On 21 November 2019, the Federal Agency for Subsoil Use held an auction for three blocks in Saratov Oblast (Volga-Ural Province). The winning bids were submitted by Wolgodeminoil (Lukoil/Wintershall), LukBelOil and Moscow-registered Ratus-Invest.  The Dmitriyevskiy block covers 11.2 sq km in the Volga-Urals Basin. The block encompasses the Dmitriyevskoye field with the remaining reserves estimated at 0.1 MMbbl of oil, 18.9 Bcf of gas and 0.1 MMbbl of condensate in five reservoirs within the Lower-Middle Carboniferous section. The starting price amounted to RUB 36.13 million (USD 0.56 million). Ratus-Invest offered RUB 39.743 million (USD 0.62 million). The winner of the auction will be awarded a 20-year E&P license.  The Strepetovskiy block covers 3.1 sq km in the Volga-Urals Basin. The block encompasses the Strepetovskoye oil discovery with the reserves estimated at 0.2 MMbbl in one reservoir within the Middle Devonian section. The starting price amounted to RUB 9.72 million (USD 0.15 million). LukBelOil offered RUB 10.692 million (USD 0.17 million). The winner of the auction will be awarded a 20-year E&P license.  The Belokamenyy Severnyy block covers 217.4 sq km in the Volga-Urals Basin. The block encompasses the Belokamennaya Zapadnaya, Beregovaya, Rechnaya, Pravoberezhnaya and a part of Rovenskaya Severnaya structures. Hydrocarbon resources (category D1) of the block are estimated at 24.3 MMbbl of oil, 44.5 Bcf of gas and 0.8 MMbbl of condensate. The starting price amounted to RUB 36.01 million (USD 0.56 million). Wolgodeminoil offered RUB 39.611 million (USD 0.62 million). The winner of the auction will be awarded a 25-year E&P license.
Russia, not found