On 7 December 2017, the Federal Agency for Subsoil Use held on auction for the Proninskiy block in Samara Oblast (Volga-Ural Province). Region-Neft emerged as the winner of the auction with the bid of RUB 125.86 million (USD 2.125 million). The winner of the auction will obtain a 25-year E&P license. The Proninskiy block covers 405 sq km and encompasses the Proninskiy, Maklaushskiy, Starososnovskiy and Novo-Yulduzskiy prospects and three leads. Combined oil resources of the prospects are estimated at 40 MMbbl. Oil resources (category D1) of the block are estimated at 26 MMbbl. The starting price amounted to RUB 40.6 million (USD 0.7 million).
Russia, not found