On 4 March 2019, the Federal Agency for Subsoil Use held an auction for two blocks in Irkutsk Oblast (Eastern Siberia). Competing against its subsidiary RN-Uvatneftegaz, Rosneft offered the highest price for both 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 Icherskiy block covers 1,941 sq km in the south-eastern part of the Nepa-Botuoba Basin. Seismic coverage amounts to 829 km. Four exploratory wells have been drilled in the area. Reservoirs of the pre-salt Vendian-Cambrian section are the main exploratory targets. Hydrocarbon resources (categories D1+D2) of the block are estimated at 88 MMbbl of oil and 822 Bcf of gas. The starting price amounted to RUB 17.79 million (USD 0.27 million). Rosneft offered RUB 19.569 (USD 0.3 million).  The Nizhnenepskiy block covers 4,184 sq km in the south-western part of the Nepa-Botuoba Basin and encompasses five prospects with combined hydrocarbon resources estimated at 539 MMbbl of oil and 1,681 Bcf of gas. Seismic coverage amounts to 1,878 km. Five exploratory wells have been drilled in the area. Reservoirs of the pre-salt Vendian-Cambrian section are the main exploratory targets. Hydrocarbon resources (categories D1+D2) of the block are estimated at 58 MMbbl of oil and 390 Bcf of gas. The starting price amounted to RUB 552.895 million (USD 8.38 million). Rosneft offered RUB 608.185 million (USD 9.2 million).
Russia, not found