VPC Venture Prod.

RNS Number:2955C
Venture Production PLC
16 August 2007


16 August 2007

                             VENTURE PRODUCTION plc


                               Board Appointments


The Board of Venture Production plc (the "Company") is pleased to announce the
appointment of two new Non-Executive Directors following the vote by its
shareholders to approve the strategic partnership with 3i Group plc ("3i") and
its affiliates and ArcLight Capital Partners, LLC ("ArcLight") and its
co-investors, announced on 19 July 2007 and the completion of the #151 million
convertible bond financing.


Graeme Sword (39) is a partner with 3i's Oil, Gas and Power business unit based
in Aberdeen. He started his career in brand management with Unilever before
joining 3i in 1995. He was appointed a partner in 2001 and has led a number of
high profile transactions in the E&P and oil and gas sectors. Mr Sword also
serves on the Board of Energy Development Partners and Delta Hydrocarbons and
his appointment will be effective on 24 October 2007.


Robb Turner (45) is a co-founder of ArcLight and with 17 years of energy
finance, corporate finance and public and private equity investment experience.
Prior to forming ArcLight in 2000, he founded and built Berenson Minella &
Company's energy advisory practice. He has held senior positions in a number of
companies including Smith Barney, Schroders, Wasserstein Perella and Kidder and
Peabody & Co. He is a Director of Buckeye GP Holdings LP and Buckeye Partners
Limited and was previously a Director of Atlantic Power, listed on the Toronto
Stock Exchange. Mr Turner's appointment to the Board will be effective on 12
September 2007.


Neither Director has held any other directorships of public quoted companies in
the previous five years.


There are no further disclosures required under 9.6.13 of the Listing Rules of
the Financial Services Authority in connection with either appointment.


Commenting on the appointment, Mike Wagstaff, Chief Executive of Venture said:


"I am delighted that we have now completed the formation of our strategic
partnership with 3i and ArcLight, and I am pleased to welcome Graeme and Robb to
Venture's Board. They both bring many years of energy industry experience which
will be invaluable as we continue to build Venture. Completion of this
substantial investment by two of Venture's long term financial partners
represents a huge vote of confidence in Venture's business model and strategy,
its team and our competitive position within the North Sea."


                                      ENDS



For further information please contact:


Mike Wagstaff, Chief Executive

Rod Begbie, Corporate Development Director 01224 619000


Patrick Handley, Brunswick

Chris Blundell, Brunswick 020 7404 5959


John MacDonald, Weber Shandwick (Scottish Press) 01224 806600



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

END
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