KYIV, March 6 – Ukraine under a proposal of U.S. Frontera Resources will hold a tender to develop the Black Sea shelf within the Dolphin section located in the northwest of the continental shelf of the Black Sea under a product sharing agreement (PSA).

The respective decision was made by the Ukrainian government on Wednesday.

According to the draft resolution prepared for approval the area located in the northwest of the Black Sea continental shelf is 9,772 square kilometers.