On 11 December 2019, the Federal Agency for Subsoil Use held an auction for two blocks in Udmurtia Republic (Volga-Ural Province). Lukoil and Udmurtneft (Rosneft/Sinopec) emerged as the winners.  Results of the action as follows:  The Pyzepskiy Yuzhnyy block covers 61.7 sq km and encompasses the Pyzherskoye Yuzhnoye field with 3P reserves estimated at 4.7 MMbbl of oil. Oil resources (category D1) of the block are estimated at 2 MMbbl. The starting price amounted to RUB 107.4 million (USD 1.65 million). Lukoil-Perm offered RUB 236.28 million (USD 3.63 million). The winner of the auction will obtain a 25-year E&P license.  The Kacheshurskiy block covers 115 sq km and encompasses the Kacheshurskaya and Menilskaya Severnaya prospects with combined oil resources estimated at 3.6 MMbbl. Oil resources (category D1) of the block are estimated at 5 MMbbl. The starting price amounted to RUB 8.7 million (USD 0.13 million). Udmurtneft offered RUB 66.12 million (USD 0.99 million). The winner of the auction will obtain a 25-year E&P license.
Lukoil-Perm won Pyzepskiy Yuzhnyy block (62kmÂ²) and Udmurtneft (Rosneft/Sinopec) won Kacheshurskiy block (115kmÂ²).