Four bids were submitted for shallow water Dolphin block in the Black Sea:
- Caspian Drilling Company Ltd., state-owned oil field service company of Azerbaijan, main contractor of SOCAR.
- UKRNAFTOBURINNYA PJSC, large private Ukrainian gas producer.
- Frontera Resources, American energy firm, operating in Georgia and Moldova.
- TRIDENT ACQUISITION LIMITED, American blank check oil and gas investments company (SPAC), made a bid together with San Leon Energy, operating in five countries with current major production in Nigeria.
The minimum work program requirements include $ 55,5 million of investment, and drilling of at least 5 exploration wells.
The Intergovernmental Commission has to evaluate the bids within one month and make its recommendations to the Cabinet of Ministers of Ukraine to select the winner.