RNS Number:6518E
Venture Production PLC
4 December 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

VENTURE PRODUCTION PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FIDELITY INTERNATIONAL LIMITED

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

CHASE MANHATTAN BANK FISL               4,248,050
CHASE MANHATTAN BANK FIL                  265,600

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

4 DECEMBER 2002

12)  Total holding following this notification

4,513,650
               
13)  Total percentage holding of issued class following this notification

4.19%

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 ....04 DECEMBER 2002......



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

END

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