On 24 August 2018, the Federal Agency for Subsoil Use held an auction for the Manasozen block in Dagestan Republic (North Caucasus). Local company Tekhnomarket won the contest with the offer of RUB 0.097 million (USD 1,450)  The Manasozen block covers 20.5 sq km in the Terek-Caspian Basin. Reservoirs of the Upper Cretaceous sections are the main exploratory targets. Gas resources of the block are estimated at 17 Bcf. The starting price amounted to RUB 0.088 million (USD 1,300). The winner of the auction will obtain a 25-year E&P license.
Russia, not found