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Venture Production Analysis across The Oil and Gas Value Chain (Global Markets Direct)
- Market: Energy and Utilities
- Report Title: Venture Production Analysis across The Oil and Gas Value Chain
- View Report Summary: View Report Summary
- Report Type: Company Profile
- Country: Global
- Number of Pages: 169
1 Table of Contents 2
1.1 List of Tables 11
1.2 List of Figures 15
2 Company Snapshot 16
2.1 Key Information 16
2.2 Company Overview 16
2.3 Financial Performance 16
2.4 Industry Outlook – Production & Exploration 16
2.5 SWOT Snapshot 18
3 Venture Production plc, Crude Oil And Natural Gas Forecasts, 2000-2012 19
3.1 Venture Production plc, Natural Gas & Crude Oil Forecasts, By Fields 19
3.2 Venture Production plc, Gross Revenue Forecasts, By Fields 21
3.3 Venture Production plc, Total Government Take Forecasts, By Fields 21
3.4 Venture Production plc, Contractor Take Forecasts, By Fields 22
4 Venture Production plc, Exploration and Production Summary 23
4.1 Venture Production plc, Fields under development 23
4.2 Venture Production plc, Crude Oil Production, by Country 24
4.3 Venture Production plc, Natural Gas Production, by Country 25
5 Venture Production plc, Crude Oil and Natural Gas Production By Fields 26
5.1 Venture Production plc, Crude Oil Production 26
5.1.1 Venture Production plc, Crude Oil Production in Trinidad and Tobago, By Fields 26
5.1.2 Venture Production plc, Crude Oil Production in United Kingdom, By Fields 27
5.2 Venture Production plc, Natural Gas Production 28
5.2.1 Venture Production plc, Natural Gas Production in Netherlands, By Fields 28
5.2.2 Venture Production plc, Natural Gas Production in United Kingdom, By Fields 28
6 Venture Production plc’s Exploration Blocks And Field Details 29
6.1 Venture Production plc’s Exploration Details, 48/4 ALL 29
6.2 Venture Production plc’s Exploration Details, 48/3a ALL 29
6.3 Venture Production plc’s Exploration Details, K1b 30
6.4 Venture Production plc’s Exploration Details, 49/11a AUDREY FIELD 30
6.5 Venture Production plc’s Exploration Details, 48/15b ALL 31
6.6 Venture Production plc’s Exploration Details, 22/2a NON-FIELD AREA 31
6.7 Venture Production plc’s Exploration Details, 48/9a ALL 32
6.8 Venture Production plc’s Exploration Details, 28/2a ALL 32
6.9 Venture Production plc’s Exploration Details, 28/5a ALL 33
6.10 Venture Production plc’s Exploration Details, 29/6a ALL 33
6.11 Venture Production plc’s Exploration Details, 29/8a SOUTHERN PART OF BLOCK 34
6.12 Venture Production plc’s Exploration Details, 29/8b ALL 34
6.13 Venture Production plc’s Exploration Details, 29/9a SOUTHERN PART OF BLOCK 35
6.14 Venture Production plc’s Exploration Details, 29/9b ALL 35
6.15 Venture Production plc’s Exploration Details, 43/25a ALL 36
6.16 Venture Production plc’s Exploration Details, 47/3h ALL 36
6.17 Venture Production plc’s Exploration Details, 47/8c REST OF BLOCK 37
6.18 Venture Production plc’s Exploration Details, 48/10a ANN FIELD 37
6.19 Venture Production plc’s Exploration Details, 48/10a REST OF BLOCK 38
6.20 Venture Production plc’s Exploration Details, 48/14a ENSIGN DISCOVERY AREA 38
6.21 Venture Production plc’s Exploration Details, 48/15a AUDREY FIELD AREA (AREA D1) 39
6.22 Venture Production plc’s Exploration Details, 48/15a ENSIGN FIELD AREA 39
6.23 Venture Production plc’s Exploration Details, 30/11b APPLETON SUBAREA 40
6.24 Venture Production plc’s Exploration Details, 30/11b HALLEY SUBAREA 40
6.25 Venture Production plc’s Exploration Details, 30/12b APPLETON SUB AREA 41
6.26 Venture Production plc’s Exploration Details, 30/12b HALLEY SUBAREA 41
6.27 Venture Production plc’s Exploration Details, 49/9b ALL 42
6.28 Venture Production plc’s Exploration Details, 13/21a ALL 42
6.29 Venture Production plc’s Exploration Details, 16/12a LARCH,BIRCH AND OAK BUT EXCLUD'SYCAMORE 43
6.30 Venture Production plc’s Exploration Details, 16/12a SYCAMORE FIELD 43
6.31 Venture Production plc’s Exploration Details, 16/13b ALL 44
6.32 Venture Production plc’s Exploration Details, 21/11a ALL 44
6.33 Venture Production plc’s Exploration Details, 21/12 ALL 45
6.34 Venture Production plc’s Exploration Details, 21/16a ALL 45
6.35 Venture Production plc’s Exploration Details, 21/18a ALL 46
