Yukos,
Surgutneftegas and Sakha Republic sign agreement of understanding
Posted: 5 April 2004
Yukos, Surgutneftegas and the government of the Sakha Republic
(Yakutia) signed an agreement to settle the issues relating to the
development of the Talakan field. Under the agreement Sakhaneftegas
will sell to Surgutneftegas assets in the Talakan field, including
Lenaneftegas.
“Yakutia welcomes the agreement between YUKOS Oil Co. and
Surgutneftegas that is of vital importance for the people of the
Sakha Republic. The agreement that will enjoy a full support of
the government of the Sakha Republic proves a high level of social
responsibility of the two companies and their commitment to the
civilized business practices,” said the President of the Sakha
(Yakutia) Republic Vyacheslav Shtyrov.
“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. We have come to the Eastern Siberia with serious intentions
and for long,” said out Surgut CEO Vladimir Bogdanov.
“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.
We continue to regard Yakutia as a priority area for our operations,”
said Yukos’ CEO Simon Kukes.
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.
For more information see www.yukos.com
Posted by Richard Price,
Editor Pipeline Magazine
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