On 14 December 2017, the Federal Agency for Subsoil Use held an auction for three blocks in Krasnoyarsk Kray (Eastern Siberia). The highest bids were submitted by Irkutsk Oil Company (INK) and Fund Energy-subsidiary NovoKhim. The winners of the auction will obtain 27-year E&P licenses including a 7-year exploratory stage.  Details of the offer are as follows: The Nizhne-Yengidinskiy block covers 3,281 sq km in the north-western part of the Baykit Basin. No wells have been drilled in the block. Hydrocarbon resources (category D1) of the block are estimated at 88 MMbbl of oil and 582 Bcf of gas. The starting price amounted to RUB 15 million (USD 0.25 million). INK offered RUB 16.5 million (USD 0.38 million). The Yerobinskiy block covers 4,146 sq km in the Kamov dome of the Baykit Basin. No wells have been drilled in the block. Hydrocarbon resources (category D1) of the block are estimated at 237 MMbbl of oil and 1,058 Bcf of gas. The starting price amounted to RUB 19 million (USD 0.32 million). NovoKhim offered RUB 47.5 million (USD 0.81 million). The Chunkunskiy block covers 3,241 sq km in the north-eastern part of the Baykit Basin. No wells have been drilled in the block. Hydrocarbon resources (category D1) of the block are estimated at 206 MMbbl of oil and 1,959 Bcf of gas. The starting price amounted to RUB 20 million (USD 0.34 million). INK offered RUB 220 million (USD 3.7 million). Â 
Russia, not found