6.36 Venture Production plc’s Exploration Details, 21/19 ALL 46
6.37 Venture Production plc’s Exploration Details, 21/20a NORTH EAST AREA 47
6.38 Venture Production plc’s Exploration Details, 21/20a REST OF BLOCK 47
6.39 Venture Production plc’s Exploration Details, 21/20b ALL 48
6.40 Venture Production plc’s Exploration Details, 21/27a ALL 48
6.41 Venture Production plc’s Exploration Details, 21/27c ALL 49
6.42 Venture Production plc’s Exploration Details, 22/22b ALL 49
6.43 Venture Production plc’s Exploration Details, 49/11a REST OF BLOCK INCLUDING ALISON FIELD 50
6.44 Venture Production plc’s Exploration Details, 49/10c ALL 50
6.45 Venture Production plc’s Exploration Details, 21/17a ALL 51
6.46 Venture Production plc’s Exploration Details, 110/3b 51
6.47 Venture Production plc’s Field Details, GADWALL 52
6.48 Venture Production plc’s Field Details, GOOSANDER 52
6.49 Venture Production plc’s Field Details, CHESTNUT 53
6.50 Venture Production plc’s Field Details, Marram 53
6.51 Venture Production plc’s Field Details, Point Ligoure 54
6.52 Venture Production plc’s Field Details, Stamford 54
6.53 Venture Production plc’s Field Details, Tabaquite, WD-14, WD-13 55
6.54 Venture Production plc’s Field Details, Cygnus 55
6.55 Venture Production plc’s Field Details, Grouse 56
6.56 Venture Production plc’s Field Details, West Wick 56
6.57 Venture Production plc’s Field Details, Beechnut 57
6.58 Venture Production plc’s Field Details, Christian 57
6.59 Venture Production plc’s Field Details, B/17-5 58
6.60 Venture Production plc’s Field Details, Ceres 58
6.61 Venture Production plc’s Field Details, Eris 59
6.62 Venture Production plc’s Field Details, Pilot 59
6.63 Venture Production plc’s Field Details, A/15-2 60
6.64 Venture Production plc’s Field Details, Acorn 60
6.65 Venture Production plc’s Field Details, F/3-FA 61
6.66 Venture Production plc’s Field Details, Brighton Marine 61
6.67 Venture Production plc’s Field Details, Appleton 62
6.68 Venture Production plc’s Field Details, Bligh 62
6.69 Venture Production plc’s Field Details, Kew 63
6.70 Venture Production plc’s Field Details, Amanda 63
6.71 Venture Production plc’s Field Details, Ensign 64
6.72 Venture Production plc’s Field Details, Barabarossa 64
6.73 Venture Production plc’s Field Details, Selkirk 65
6.74 Venture Production plc’s Field Details, WINDERMERE 66
6.75 Venture Production plc’s Field Details, SYCAMORE 67
6.76 Venture Production plc’s Field Details, SATURN {ATLAS+ HYPERION+ RHEA} 67
6.77 Venture Production plc’s Field Details, MARKHAM 68
6.78 Venture Production plc’s Field Details, MALLARD 69
6.79 Venture Production plc’s Field Details, LARCH 70
6.80 Venture Production plc’s Field Details, KITTIWAKE 71
6.81 Venture Production plc’s Field Details, J3b-J6 71
6.82 Venture Production plc’s Field Details, BIRCH 72
6.83 Venture Production plc’s Field Details, AUDREY 73
6.84 Venture Production plc’s Field Details, ANNABEL 74
6.85 Venture Production plc’s Field Details, ANN 75
6.86 Venture Production plc’s Field Details, ALISON 76
6.87 Venture Production plc’s Field Details, Halley 77
6.88 Venture Production plc’s Field Details, MIMAS 77
6.89 Venture Production plc’s Field Details, CHISWICK 78
7 Business Description 79
7.1 Business Overview 79
7.2 Reserves Development Segment 79
7.2.1 Overview 79
7.2.2 Production 79
7.2.3 Financials 80
7.2.4 Market View 80
7.2.5 Key Strategies 80
7.2.6 Capital Investment 81
7.3 Major Products and Services 81
7.3.1 Overview 81
8 History 82
9 Business Strategy 83
9.1 Mission Statement 83
9.2 Strategy 83
9.3 Corporate Social Responsibility 84
9.3.1 Overview 84
9.3.2 Specific CSR Initiatives 84
10 Value Chain Analysis 85
10.1 Upstream 85
10.1.1 Overview 85
10.1.2 Financials, Production and Major Projects 86
10.2 Midstream 86
10.2.1 Overview 86
11 SWOT Analysis 87
11.1 Overview 87
11.2 Venture Production plc Strengths 87
11.2.1 Development Strategy 87
11.2.2 Strong Competitive Position 88
11.3 Venture Production plc Weaknesses 88
11.3.1 Geographically Concentrated Operations 88
11.3.2 Financial Performance 88
11.3.3 Declined Production 89
11.4 Venture Production plc Opportunities 89
11.4.1 Acquisitions Strategy 89
11.4.2 Increasing Demand 89
11.5 Venture Production plc Threats 90
11.5.1 Oil and Natural Gas Prices 90
11.5.2 Regulations 90
12 Competitors 91
