Four companies compete over the Ukrainian Black Sea Shelf’s "Dolphin" gas&oil field

As of recent, four companies, Trident Acquisitions Corp (Trident Black Sea), Frontera Resources, PrJSC “MC "Ukrnaftoburinnya", and Caspian Drilling Company have submitted their bid proposals for obtaining a special permit to explore, develop, and produce hydrocarbons under the PSA terms at the "Dolphin" gas&oil field on the Ukrainian Black Sea Shelf.

This was announced at the Bid Opening Session held by the tender committee.

By way of reference, on 12 April 2019, the Cabinet of Ministers of Ukraine announced the terms for conducting a tender for the production of hydrocarbons on the Black Sea Shelf

According to the terms and conditions of the tender, the state's share under the proposed PSA should be not less than 11% of total volume of actual hydrocarbon production, and the maximum share of the investor is determined as 70% of all hydrocarbons being produced.

The competitors the Ukrainian Black Sea Shelf’s "Dolphin" gas&oil field include: