RNS Number:3182U
Venture Production PLC                                     
16 January 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

VENTURE PRODUCTION PLC

2. Name of shareholder having a major interest

THE ROYAL BANK OF SCOTLAND 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

BNY (OCS) NOMINEES LTD A/C RBP                         321,543 SHARES
ROYAL BANK PROJECT INVESTMENTS LIMITED                 2,941,176 SHARES

5. Number of shares / amount of stock acquired


6. Percentage of issued class


7. Number of shares / amount of stock disposed


8. Percentage of issued class


9. Class of security

ORDINARY SHARES OF 0.4P EACH

10. Date of transaction



11. Date company informed

15 January 2004

12. Total holding following this notification

3,262,719

13. Total percentage holding of issued class following this notification

3.02%

14. Any additional information


15. Name of contact and telephone number for queries

BRIAN HOBDEN 01224 619000

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

BRIAN HOBDEN

Date of notification

16 January 2004

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.




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

END
HOLEAFFKFADLEFE