13 Revenue Analysis 92
13.1 Revenue by Segment 92
13.2 Revenue by Geography 93
14 Financial and Operational Review 94
14.1 Financial Statements 94
14.2 Financial Ratios 95
15 Operational Indicators 96
16 Share Holding Structure 97
17 Key Employees 98
18 Key Employee Biographies 99
19 Company Statement 104
20 Locations And Subsidiaries 111
20.1 Head Office 111
21 Financial Deals Landscape 112
21.1 Venture Production plc, Deals Volume Summary, 2004 to YTD 2008 112
21.2 Venture Production plc, Deals Summary By Region, 2004 to YTD 2008 113
21.3 Venture Production plc, Deals Summary, 2004 to YTD 2008 114
21.4 Venture Production plc Detailed Deal Summary 115
21.4.1 Asset Purchase 115
21.4.2 Acquisition 133
21.4.3 Private Equity 135
21.4.4 Equity Offerings 138
21.4.5 Debt Offerings 139
22 Recent Developments 143
22.1 License Awards 143
22.1.1 Nov 14, 2008: Ithaca Wins Six Licenses In UK 25th Production License Round 143
22.1.2 Nov 14, 2008: Venture Wins 15 New License Interests In UK 25th Seaward Licensing Round 144
22.1.3 Sep 25, 2008: EnCore Receives Approval From BERR For FDP At Ceres Field, UK 145
22.2 Strategy and Business Expansion 145
22.2.1 Jan 16, 2008: Venture Farms Into Carna and Marram Interest 145
22.3 Recent Discoveries 146
22.3.1 Jul 15, 2008: Venture, Encore Find Gas At Barbarossa Well 47/9c-11x In Block 47/9c 146
22.4 Drilling and Production Updates 147
22.4.1 Dec 29, 2008: Venture Brings Grouse Oil Field In Block 21/19 Into Production 147
22.4.2 Dec 08, 2008: Venture Announces First Gas From Stamford Gas Field In Block 49/10c, UK 148
22.4.3 Nov 24, 2008: Venture Resumes Production At Kittiwake Platform In UK 149
22.4.4 Nov 05, 2008: Venture Updates On Chestnut Field Production In UK 150
22.4.5 Oct 10, 2008: Atlantic Offloads First Oil Cargo From FPSO Sevan Hummingbird On Chestnut Field, UK 151
22.4.6 Sep 22, 2008: Venture Commences Production From Chestnut Oil Field In UKCS Block 22/2a 152
22.4.7 Jul 01, 2008: Venture Provides H1 2008 Production Update 152
22.5 Financial Announcements 153
22.5.1 Aug 28, 2008: Venture Reports 1H 2008 Results 153
22.5.2 Mar 18, 2008: Venture Reports 2007 Results 155
22.6 Other Significant Developments 159
22.6.1 Dec 03, 2008: Venture And Fairfield Award Fracturing And Stimulation Contract To Schlumberger 159
22.6.2 Nov 12, 2008: Venture Provides Operational Update 159
22.6.3 Mar 03, 2008: Venture Appoints New Board Member 161
22.7 New Contracts Announcements 162
22.7.1 Nov 05, 2008: FMC Technologies Wins $25 Million Subsea Production Systems Contract With Venture 162
22.7.2 Jul 17, 2008: Subsea 7 Receives New Contract From Venture In North Sea 162
22.7.3 May 06, 2008: Sevan, Venture Extend Contract For Second Sevan Floater 163
22.7.4 Apr 03, 2008: Petrofac Wins Contracts From Venture 164
23 Appendix 165
23.1 Methodology 165
23.1.1 Coverage 165
23.1.2 Secondary Research 166
23.1.3 Primary Research 166
23.1.4 E&P Forecasts 167
23.1.5 Midstream Forecasts 168
23.1.6 Expert Panel Validation 169
23.2 Contact Us 169
23.3 About Global Markets Direct 169
23.4 Disclaimer 169
1.1 List of Tables
Table 1: Venture Production plc, Key Facts, 2007 16
Table 2: Venture Production plc ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012 19
Table 3: Venture Production plc ,Natural Gas Production And Forecasts (MMcf) by Fields ,2000-2012 20
Table 4: Venture Production plc , Gross Revenue ($thousand) by Fields, 2008-2012 21
Table 5: Venture Production plc , Total Government Take ($thousand) by Fields, 2008-2012 21
Table 6: Venture Production plc , Contractor Take ($thousand) by Fields, 2008-2012 22
Table 7: Venture Production plc, Fields under development 23
Table 8: Venture Production plc, Crude Oil Production (BBls), by Country, 2000-2007 24
Table 9: Venture Production plc, Natural Gas Production (MMcf), by Country, 2000-2007 25
Table 10: Venture Production plc, Crude Oil Production (BBls) By Fields in Trinidad and Tobago, 2000-2007 26
Table 11: Venture Production plc, Crude Oil Production (BBls) By Fields in United Kingdom, 2000-2007 27
Table 12: Venture Production plc, Natural Gas Production (MMcf), By Fields in Netherlands, 2000-2007 28
Table 13: Venture Production plc, Natural Gas Production (MMcf), By Fields in United Kingdom, 2000-2007 28
Table 14: Venture Production plc’s Asset Details,48/4 ALL, March 2008 29
