document: On 27 February 2020, the Federal Agency for Subsoil Use held an auction for four blocks in Orenburg Oblast (Volga-Ural Province). About 20 companies submitted applications and the winning bids were offered by Neftisa, Rosneft, Zarubezhneft and UDS Neft. Winners of the auction will obtain 25-year E&P licenses.   Details of the offer are as follows:  The Yuzhnyy block covers 510 sq km and encompasses the Teplovskoye and Uralskoye gas fields with combined 2P reserves estimated at 47 Bcf. Hydrocarbon resources (category D1) of the block are estimated at 12 MMbbl of oil and 86 Bcf of gas. The starting price amounted to RUB 43.8 million (USD 0.67 million). Neftisa-subsidiary Sladkovsko-Zarechnoye, competing against Tatneft-Samara and Belkamneft, won the auction with the offer of RUB 48.18 million (USD 0.74 million).  The Babichevskiy block covers 392 sq km. Hydrocarbon resources (category D1) of the block are estimated at 30 MMbbl of oil and 58 Bcf of gas. The starting price amounted to RUB 6.85 million (USD 0.11 million). Rosneft-subsidiary Orenburgneft, competing against 15 companies, won the auction with the offer of RUB 1,507 million (USD 23.2 million).  The Novobarabanovskiy block covers 272 sq km. Hydrocarbon resources (category D1) of the block are estimated at 20 MMbbl of oil and 51 Bcf of gas. The starting price amounted to RUB 6.05 million (USD 0.09 million). UDS Neft, competing against 14 companies, won the auction with the offer of RUB 1,204.555 million (USD 18.5 million).  The Turgayskiy block covers 96 sq km. Hydrocarbon resources (category D1) of the block are estimated at 8 MMbbl of oil. The starting price amounted to RUB 2.05 million (USD 0.03 million). Zarubezhneft-Dobycha Samara, competing against 8 companies, won the auction with the offer of RUB 81.18 million (USD 1.25 million).
summary: Neftisa winning rights to Yuzhnyy block (510kmÂ²), Turgayskiy block (96Â²km) won by Zarubezhneft-Dobycha Samara, Babichevskiy block (392kmÂ²) won by Rosneft-sub Orenburgneft and Novobarabanovskiy block (272kmÂ²), won by UDS Neft.