"Legislative features for geological surveys on the Crimean shelf, in Crimea itself, are being established. A bill that solves the problem of a sole auction participant has been prepared," Donskoi said at the Eastern Economic Forum (EEF).
According to the Natural Resources Ministry, tenders will be declared valid even with a single bidder.
Crimea and Sevastopol, which has a special status within the region, became subjects of the Russian Federation on March 21, 2014, after the Russian president signed the reunification documents into law.
The first EEF is being held on September 3-5 in the Russian city of Vladivostok, located on the Pacific Ocean, as a platform for dialogue between international investors, the Russian government and countries of the Asia-Pacific Region.