Pursuant to the agreement Surgutneftegas and Lenaneftegas will execute various contracts whereby Lenaneftegas will be providing field operating services to Surgutneftegas. The services will among other things include drilling and oil production in the Talakan field, the press release said. Under the agreement Yukos subsidiary OAO Sakhaneftegas will sell to Surgutneftegas assets in the Talakan field, including Lenaneftegas. "The agreement reached will allow Surgutneftegas to commence in the near future a full-scale operation in the Sakha (Yakutia) republic complying with the interests of both the republic and our company," Surgutneftegaz CEO Vladimir Bogdanov said. "We have come to Eastern Siberia with serious intentions and for a long time," he said. "We are satisfied with the fact that the agreement fully reflects the interests of the parties involved - the government of the Sakha republic as well as the former and new field operators," Yukos CEO Simon Kukes said. "We continue to regard Yakutia as a priority area for our operations," he said. PIN//Interfax