On 15 December 2017, the Federal Agency for Subsoil Use held an auction for the Lepchinskiy block in Krasnoyarsk Kray (Eastern Siberia). Fund Energy-subsidiary NovoKhim won the contest with the offer of RUB 25.3 million (USD 0.43 million). The winner of the auction will obtain a 27-year E&P license including a 7-year exploratory stage. The Lepchinskiy block covers 3,379 sq km in the Baykit Basin. Seismic coverage amounts to 600 km. No wells have been drilled in the block. Hydrocarbon resources (category D1) of the block are estimated at 175 MMbbl of oil and 1,199 Bcf of gas. The starting price amounted to RUB 23 million (USD 0.39 million). Â 
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