MOSCOW, October 7 (RIA Novosti) - Major Russian oil producer Surgutneftegaz said Tuesday it would invest $98 billion rubles ($3.75 billion) into a field in Russia's Far Eastern republic of Yakutia by 2011.

Surgutneftegaz, which accounts for 13% of Russia's total crude production, has already invested over 101 billion rubles ($3.87 billion) into the Talakan field, from which it plans to pump up to 1.5 billion metric tons of oil in 2009.

Alexander Ogly, the company's deputy general director, said this year's production would be around 600,000 tons, with 200,000 tons going to the new East Siberia-Pacific Ocean (ESPO) oil pipeline.

"Next year we plan to increase the amount to 1.2-1.5 million tons," Ogly said.

When fully operational, the field is expected to provide 5-7 million tons of oil annually.

The ESPO pipeline is designed to pump up to 1.6 million barrels of crude per day from Siberia to Russia's Far East and then onto China and the Asia-Pacific region.