Table 15: Venture Production plc’s Asset Details,48/3a ALL, March 2008 29
Table 16: Venture Production plc’s Asset Details,K1b, March 2008 30
Table 17: Venture Production plc’s Asset Details,49/11a AUDREY FIELD, March 2008 30
Table 18: Venture Production plc’s Asset Details,48/15b ALL, March 2008 31
Table 19: Venture Production plc’s Asset Details,22/2a NON-FIELD AREA, March 2008 31
Table 20: Venture Production plc’s Asset Details,48/9a ALL, March 2008 32
Table 21: Venture Production plc’s Asset Details,28/2a ALL, March 2008 32
Table 22: Venture Production plc’s Asset Details,28/5a ALL, March 2008 33
Table 23: Venture Production plc’s Asset Details,29/6a ALL, March 2008 33
Table 24: Venture Production plc’s Asset Details,29/8a SOUTHERN PART OF BLOCK, March 2008 34
Table 25: Venture Production plc’s Asset Details,29/8b ALL, March 2008 34
Table 26: Venture Production plc’s Asset Details,29/9a SOUTHERN PART OF BLOCK, March 2008 35
Table 27: Venture Production plc’s Asset Details,29/9b ALL, March 2008 35
Table 28: Venture Production plc’s Asset Details,43/25a ALL, March 2008 36
Table 29: Venture Production plc’s Asset Details,47/3h ALL, March 2008 36
Table 30: Venture Production plc’s Asset Details,47/8c REST OF BLOCK, March 2008 37
Table 31: Venture Production plc’s Asset Details,48/10a ANN FIELD, March 2008 37
Table 32: Venture Production plc’s Asset Details,48/10a REST OF BLOCK, March 2008 38
Table 33: Venture Production plc’s Asset Details,48/14a ENSIGN DISCOVERY AREA, March 2008 38
Table 34: Venture Production plc’s Asset Details,48/15a AUDREY FIELD AREA (AREA D1), March 2008 39
Table 35: Venture Production plc’s Asset Details,48/15a ENSIGN FIELD AREA, March 2008 39
Table 36: Venture Production plc’s Asset Details,30/11b APPLETON SUBAREA, March 2008 40
Table 37: Venture Production plc’s Asset Details,30/11b HALLEY SUBAREA, March 2008 40
Table 38: Venture Production plc’s Asset Details,30/12b APPLETON SUB AREA, March 2008 41
Table 39: Venture Production plc’s Asset Details,30/12b HALLEY SUBAREA, March 2008 41
Table 40: Venture Production plc’s Asset Details,49/9b ALL, March 2008 42
Table 41: Venture Production plc’s Asset Details,13/21a ALL, March 2008 42
Table 42: Venture Production plc’s Asset Details,16/12a LARCH,BIRCH AND OAK BUT EXCLUD'SYCAMORE, March 2008 43
Table 43: Venture Production plc’s Asset Details,16/12a SYCAMORE FIELD, March 2008 43
Table 44: Venture Production plc’s Asset Details,16/13b ALL, March 2008 44
Table 45: Venture Production plc’s Asset Details,21/11a ALL, March 2008 44
Table 46: Venture Production plc’s Asset Details,21/12 ALL, March 2008 45
Table 47: Venture Production plc’s Asset Details,21/16a ALL, March 2008 45
Table 48: Venture Production plc’s Asset Details,21/18a ALL, March 2008 46
Table 49: Venture Production plc’s Asset Details,21/19 ALL, March 2008 46
Table 50: Venture Production plc’s Asset Details,21/20a NORTH EAST AREA, March 2008 47
Table 51: Venture Production plc’s Asset Details,21/20a REST OF BLOCK, March 2008 47
Table 52: Venture Production plc’s Asset Details,21/20b ALL, March 2008 48
Table 53: Venture Production plc’s Asset Details,21/27a ALL, March 2008 48
Table 54: Venture Production plc’s Asset Details,21/27c ALL, March 2008 49
Table 55: Venture Production plc’s Asset Details,22/22b ALL, March 2008 49
Table 56: Venture Production plc’s Asset Details,49/11a REST OF BLOCK INCLUDING ALISON FIELD, March 2008 50
Table 57: Venture Production plc’s Asset Details,49/10c ALL, March 2008 50
Table 58: Venture Production plc’s Asset Details,21/17a ALL, March 2008 51
Table 59: Venture Production plc’s Asset Details,110/3b, March 2008 51
Table 60: Venture Production plc’s Asset Details,GADWALL, March 2008 52
Table 61: Venture Production plc’s Asset Details,GOOSANDER, March 2008 52
Table 62: Venture Production plc’s Asset Details,CHESTNUT, March 2008 53
Table 63: Venture Production plc’s Asset Details,Marram, March 2008 53
Table 64: Venture Production plc’s Asset Details,Point Ligoure, March 2008 54
Table 65: Venture Production plc’s Asset Details,Stamford, March 2008 54
Table 66: Venture Production plc’s Asset Details,Tabaquite, WD-14, WD-13, March 2008 55
Table 67: Venture Production plc’s Asset Details,Cygnus, March 2008 55
