On 19 September 2019, the Federal Agency for Subsoil Use held an auction for the Selli block in Dagestan Republic (North Caucasus). Infiniti Neftegaz won the contest with offer of RUB 0.982 million (USD 0.02 million). The winner will obtain a 25-year E&P license.     The Selli block covers 114 sq km in the Terek-Caspian Basin and encompasses the depleted Selli oil field and the Ulluchayevskaya lead. 54 wells including 17 oil producers have been drilled at the field. In 1953-1972, the field produced 1.8 MMbbl of oil and 8 Bcf of gas. Hydrocarbon resources (category D1) of the block are estimated at 3 MMbbl of oil and 21 Bcf of gas. The starting price amounted to RUB 0.702 million (USD 0.01 million).
Infiniti Neftegaz won the Selli block in Dagestan Republic.