C$50 million action concerning the redevelopment of a Ukrainian oil field settled between Trident (88) Exploration and Odyssey Petroleum
Date Closed
March 10, 2004
Lead Office
Calgary
On March 10, 2004, settlement was reached in a C$50 million action concerning the intended redevelopment of a Ukrainian oil field as well as a counterclaim in this action. This action was settled after extensive discovery over several years on extremely favourable terms to Odyssey Petroleum.
McCarthy Tétrault represented Odyssey Petroleum, with a team led by Mendy Chernos.