Ukraine is considering re-running the tender for its Black Sea Dolphin Block to attract larger foreign players, a move that could trigger legal issues that would paralyse investment in the concession.
Trident Black Sea, a joint venture 90%-owned by US-based Trident Acquisitions and 10%-owned by Ireland-based San Leon Energy, was unveiled as the successful bidder in the tender for the Dolphin production-sharing agreement (PSA) on 26 July.
The result did not seem to please Ukrainian Prime Minister Volodymyr Groysman, who was expected to give the final approval...
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