On 31 October 2018, the Federal Agency for Subsoil Use announced an auction for the Tazovskiy Zapadnyy block in Yamalo-Nenets Autonomous Okrug (West Siberia). The auction will be held on 20 December 2018 with its application deadline on 26 November. The winner of the auction will obtain a 25-year E&P license with a seven-year exploratory stage. Additional information regarding the auction may be requested from:   Yamalnedra  629008, Salekhard  Mira St., 40, office 2.1  Tel: +7 (34922) 4-72-74   Fax: (34922) 4-40-32   E-mail: yamal@rosnedra.gov.ruÂ    Details of the offer are as follows:  The Tazovskiy Zapadnyy block covers 1,170 sq km in the eastern part of the Nadym-Taz Province and encompasses the Tazovskaya Zapadnaya prospect with hydrocarbon resources estimated at 8.6 Tcf of gas and 316 MMbbl of condensate. Seismic coverage amounts to 1,921 km of 2D data and 28 sq km of 3D data. Five exploratory wells have been drilled in the area. Hydrocarbon resources (categories D1+D2) of the block are estimated at 72 MMbbl of oil, 9.4 Tcf of gas and 38 MMbbl of condensate. The starting price amounts to RUB 503.096 million (USD 7.57 million).
Russia, not found