On 15 October 2019, the Federal Agency for Subsoil Use held an auction for four blocks in Krasnoyarsk Kray (Eastern Siberia). Irkutsk Oil Company (INK) submitted winning bids for all blocks. The winner of the auction will obtain 27-year E&P licenses including a 7-year exploratory stage.  Details of the offer are as follows:  The Madashenskiy block covers 1,626 sq km in the Angara-Lena Structural Terrace (Baykit Basin). Seismic coverage amounts to 585 km. No wells have been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (categories D1+D2) of the block are estimated at 19 MMbbl of oil and 2,531 Bcf of gas. The starting price amounted to RUB 13.5 million (USD 0.2 million). INK offered RUB 14.85 million (USD 0.23 million).  The Muntulskiy block covers 1,949 sq km in the Angara-Lena Structural Terrace. Seismic coverage amounts to about 200 km. No wells have been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (category D1) of the block are estimated at 53 MMbbl of oil and 932 Bcf of gas. The starting price amounted to RUB 17.6 million (USD 0.27 million). INK offered RUB 19.36 million (USD 0.3 million).  The Chadobetskiy Vostochnyy block covers 1,846 sq km in the Prisayan-Yenisey Syneclise (Baykit and Angara-Yenisey basins) and encompasses several leads. No wells have been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (categories D1+D2) of the block are estimated at 153 MMbbl of oil and 1,028 Bcf of gas. The starting price amounted to RUB 27.2 million (USD 0.4 million). INK offered RUB 29.92 million (USD 0.47 million).  The Ischukhskiy block covers 1,473 sq km in the Baykit Basin. No wells have been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (categories D1+D2) of the block are estimated at 110 MMbbl of oil and 1,336 Bcf of gas. The starting price amounted to RUB 22.2 million (USD 0.35 million). INK offered RUB 24.42 million (USD 0.38 million).
Russia, not found