On 17 December 2019, the Federal Agency for Subsoil Use held an auction for two blocks in Yamalo-Nenets Autonomous Okrug (Western Siberia). Novatek-Yurkharovneftegaz emerged as the winner for both blocks. The company will obtain 25-year E&P licenses with a seven-year exploratory stage.   The Ladertoyskiy Vostochnyy block covers 952 sq km in the South Kara-Yamal Province. Seismic coverage amounts to 447 km of 2D data. No wells have been drilled in the area. Hydrocarbon resources of the block (categories D1+D2) are estimated at 117 MMbbl of oil, 6.316 Tcf of gas and 132 MMbbl of condensate. The starting price amounted to RUB 73.405 million (USD 1.15 million). Novatek offered RUB 81 million (USD 1.27 million).  The Yamburgskiy Yuzhnyy block covers 1,590 sq km in the Nadym-Taz Province and encompasses parts of the Urengoyskoye and Olikuminskoye fields with combined 3P reserves estimated at 56 MMbbl of oil, 419 Bcf of gas and 10 MMbbl of condensate. Also, the block includes the Khosyreyskaya Vostochnaya prospect with resources estimated at 16 MMbbl of oil, 184 Bcf of gas and 1 MMbbl of condensate. Seismic coverage amounts to 2,550 km. Three wells have been drilled in the area. Hydrocarbon resources of the block (categories D1+D2) are estimated at 606 MMbbl of oil, 16.724 Tcf of gas and 251 MMbbl of condensate. The starting price amounted to RUB 969.14 million (USD 15.1 million). Novatek offered RUB 1,066 million (USD 16.7 million).
On 17 December 2019, the Federal Agency for Subsoil Use held an auction for two blocks in Yamalo-Nenets Autonomous Okrug (Western Siberia). Novatek-Yurkharovneftegaz emerged as the winner for both blocks. 