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Venture Production PLC - Company Profile Snapshot

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Company Profile: Venture Production PLC
Ticker: VPC
Exchanges: LON
2008 Sales: 494,880,000
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Oil Refiners & Distributors
Country: UNITED KINGDOM
Employees: 156

Business Description
Venture Production PLC. The Group's principal activity is producing oil and gas. Its specific focus is on the exploitation of discovered but undeveloped fields, known as 'stranded' reserves, through the application of modern technology and oil field operating practices. It operates in two segments: oil and gas. The oil segment consists of all activities connected with the Group's oil assets the trees, other oil and Greater Kittiwake Area (GKA) hubs. The Gas segment consists of all activities connected with the Group's gas assets, the Gas UK and Greater Markham Area (GMA) hubs. During the year ended 31-Dec-2008, the net production was 45,000 barrels of oil equivalent per day.

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