RNS Number:5312M
Venture Production PLC
19 June 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

VENTURE PRODUCTION PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

3I GROUP PLC


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

HOLDING OF SHAREHOLDER


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

NAME                           NO. OF SHARES

BNY (OCS) NOMINEES LIMITED     12,586,730


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class


9)   Class of security


ORDINARY SHARES OF 0.4P EACH


10)  Date of transaction



11)  Date company informed


19 JUNE 2003


12)  Total holding following this notification


12,586,730

               

13)  Total percentage holding of issued class following this notification


11.68%


14)  Any additional information



15)  Name of contact and telephone number for queries

BRIAN HOBDEN
TEL: 01224 619000


16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification 19 JUNE 2003



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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