document: On 28 November 2018, the Federal Agency for Subsoil Use held an auction for the Obskoy Yuzhnyy block in the Ob Estuary of the Kara Sea (Western Siberia). Competing against Gazprom Neft and Corporation Energy, Gazprom Neft Shelf emerged as the winner of the contest with the offer of RUB 1,018 million (USD 15.2 million). The winner of the auction will obtain a 30-year E&P license which includes a 10-year exploratory stage.   Obskoy Yuzhnyy covers 321 sq km in the southern part of the South Kara-Yamal Province. Hydrocarbon resources of the block are estimated at 356 MMbbl of oil, 6.045 Tcf of gas and 123 MMbbl of condensate. The starting price amounted to RUB 152.065 million (USD 2.3 million).
summary: Gazprom Neft Shelf won the Obskoy Yuzhnyy block, 321 sq km in the Ob Estuary.