Table 68: Venture Production plc’s Asset Details,Grouse, March 2008 56
Table 69: Venture Production plc’s Asset Details,West Wick, March 2008 56
Table 70: Venture Production plc’s Asset Details,Beechnut, March 2008 57
Table 71: Venture Production plc’s Asset Details,Christian, March 2008 57
Table 72: Venture Production plc’s Asset Details,B/17-5, March 2008 58
Table 73: Venture Production plc’s Asset Details,Ceres, March 2008 58
Table 74: Venture Production plc’s Asset Details,Eris, March 2008 59
Table 75: Venture Production plc’s Asset Details,Pilot, March 2008 59
Table 76: Venture Production plc’s Asset Details,A/15-2, March 2008 60
Table 77: Venture Production plc’s Asset Details,Acorn, March 2008 60
Table 78: Venture Production plc’s Asset Details,F/3-FA, March 2008 61
Table 79: Venture Production plc’s Asset Details,Brighton Marine, March 2008 61
Table 80: Venture Production plc’s Asset Details,Appleton, March 2008 62
Table 81: Venture Production plc’s Asset Details,Bligh, March 2008 62
Table 82: Venture Production plc’s Asset Details,Kew, March 2008 63
Table 83: Venture Production plc’s Asset Details,Amanda, March 2008 63
Table 84: Venture Production plc’s Asset Details,Ensign, March 2008 64
Table 85: Venture Production plc’s Asset Details,Barabarossa, March 2008 64
Table 86: Venture Production plc’s Asset Details,Selkirk, March 2008 65
Table 87: Venture Production plc’s Asset Details,WINDERMERE, March 2008 66
Table 88: Venture Production plc’s Asset Details,SYCAMORE, March 2008 67
Table 89: Venture Production plc’s Asset Details,SATURN {ATLAS+ HYPERION+ RHEA}, March 2008 67
Table 90: Venture Production plc’s Asset Details,MARKHAM, March 2008 68
Table 91: Venture Production plc’s Asset Details,MALLARD, March 2008 69
Table 92: Venture Production plc’s Asset Details,LARCH, March 2008 70
Table 93: Venture Production plc’s Asset Details,KITTIWAKE, March 2008 71
Table 94: Venture Production plc’s Asset Details,J3b-J6, March 2008 71
Table 95: Venture Production plc’s Asset Details,BIRCH, March 2008 72
Table 96: Venture Production plc’s Asset Details,AUDREY, March 2008 73
Table 97: Venture Production plc’s Asset Details,ANNABEL, March 2008 74
Table 98: Venture Production plc’s Asset Details,ANN, March 2008 75
Table 99: Venture Production plc’s Asset Details,ALISON, March 2008 76
Table 100: Venture Production plc’s Asset Details,Halley, March 2008 77
Table 101: Venture Production plc’s Asset Details,MIMAS, March 2008 77
Table 102: Venture Production plc’s Asset Details,CHISWICK, March 2008 78
Table 103: Venture Production plc, SWOT Analysis , 2007 87
Table 104: Venture Production plc, Revenue by Segment, GBP Thousand, 2003-2007 92
Table 105: Venture Production plc, Revenue by Geography, GBP Thousand, 2003-2007 93
Table 106: Venture Production plc, Financial Statements, GBP Thousand, 2003-2007 94
Table 107: Venture Production plc, Financial Ratios, GBP Thousand, 2003-2007 95
Table 108: Venture Production plc Operational Indicators, 2003-2007 96
Table 109: Venture Production plc, Share Holding Structure, 2007 97
Table 110: Venture Production plc, Key Employees, 2007 98
Table 111: Venture Production plc, Deals Summary, 2004 to YTD 2008 112
Table 112: Venture Production plc, Deals Summary by Region, 2004 to YTD 2008 113
Table 113: Venture Production plc, Deals Summary, 2004 to YTD 2008 114
Table 114: Venture Production Acquires 58% Interest In F3-FA Discovery From Nederlandse Aardolie Maatschappij 115
Table 115: Venture Production Acquires 5% Interest In Block 49/4a From Wintershall Noordzee 116
Table 116: Ithaca Sells Its Interest In Polly, Manuel And Carna Prospects To North Sea Energy And Venture Production 117
Table 117: Venture Production Acquires Additional Interest In Block 21/20d From Shell 118
Table 118: Venture Production Farm-In To Barbarossa Discovery 119
Table 119: Venture Production Sells 75% Stake In Ensign Discovery To North Sea Gas Partners 120
Table 120: Venture Production Acquires 32.5% Interest In The Pilot Field From Eni 121
Table 121: Venture Production Acquires Further Interests In Acorn And Beechnut Oil Discoveries From CNR International (U.K.) And CNR International (U.K.) Developments 122
Table 122: Venture Production Sells Trinidad Operations To Ten Degrees North Energy 123
