2025 filings, and was advancing toward drill-readiness with approximately US$500,000 paid against the US$9.5 million first tranche of its 2026-2027 work program commitment.
Trillion Energy firmographics
Firmographics- Name
- Trillion Energy
- Legal name
- Trillion Energy International Inc.
- Website
- https://trillionenergy.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Trillion Energy International Inc. is a Canadian publicly listed oil and gas exploration and production company advancing a 29% working interest in the M47 Block in southeastern Türkiye's Cudi-Gabar petroleum province, targeting first commercial light oil production by mid-2027.
- Ownership category
- akta.pro rank
Trillion Energy industry classification
Industry- Product category
- Oil & Gas Exploration and Production
- NAICS
- Crude Petroleum Extraction (21112), Oil and Gas Extraction (211)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)
Keywords
Where Trillion Energy is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Trillion Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D
Revenue model
- Oil Production and Sales: Trillion Energy is building an oil position in southeastern Türkiye's Cudi-Gabar province. The company plans to generate revenue through first commercial oil production from the M47 block, expected by mid-2027, utilizing both regional pipeline network (over 150,000 boe/d capacity) with Şehit Esma Çevik as the first tie-in, plus truck haul to the Tüpraş Batman refinery (130 km).
- Gross Overriding Royalty: Through the sale of Park Place Energy Turkiye Limited, Trillion retains a 7% Gross Overriding Royalty on future production revenues once cumulative gross revenues exceed $7.5 million from the South Akcakoca Sub-Basin natural gas project and Cendere oil field.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Trillion Energy product offering
Product offeringCore offering
Trillion Energy is an oil and gas exploration and production company focused on developing oil reserves in southeastern Türkiye. Its primary asset is a 29% earned working interest in the M47c,d onshore oil block covering approximately 450 km² in the Cudi-Gabar petroleum province. The company is targeting first commercial light oil production by mid-2027, with confirmed 2C Contingent Resources of 27.6 MMbbl and total block unrisked resource potential of 51.6 MMbbl across three prospects targeting the Cretaceous Mardin Group carbonate reservoir.
Product overview
Trillion Energy is an oil exploration and production company focused on southeastern Türkiye's Cudi-Gabar petroleum province. The company's primary asset is a 29% earned working interest in the M47 Block, a 450 km² onshore oil exploration concession that hosts a light oil discovery with 2C Contingent Resources of 27.6 MMbbl and total block unrisked resource potential of 51.6 MMbbl. The company is advancing a drilling program targeting first commercial production by mid-2027, supported by regional pipeline infrastructure. Following the sale of its legacy South Akcakoca Sub-Basin and Cendere assets, Trillion retains a 7% Gross Overriding Royalty on future production from those fields while focusing capital on the higher-impact M47 opportunity.
Differentiator
Problem solved
Functional benefit
Products and services
- M47 Block (M47c,d Oil Exploration Block) A 29% earned working interest in the M47c,d onshore oil exploration block covering approximately 450 km² in the Cudi-Gabar petroleum province of southeastern Türkiye. Features a light oil discovery with 2C Contingent Resources of 27.6 MMbbl and total block unrisked resource potential of 51.6 MMbbl across three prospects targeting the Cretaceous Mardin Group carbonate reservoir.
- M47 Oil Development Project Development project at the M47 oil block featuring a two-well drilling program and seismic work, with infrastructure advantages including pipeline access and proximity to local markets in southeastern Türkiye near the borders of Iraq and Syria.
- 7% Gross Overriding Royalty (South Akcakoca/Cendere) A 7% Gross Overriding Royalty retained on future production revenues from the South Akcakoca Sub-Basin natural gas project and Cendere oil field, once cumulative gross revenues exceed $7.5 million. This royalty position was retained following the sale of Park Place Energy Turkiye Limited.
Quantifiable outcome
- 2C Contingent Resources of 27.6 MMbbl (24,186 MSTB net to Trillion's 29% working interest) on the North Lead Discovery with unrisked NPV-10 of US$733.5 million
- +4 more outcomes
Companies that use Trillion Energy
Customer profileSegments2 records
Ideal customer profiles2 records
Trillion Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Trillion Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Park Place Energy Turkiye Limited BuyerminorThrough a subsidiary, Trillion sold all shares in Park Place Energy Turkiye Limited, which held the company's license interests in the South Akcakoca Sub-Basin natural gas project and the Cendere oil field. The transaction transferred approximately $20 million in associated liabilities to the buyer while eliminating over $20 million in legacy liabilities from Trillion's balance sheet. Trillion retained a 7% Gross Overriding Royalty on future production revenues.
- Turkish Petroleum Corporation (TPAO)coreTPAO operates producing fields adjacent to Trillion's M47 block including the Sehit Ayabuke Yalcin (Türkiye's largest onshore light oil discovery) and Sehit Esma Cevik fields. Two wells drilled in 2025 on the M47 block encountered oil in the same carbonate Cretaceous reservoirs found in nearby TPAO fields, confirming reservoir continuity. Regional fields operated by TPAO are currently producing around 80,000 barrels of oil per day with a stated target of 100,000 bbl/d.
