On 3 July 2018, the Federal Agency for Subsoil Use held an auction for ten blocks in Khanty-Mansiysk (Yugra) Autonomous Okrug (Western Siberia). Nine blocks were withdrawn from the auction due to single applications or no applications at all. The remaining Kumskiy block was won by local company Kiyevskoye with the offer of RUB 66.211 million (USD 1.05 million). The winner of the auction will obtain a 25-year E&P license.     The Kumskiy block covers 413 sq km in the Middle Ob Province and encompasses the Kumskoye and Fobosskoye Oil discoveries with combined 3P reserves estimated at 3.6 MMbbl. Seismic coverage amounts to 463 km. Seven exploratory wells have been drilled in the block. Resources (categories D1+D2) of the block are estimated at 65 MMbbl of oil and 31 Bcf of gas. The starting price amounted to RUB 60.192 million (USD 0.96 million).
Kumskiy block was won by local company Kiyevskoye with the offer of RUB 66.211 million (USD 1.05 million). The winner of the auction will obtain a 25-year E&P license. The Kumskiy block covers 413 sq km in the Middle Ob Province and encompasses the Kumskoye and Fobosskoye Oil discoveries with combined 3P reserves estimated at 3.6 MMbbl.