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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.

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