On 24 August 2018, the Federal Agency for Subsoil Use announced an auction for two blocks in Yakutia (Sakha) Republic (Eastern Siberia). The auction is scheduled on 30 October 2018. Applications must be submitted by 2 October. The winners of the auction will obtain 25-year E&P licenses.Â   Yakutnedra  677018, Yakutsk  Ammosova Str., 18, office 308A  Tel/Fax: +7 (4112) 32-50-67 and 42-03-35  Details of the offer are as follows:  The Andylakhskiy block covers 376 sq km in the Lena-Vilyuy basin and encompasses the Andylakhskoye discovery with 2P reserves estimated at 267 Bcf of gas and 5 MMbbl of condensate. Seismic coverage amounts to 662 km. Nine exploratory and appraisal wells have been drilled in the block. Clastic reservoirs of the Upper Permian-Lower Triassic section are the main targets for exploration. Gas resources of the block are estimated at 103 Bcf. The starting price amounts to RUB 213.62 million (USD 3.1 million).  The Nizhnetyukyanskiy block covers 233 sq km in the Lena-Vilyuy Basin and includes the Nizhnetyukyanskoye discovery with 3P reserves estimated at 138 Bcf of gas. Seismic coverage amounts to 278 km. Five exploratory and appraisal wells have been drilled in the block. Clastic reservoirs of the Lower Jurassic section are the primary targets for exploration. Gas resources of the block are estimated at 103 Bcf. The starting price amounts to RUB 28.5 million (USD 0.4 million).
On 24 August 2018, the Federal Agency for Subsoil Use announced an auction for two blocks in Yakutia (Sakha) Republic (Eastern Siberia). The auction is scheduled on 30 October 2018. Applications must be submitted by 2 October. 