The Head of the Presidential Administration, Andriy Bohdan, called for the continuation of a tender to conclude production sharing agreements for the Dolphin field on the Black Sea shelf for at least 120 days. This is stated in the letter of the Head of the Presidential Administration to the Cabinet of Ministers.
The tender began on April 12th. The government reduced the deadline to 60 days, so it pops up on June 12th.
“Given the scale of the site, the area of which is more than 9.4 thousand square kilometers, and the complexity of such a project, Ukraine needs to attract foreign gas companies with practical experience on the shelf, as well as with the appropriate technical and financial support”, the letter says.
Extending the term of the tender will increase the number of international participating companies and increase the transparency of the evaluation of their bids.
On June 12, at least two foreign companies will apply for the tender. The first is the American firm Frontera Resources. The second is the American investment fund Trident Acquisitions, according to a source in the Ministry of Energy.
Journalists have found out that Frontera Resources may be entitled to develop and produce hydrocarbons in one of the largest Dolphin gas fields in the Black Sea. The company has dubious gas production projects in Georgia and Moldova, the financial report for 2018 indicates its unprofitability.
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