On 30 October 2019, the Federal Agency for Subsoil Use held an auction for two blocks in Khanty-Mansiysk (Yugra) Autonomous Okrug (Western Siberia). Four companies submitted bids and Rosneft and Gazprom Neft-Khantos emerged as the winners. The winners of the auction will obtain 25-year E&P licenses.   The Galnadskiy block covers 310 sq km in the Middle Ob Province and encompasses the Galnadskoye oil discovery with 3P reserves estimated at 7 MMbbl. Seismic coverage amounts to 480 km. Three exploratory wells have been drilled in the block. Resources (categories D1+D2) of the block are estimated at 84 MMbbl of oil. The starting price amounted to RUB 94.049 million (USD 1.47 million). Rosneft offered RUB 103.454 million (USD 1.62 million).  The Ingolskiy Severnyy block covers 416 sq km in the Middle Ob Province and encompasses the Ingolskoye Severnoye oil discovery with 3P reserves estimated at 13 MMbbl and a prospect with oil resources estimated at 4 MMbbl. Seismic coverage amounts to 700 km. Four exploratory wells have been drilled in the block. Resources (categories D1+D2) of the block are estimated at 89 MMbbl of oil. The starting price amounted to RUB 185.77 million (USD 2.9 million). Gazprom Neft-Khantos offered RUB 204.347 million (USD 3.19 million).
Russia, not found