document: On 8 September 2018, the Government of Russian Federation issued a Decree announcing an auction for the Obskoy Yuzhnyy block in the Ob Estuary of the Kara Sea (Western Siberia). The auction must be held before the end of 2018. Taking into account that Obskoy Yuzhnyy is defined as a Site of the Federal Significance, the auction could be limited to participants where the State has a controlling stake (Gazprom, Rosneft and Zarubezhneft).  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. A long-term E&P license includes a 10-year exploratory stage. The starting price amounts to RUB 152.065 million (USD 2.17 million).
summary: On 8 September 2018, the Government of Russian Federation issued a Decree announcing an auction for the Obskoy Yuzhnyy block in the Ob Estuary of the Kara Sea (Western Siberia). The auction must be held before the end of 2018.