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"Trinidad Op. Withdrawal


RNS Number:9323V
Venture Production PLC
20 December 2005


20th December, 2005

VENTURE PRODUCTION plc

Venture Completes Trinidad Operational Withdrawal

Venture Production plc ("Venture"), the Aberdeen based UK independent oil and
gas production company, today announces that it has completed the sale of its
Trinidad operations to Ten Degrees North Energy Limited ("TDN"), a recently
formed local Trinidadian company.

Venture retains an economic interest in its Trinidadian assets through a 40%
equity stake in TDN and it will appoint a representative to the Board of the new
company. Venture will cease to have any direct operational involvement in
Trinidad, consistent with its corporate focus on expanding its UKCS business.

Commenting on the completion of the transaction, Mike Wagstaff, Chief Executive,
said:

"I am very pleased to announce completion of a deal which sees us rationalise
our business to be 100% UK focused, yet at the same time allows us to retain a
material interest in the upside generated by Trinidadian assets. These assets
were the bedrock of Venture and without them we would not have been able to
build the business we have today. We believe that attractive development
opportunities still exist in Trinidad and I look forward to Ten Degrees North
positioning itself to take advantage of them as a new local independent energy
company".

ENDS"