Table 123: Venture Production Acquires 100% Of The Ensign Discovery Area From Shell U.K, Esso Exploration And Production UK And Centrica Resources 124
Table 124: Venture Acquires Interests In Kittiwake Satellites 125
Table 125: Venture Production Acquires Central North Sea Package From Amerada Hess 126
Table 126: Venture Production Acquires 100% Interest In Trees Fields From Marubeni Oil And Gas 127
Table 127: Venture Production Acquires Stake In A Gas Block From ENI UK 128
Table 128: Venture Production To Acquire 70% Interest In Block 110/3b In The East Irish Sea From Reach Oil & Gas 129
Table 129: Tullow Oil To Sell Its Interest In 10 Blocks To Venture Production 130
Table 130: Venture Production To Acquire Interests In Two Dutch Offshore Blocks 131
Table 131: Venture Production Acquires 13.75% Interest In Four Discoveries From E.On 132
Table 132: Venture Production Acquires WHAM Energy 133
Table 133: Venture Production Acquires CH4 Energy From 3i Group 134
Table 134: 3i Group And ArcLight Capital Partners Invested In Venture Production 135
Table 135: ArcLight Capital Partners Invests In North Sea Gas Partners 137
Table 136: Venture Production Completes Private Placement Of $45.82 Million 138
Table 137: Venture Production Plc Completes Private Placement Of $414 Million 139
Table 138: Venture Production Plc Completes Private Placement Of $10 Million 140
Table 139: Venture Production Plc Completes Private Placement Of $50.21 Million 141
Table 140: Venture Production Completes Private Placement of Convertible Bonds 142
1.2 List of Figures
Figure 1: Venture Production plc, Crude Oil Production (BBls), by Country, 2000-2007 24
Figure 2: Venture Production plc, Natural Gas Production (MMcf), by Country, 2000-2007 25
Figure 3: Venture Production plc, Value Chain Analysis 85
Figure 4: Venture Production plc, Deals Volume Summary, 2004 to YTD 2008 112
Figure 5: Venture Production plc, Deals Summary by Region, 2004 to YTD 2008 113
Figure 6: Global Markets Direct Methodology 165
1.1 List of Tables 11
1.2 List of Figures 15
2 Company Snapshot 16
2.1 Key Information 16
2.2 Company Overview 16
2.3 Financial Performance 16
2.4 Industry Outlook – Production & Exploration 16
2.5 SWOT Snapshot 18
3 Venture Production plc, Crude Oil And Natural Gas Forecasts, 2000-2012 19
3.1 Venture Production plc, Natural Gas & Crude Oil Forecasts, By Fields 19
3.2 Venture Production plc, Gross Revenue Forecasts, By Fields 21
3.3 Venture Production plc, Total Government Take Forecasts, By Fields 21
3.4 Venture Production plc, Contractor Take Forecasts, By Fields 22
4 Venture Production plc, Exploration and Production Summary 23
4.1 Venture Production plc, Fields under development 23
4.2 Venture Production plc, Crude Oil Production, by Country 24
4.3 Venture Production plc, Natural Gas Production, by Country 25
5 Venture Production plc, Crude Oil and Natural Gas Production By Fields 26
5.1 Venture Production plc, Crude Oil Production 26
5.1.1 Venture Production plc, Crude Oil Production in Trinidad and Tobago, By Fields 26
5.1.2 Venture Production plc, Crude Oil Production in United Kingdom, By Fields 27
5.2 Venture Production plc, Natural Gas Production 28
5.2.1 Venture Production plc, Natural Gas Production in Netherlands, By Fields 28
5.2.2 Venture Production plc, Natural Gas Production in United Kingdom, By Fields 28
6 Venture Production plc’s Exploration Blocks And Field Details 29
6.1 Venture Production plc’s Exploration Details, 48/4 ALL 29
6.2 Venture Production plc’s Exploration Details, 48/3a ALL 29
6.3 Venture Production plc’s Exploration Details, K1b 30
6.4 Venture Production plc’s Exploration Details, 49/11a AUDREY FIELD 30
6.5 Venture Production plc’s Exploration Details, 48/15b ALL 31
6.6 Venture Production plc’s Exploration Details, 22/2a NON-FIELD AREA 31
6.7 Venture Production plc’s Exploration Details, 48/9a ALL 32
6.8 Venture Production plc’s Exploration Details, 28/2a ALL 32
6.9 Venture Production plc’s Exploration Details, 28/5a ALL 33
6.10 Venture Production plc’s Exploration Details, 29/6a ALL 33
6.11 Venture Production plc’s Exploration Details, 29/8a SOUTHERN PART OF BLOCK 34
6.12 Venture Production plc’s Exploration Details, 29/8b ALL 34
6.13 Venture Production plc’s Exploration Details, 29/9a SOUTHERN PART OF BLOCK 35
6.14 Venture Production plc’s Exploration Details, 29/9b ALL 35
