On 27 June 2019, the Federal Agency for Subsoil Use held an auction for two blocks in Nenets Autonomous Okrug (Timan-Pechora Basin). Zapadno Sibirskaya Neftegazovoya Kompaniya (a fully owned Fund Energy subsidiary) and Rusvietpetro (a Joint Venture between Zarubezhneft 51% and PetroVietnam 49%) emerged as the winners. The winners will obtain 25-year E&P licenses including a seven-year exploratory stage.  The Vorgamusyurskiy Vostochnyy block covers 409 sq km. No exploratory wells have been drilled in the area. Hydrocarbon resources (category D1) are estimated at 82 MMbbl of oil. The starting price amounted to RUB 20.816 million (USD 0.33 million). Zapadno Sibirskaya Neftegazovoya Kompaniya offered RUB 22.90 million (USD 0.36 million).  The Yareyyaginskiy Zapadnyy block covers 100 sq km in the Khoreyverskaya depression and encompasses the Yareyyaginskoye Zapadnoye oil discovery with 3P reserves estimated at 34 MMbbl. One exploratory well has been drilled in the area. Hydrocarbon resources (category D0) of deeper reservoirs at the discovery are estimated at 25 MMbbl of oil. The starting price amounted to RUB 270.558 million (USD 4.2 million). Rusvietpetro offered RUB 297.61 million (USD 4.62 million).
Russia, not found