- M47 Block Partners (Farm-In Agreement)coreTrillion Energy signed an agreement to earn a 29% working interest in the M47c,d oil block by funding US$15 million across two work program tranches. The company is advancing toward first cash flow from this asset, expected by mid-2027, with plans for seismic work and exploration drilling on the block covering approximately 450 km² in the Cudi-Gabar petroleum province of southeastern Türkiye. Total earn-in payments advanced to date stand at US$500,000 against the US$9.5 million first tranche.
- Chapman Hydrogen and Petroleum Engineering Ltd.minorIndependent qualified reserves evaluator that completed resource evaluations for Block M47C3,C4, effective March 31, 2026, identifying 2C Contingent Oil Resource of 27.6 MMbbl on the North Lead Discovery with unrisked NPV-10 of US$733.5 million.
Scale indicators14 records
Recent moves7 records
Expansion highlights5 records
Trillion Energy competitors and assessment
Company assessmentBroad incumbents
- Perenco: Privately-held global independent E&P with significant operations in Türkiye and the broader Mediterranean/MENA region. Larger established player with overlapping operational geography but broader portfolio.
Direct peers
- SDX Energy plc: Small-cap E&P focused on producing assets in the MENA region (Egypt, Morocco). Similar upstream-only business model and pre-scale capitalization profile.
- Eco (Atlantic) Oil & Gas Ltd. TSX/AIM-listed junior upstream operator with exploration assets offshore Africa. Similar pre-revenue exploration-stage profile and comparable capitalization (CAD/EUR retail investor base).
- Valeura Energy Inc. Canadian-listed small-cap E&P operator with active production and exploration in Türkiye (Thrace Basin). Same upstream business model, similar market cap, and directly comparable regulatory jurisdiction.
- Genel Energy plc: Mid-cap E&P historically focused on the Kurdistan Region of Iraq, with operational adjacency to Trillion's southeastern Türkiye footprint. Closely comparable upstream hydrocarbon business serving similar regional markets.
- Empyrean Energy plc: AIM-listed micro-cap E&P pursuing exploration and appraisal-stage assets. Highly comparable as a development-stage upstream operator relying on partner financing and farm-ins.
- Predator Oil & Gas Holdings plc: AIM-listed junior E&P with operations in Türkiye (and Morocco). Small-cap upstream operator in similar geographies with comparable development-stage asset profile.
Emerging players
- Sintana Energy Inc. TSX-V-listed junior explorer with working interests in Colombia, Namibia, and Morocco. Comparable early-stage upstream exploration profile via farm-in agreements, similar small-cap structure.
- Bluebird Merchant Ventures Ltd. Junior mining/energy developer historically active in Korea and with Türkiye exposure. Comparable micro-cap development-stage operator pursuing a single-asset strategy.
Others
- Turkish Petroleum Corporation (TPAO): National oil company of Türkiye operating the adjacent Sehit Ayabuke Yalcin and Sehit Esma Cevik fields. Not a direct competitor (state operator) but the closest operational analogue and the company whose results validate Trillion's "closeology" thesis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Trillion Energy social profiles
Digital presenceTrillion Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trillion Energy leadership team
Management profileNumber of profiles
Profiles2 records
Trillion Energy funding detail
Funding detailFunding overview
Funding rounds6 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trillion Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trillion Energy
What does Trillion Energy do?
Trillion Energy is an oil and gas exploration and production company focused on developing oil reserves in southeastern Türkiye. Its primary asset is a 29% earned working interest in the M47c,d onshore oil block covering approximately 450 km² in the Cudi-Gabar petroleum province. The company is targeting first commercial light oil production by mid-2027, with confirmed 2C Contingent Resources of 27.6 MMbbl and total block unrisked resource potential of 51.6 MMbbl across three prospects targeting the Cretaceous Mardin Group carbonate reservoir.
Is Trillion Energy a public or private company?
Trillion Energy is a public company. It is classified as public and is currently operating.
When was Trillion Energy founded?
Trillion Energy was founded in 2021. It employs 11 to 50 people.
Where is Trillion Energy based?
Trillion Energy is headquartered in Vancouver, Canada, in the North America region.
How does Trillion Energy make money?
Two revenue lines are on record. Oil Production and Sales are the primary driver. The others are gross Overriding Royalty.
Who are Trillion Energy's main competitors?
Perenco is listed as a broad incumbent. Direct peers are SDX Energy plc, Eco (Atlantic) Oil & Gas Ltd., Valeura Energy Inc., Genel Energy plc, Empyrean Energy plc and Predator Oil & Gas Holdings plc. Emerging players are Sintana Energy Inc. and Bluebird Merchant Ventures Ltd.. Turkish Petroleum Corporation (TPAO) is listed as an others.
Does Trillion Energy have an API?
No public API is recorded for Trillion Energy.
What industry is Trillion Energy in?
Trillion Energy's product category is Oil & Gas Exploration and Production. Its primary akta.pro industry code is EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 21112 and its SIC code is 1311.