6.15 Venture Production plc’s Exploration Details, 43/25a ALL 36
6.16 Venture Production plc’s Exploration Details, 47/3h ALL 36
6.17 Venture Production plc’s Exploration Details, 47/8c REST OF BLOCK 37
6.18 Venture Production plc’s Exploration Details, 48/10a ANN FIELD 37
6.19 Venture Production plc’s Exploration Details, 48/10a REST OF BLOCK 38
6.20 Venture Production plc’s Exploration Details, 48/14a ENSIGN DISCOVERY AREA 38
6.21 Venture Production plc’s Exploration Details, 48/15a AUDREY FIELD AREA (AREA D1) 39
6.22 Venture Production plc’s Exploration Details, 48/15a ENSIGN FIELD AREA 39
6.23 Venture Production plc’s Exploration Details, 30/11b APPLETON SUBAREA 40
6.24 Venture Production plc’s Exploration Details, 30/11b HALLEY SUBAREA 40
6.25 Venture Production plc’s Exploration Details, 30/12b APPLETON SUB AREA 41
6.26 Venture Production plc’s Exploration Details, 30/12b HALLEY SUBAREA 41
6.27 Venture Production plc’s Exploration Details, 49/9b ALL 42
6.28 Venture Production plc’s Exploration Details, 13/21a ALL 42
6.29 Venture Production plc’s Exploration Details, 16/12a LARCH,BIRCH AND OAK BUT EXCLUD'SYCAMORE 43
6.30 Venture Production plc’s Exploration Details, 16/12a SYCAMORE FIELD 43
6.31 Venture Production plc’s Exploration Details, 16/13b ALL 44
6.32 Venture Production plc’s Exploration Details, 21/11a ALL 44
6.33 Venture Production plc’s Exploration Details, 21/12 ALL 45
6.34 Venture Production plc’s Exploration Details, 21/16a ALL 45
6.35 Venture Production plc’s Exploration Details, 21/18a ALL 46
6.36 Venture Production plc’s Exploration Details, 21/19 ALL 46
6.37 Venture Production plc’s Exploration Details, 21/20a NORTH EAST AREA 47
6.38 Venture Production plc’s Exploration Details, 21/20a REST OF BLOCK 47
6.39 Venture Production plc’s Exploration Details, 21/20b ALL 48
6.40 Venture Production plc’s Exploration Details, 21/27a ALL 48
6.41 Venture Production plc’s Exploration Details, 21/27c ALL 49
6.42 Venture Production plc’s Exploration Details, 22/22b ALL 49
6.43 Venture Production plc’s Exploration Details, 49/11a REST OF BLOCK INCLUDING ALISON FIELD 50
6.44 Venture Production plc’s Exploration Details, 49/10c ALL 50
6.45 Venture Production plc’s Exploration Details, 21/17a ALL 51
6.46 Venture Production plc’s Exploration Details, 110/3b 51
6.47 Venture Production plc’s Field Details, GADWALL 52
6.48 Venture Production plc’s Field Details, GOOSANDER 52
6.49 Venture Production plc’s Field Details, CHESTNUT 53
6.50 Venture Production plc’s Field Details, Marram 53
6.51 Venture Production plc’s Field Details, Point Ligoure 54
6.52 Venture Production plc’s Field Details, Stamford 54
6.53 Venture Production plc’s Field Details, Tabaquite, WD-14, WD-13 55
6.54 Venture Production plc’s Field Details, Cygnus 55
6.55 Venture Production plc’s Field Details, Grouse 56
6.56 Venture Production plc’s Field Details, West Wick 56
6.57 Venture Production plc’s Field Details, Beechnut 57
6.58 Venture Production plc’s Field Details, Christian 57
6.59 Venture Production plc’s Field Details, B/17-5 58
6.60 Venture Production plc’s Field Details, Ceres 58
6.61 Venture Production plc’s Field Details, Eris 59
6.62 Venture Production plc’s Field Details, Pilot 59
6.63 Venture Production plc’s Field Details, A/15-2 60
6.64 Venture Production plc’s Field Details, Acorn 60
6.65 Venture Production plc’s Field Details, F/3-FA 61
6.66 Venture Production plc’s Field Details, Brighton Marine 61
6.67 Venture Production plc’s Field Details, Appleton 62
6.68 Venture Production plc’s Field Details, Bligh 62
6.69 Venture Production plc’s Field Details, Kew 63
6.70 Venture Production plc’s Field Details, Amanda 63
6.71 Venture Production plc’s Field Details, Ensign 64
6.72 Venture Production plc’s Field Details, Barabarossa 64
6.73 Venture Production plc’s Field Details, Selkirk 65
6.74 Venture Production plc’s Field Details, WINDERMERE 66
6.75 Venture Production plc’s Field Details, SYCAMORE 67
6.76 Venture Production plc’s Field Details, SATURN {ATLAS+ HYPERION+ RHEA} 67
6.77 Venture Production plc’s Field Details, MARKHAM 68
6.78 Venture Production plc’s Field Details, MALLARD 69
6.79 Venture Production plc’s Field Details, LARCH 70
6.80 Venture Production plc’s Field Details, KITTIWAKE 71
6.81 Venture Production plc’s Field Details, J3b-J6 71
