TIDMVPC 
 
RNS Number : 3079U 
Venture Production plc 
23 June 2009 
 

23 June 2009 
 
 
VENTURE PRODUCTION plc 
 
 
Acquisition of Shares in NOGAT B.V. 
 
 
Venture Production plc ("Venture"), the Aberdeen headquartered UK independent 
oil and gas production company, today announces that it has agreed to 
acquire Lundin Petroleum B.V.'s ("Lundin") entire 1.8% shareholding in NOGAT 
B.V. for a cash consideration of EUR9 million payable at completion. 
 
 
NOGAT B.V. is a private company incorporated in the Netherlands. It owns the 
NOGAT pipeline and onshore gas processing terminal at Den Helder. Acquisition of 
Lundin's interest in these key Dutch infrastructure assets not only brings 
Venture a tariff income stream but also ensures that future production from 
Venture's F3-FA, A15a and B17a discoveries will pay a reduced export tariff 
which will enhance field economics. In addition, alongside other equity gas 
these fields will enjoy preferred access to capacity in the NOGAT system. The 
NOGAT pipeline is operated by GDF Suez on behalf of the shareholders of NOGAT 
B.V. 
 
 
Completion of the transaction remains subject to pre-emption and regulatory and 
customary third party approvals. Completion is expected to occur during the 
third quarter of 2009. 
 
 
Commenting on the news Mike Wagstaff, Chief Executive said: 
 
 
"This transaction will materially enhance the economics of several of our 
undeveloped Dutch gas discoveries, including the F3-FA development that is 
already under way. We view NOGAT B.V. as a well-run and efficient business and 
the NOGAT pipeline is a major part of the Dutch offshore infrastructure. We see 
this as a modest but valuable step forward in the expansion of Venture's Dutch 
business." 
 
 
 
 
Contact 
Mike Wagstaff, Chief Executive 
Rod Begbie, Corporate Development Director+44 1224 619 000 
Craig McCallum, Country Manager, Netherlands                    + 31 235 569 200 
 
 
Patrick Handley, Brunswick+44 207 404 5959 
John MacDonald, Scottish Press+7770 886912 
  Notes to Editors 
 
 
The NOGAT Pipeline 
The NOGAT pipeline is a 260km 24" and 36" gas pipeline running from the F3-FB 
platform in the north of the Dutch sector via intermediary platforms to the 
Balgzand processing terminal at Den Helder. Processed gas is connected 
downstream to the Gas Transportation Services ("GTS") grid. Construction was 
announced in August 1988 and first gas came through the NOGAT system in 1992. 
 
 
The pipeline and Balgzand terminal are owned by NOGAT B.V., a private Dutch 
company whose shareholders are: 
 
 
Energie Beheer Nederland    45.0% 
 
 
Total E&P Nederland             23.2% 
 
 
GDF Suez                             30.0% 
 
 
Lundin Petroleum                   1.8% 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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