The winner of the tender for the PSA on the Dolphin field was chosen

The company Trident Black Sea, owned by Illia Ponomarev, won the tender for the PSA on the Dolphin.  Six members of the tender voted “for”, two abstained (in particular, deputy Katser-Buchkovskaya and a representative of the Ministry of Economic Development), NefteRynok reports.

“I am pleased to announce that Trident won the PSA tender on the Black Sea today.  It was a difficult struggle, but our application was significantly more profitable for Ukraine.  We are grateful for the trust placed in us by the Government and personally Minister Ihor Nasalik as Head of the Commission. We promise not to let you down and do everything possible to start production as soon as possible”, said Ponomarev.

Trident Black Sea was set up specifically for the tender.  90% of the company is owned by Trident Acquisitions Corp and another 10% – by Irish San Leon Energy, which is mining in Albania, Ireland, Nigeria, Poland and Spain, with a portfolio of 17 licenses in these countries.  In addition, there is its own fleet for seismic surveys.

Herewith, Toscafund Asset Management LLP, owns 71.59% of the asset management of San Leon Energy, other parts belong to the Nigerian company Midwestern Oil & Gas Company Limited, and the British company OWG PLC.

According to media reports, Trident Acquisitions was established in March 2016 as a specialized purpose acquisition company (SPAC).  In the middle of last year, it conducted an IPO on the NASDAQ stock market, which resulted in raising $201.25 million. It was planned that these funds would be used to invest in the absorption of energy assets in Eastern Europe with a focus on Ukraine.  The initiator and creator of the company is a citizen of Ukraine Illia Ponomarev who comes from Schlumberger, YUKOS and the State Duma of the Russian Federation.

Recall that initially four companies submitted applications for participation in the state tender for the development and production of oil and gas on the Dolphin field on the Black Sea shelf: Caspian Drilling International Ltd., Frontera, Trident Black Sea and Ukrnaftoburinnya. 

Tags: The Cabinet of Ministers, gas, contracts, oil, hydrocarbon production, legislation, gas production, RF

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