On 29 January 2019, the Federal Agency for Subsoil Use held an auction for eight blocks in Bashkortostan Republic (Volga-Ural Province). Nine companies submitted bids and Bashneft, Lukoil-Perm, UDS Neft and Sabunskiy (Udmurtia) emerged as the winners. The companies will obtain 25-year E&P licenses. Â   The Amzyanskiy block covers 76 sq km and encompasses four prospects with combined oil resources estimated at 7 MMbbl. Hydrocarbon resources (category D1) of the block are estimated at 9 MMbbl of oil and 27 Bcf of gas. The starting price amounted to RUB 17.05 million (USD 0.26 million). UDS Neft offered RUB 18.755 million (USD 0.28 million).  The Baykinskiy block covers 348 sq km and encompasses six prospects with combined oil resources estimated at 8 MMbbl. Hydrocarbon resources (category D1) of the block are estimated at 26 MMbbl of oil and 52 Bcf of gas. The starting price amounted to RUB 19.81 million (USD 0.3 million). Bashneft offered RUB 21.791 million (USD 0.33 million).  The Verkhne-Yarkeyevskiy block covers 349 sq km and encompasses nine prospects with combined oil resources estimated at 12 MMbbl. Hydrocarbon resources (category D1) of the block are estimated at 10 MMbbl of oil and 17 Bcf of gas. The starting price amounted to RUB 24.95 million (USD 0.38 million). Bashneft offered RUB 39.92 million (USD 0.6 million).  The Toshkurovskiy block covers 244 sq km and encompasses three prospects with combined oil resources estimated at 7 MMbbl. Hydrocarbon resources (category D1) of the block are estimated at 5 MMbbl of oil and 2 Bcf of gas. The starting price amounted to RUB 13.5 million (USD 0.2 million). Lukoil-Perm offered RUB 14.85 million (USD 0.23 million).  The Turtykskiy block covers 358 sq km and encompasses eight prospects with combined oil resources estimated at 9 MMbbl and seven oil fields excluded from the offer. Hydrocarbon resources (category D1) of the block are estimated at 8 MMbbl of oil and 1 Bcf of gas. The starting price amounted to RUB 22.47 million (USD 0.34 million). Bashneft offered RUB 296.604 million (USD 4.5 million).  The Kushkulskiy Severnyy block covers 424 sq km and encompasses six prospects with combined oil resources estimated at 7 MMbbl. Hydrocarbon resources (category D1) of the block are estimated at 1 MMbbl of oil and 2 Bcf of gas. The starting price amounted to RUB 14.52 million (USD 0.22 million). Sabunskiy offered RUB 15.972 million (USD 0.24 million).  The Burayevskiy Zapadnyy block covers 451 sq km and encompasses eleven prospects with combined oil resources estimated at 20 MMbbl and several oil fields excluded from the offer. Hydrocarbon resources (category D1) of the block are estimated at 23 MMbbl of oil and 10 Bcf of gas. The starting price amounted to RUB 51.06 million (USD 0.77 million). Bashneft offered RUB 66.378 million (USD 1 million).  The Shakhtauskiy block covers 67 sq km and encompasses the Novo-Berezovskaya prospect with oil resources estimated at 2 MMbbl. Hydrocarbon resources (category D1) of the block are estimated at 1 MMbbl of oil and 34 Bcf of gas. The starting price amounted to RUB 3.5 million (USD 0.05 million). Bashneft offered RUB 3.851 million (USD 0.06 million).
Russia, not found