On 10 December 2019, the Federal Agency of Subsoil Use held an auction for the Punskiy block in Krasnoyarsk (Eastern Siberia). Irkutsk Oil Company (INK) emerged as the winner and will obtain 27-year E&P license including a 7-year exploratory stage.  The Punskiy block covers 1,720 sq km in the Baykit Basin. Reservoirs of the Riphean-Cambrian section are the main exploratory targets. Hydrocarbon resources (categories D1+D2) of the block are estimated at 12 MMbbl of oil and 2.1 Tcf of gas. The starting price amounted to RUB 10.3 million (USD 0.16 million). INK offered RUB 11.33 million (USD 0.175 million).
Irkutsk Oil Co. (INK) won the 1,720-sq km Punskiy block in the Krasnoyarsk Kray. 