On 14 October 2019, the Federal Agency for Subsoil Use held an auction for three blocks in Krasnoyarsk Kray (Eastern Siberia). The winning bids were submitted by Irkutsk Oil Company (INK) and Krasnoyarsk Oil & Gaz Company (KNK). The winners of the auction will obtain 27-year E&P licenses including a 7-year exploratory stage.   Details of the offer are as follows:  The Belyakskiy block covers 1,323 sq km in the Baykit Basin and encompasses several leads. One well has been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (category D1) of the block are estimated at 40 MMbbl of oil and 579 Bcf of gas. The starting price amounted to RUB 13.5 million (USD 0.2 million). INK offered RUB 14.85 million (USD 0.23 million).  The Teryanskiy block covers 3,700 sq km in the Baykit Basin. No wells have been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (category D1) of the block are estimated at 44 MMbbl of oil and 2,308 Bcf of gas. The starting price amounted to RUB 15.5 million (USD 0.23 million). KNK offered RUB 17.05 million (USD 0.27 million).  The Yelomovskiy block covers 2,892 sq km in the Baykit Basin. No wells have been drilled in the block. Reservoirs of the Riphean-Vendian section are the main exploratory target. Hydrocarbon resources (categories D1+D2) of the block are estimated at 26 MMbbl of oil and 3,415 Bcf of gas. The starting price amounted to RUB 18.1 million (USD 0.27 million). KNK offered RUB 19.91 million (USD 0.31 million).
Russia, not found