6.82 Venture Production plc’s Field Details, BIRCH 72
6.83 Venture Production plc’s Field Details, AUDREY 73
6.84 Venture Production plc’s Field Details, ANNABEL 74
6.85 Venture Production plc’s Field Details, ANN 75
6.86 Venture Production plc’s Field Details, ALISON 76
6.87 Venture Production plc’s Field Details, Halley 77
6.88 Venture Production plc’s Field Details, MIMAS 77
6.89 Venture Production plc’s Field Details, CHISWICK 78
7 Business Description 79
7.1 Business Overview 79
7.2 Reserves Development Segment 79
7.2.1 Overview 79
7.2.2 Production 79
7.2.3 Financials 80
7.2.4 Market View 80
7.2.5 Key Strategies 80
7.2.6 Capital Investment 81
7.3 Major Products and Services 81
7.3.1 Overview 81
8 History 82
9 Business Strategy 83
9.1 Mission Statement 83
9.2 Strategy 83
9.3 Corporate Social Responsibility 84
9.3.1 Overview 84
9.3.2 Specific CSR Initiatives 84
10 Value Chain Analysis 85
10.1 Upstream 85
10.1.1 Overview 85
10.1.2 Financials, Production and Major Projects 86
10.2 Midstream 86
10.2.1 Overview 86
11 SWOT Analysis 87
11.1 Overview 87
11.2 Venture Production plc Strengths 87
11.2.1 Development Strategy 87
11.2.2 Strong Competitive Position 88
11.3 Venture Production plc Weaknesses 88
11.3.1 Geographically Concentrated Operations 88
11.3.2 Financial Performance 88
11.3.3 Declined Production 89
11.4 Venture Production plc Opportunities 89
11.4.1 Acquisitions Strategy 89
11.4.2 Increasing Demand 89
11.5 Venture Production plc Threats 90
11.5.1 Oil and Natural Gas Prices 90
11.5.2 Regulations 90
12 Competitors 91
13 Revenue Analysis 92
13.1 Revenue by Segment 92
13.2 Revenue by Geography 93
14 Financial and Operational Review 94
14.1 Financial Statements 94
14.2 Financial Ratios 95
15 Operational Indicators 96
16 Share Holding Structure 97
17 Key Employees 98
18 Key Employee Biographies 99
19 Company Statement 104
20 Locations And Subsidiaries 111
20.1 Head Office 111
21 Financial Deals Landscape 112
21.1 Venture Production plc, Deals Volume Summary, 2004 to YTD 2008 112
21.2 Venture Production plc, Deals Summary By Region, 2004 to YTD 2008 113
21.3 Venture Production plc, Deals Summary, 2004 to YTD 2008 114
21.4 Venture Production plc Detailed Deal Summary 115
21.4.1 Asset Purchase 115
21.4.2 Acquisition 133
21.4.3 Private Equity 135
21.4.4 Equity Offerings 138
21.4.5 Debt Offerings 139
22 Recent Developments 143
22.1 License Awards 143
22.1.1 Nov 14, 2008: Ithaca Wins Six Licenses In UK 25th Production License Round 143
22.1.2 Nov 14, 2008: Venture Wins 15 New License Interests In UK 25th Seaward Licensing Round 144
22.1.3 Sep 25, 2008: EnCore Receives Approval From BERR For FDP At Ceres Field, UK 145
22.2 Strategy and Business Expansion 145
22.2.1 Jan 16, 2008: Venture Farms Into Carna and Marram Interest 145
22.3 Recent Discoveries 146
22.3.1 Jul 15, 2008: Venture, Encore Find Gas At Barbarossa Well 47/9c-11x In Block 47/9c 146
22.4 Drilling and Production Updates 147
22.4.1 Dec 29, 2008: Venture Brings Grouse Oil Field In Block 21/19 Into Production 147
22.4.2 Dec 08, 2008: Venture Announces First Gas From Stamford Gas Field In Block 49/10c, UK 148
22.4.3 Nov 24, 2008: Venture Resumes Production At Kittiwake Platform In UK 149
22.4.4 Nov 05, 2008: Venture Updates On Chestnut Field Production In UK 150
22.4.5 Oct 10, 2008: Atlantic Offloads First Oil Cargo From FPSO Sevan Hummingbird On Chestnut Field, UK 151
22.4.6 Sep 22, 2008: Venture Commences Production From Chestnut Oil Field In UKCS Block 22/2a 152
22.4.7 Jul 01, 2008: Venture Provides H1 2008 Production Update 152
22.5 Financial Announcements 153
22.5.1 Aug 28, 2008: Venture Reports 1H 2008 Results 153
22.5.2 Mar 18, 2008: Venture Reports 2007 Results 155
22.6 Other Significant Developments 159
22.6.1 Dec 03, 2008: Venture And Fairfield Award Fracturing And Stimulation Contract To Schlumberger 159
22.6.2 Nov 12, 2008: Venture Provides Operational Update 159
22.6.3 Mar 03, 2008: Venture Appoints New Board Member 161
22.7 New Contracts Announcements 162
22.7.1 Nov 05, 2008: FMC Technologies Wins $25 Million Subsea Production Systems Contract With Venture 162
22.7.2 Jul 17, 2008: Subsea 7 Receives New Contract From Venture In North Sea 162
22.7.3 May 06, 2008: Sevan, Venture Extend Contract For Second Sevan Floater 163
22.7.4 Apr 03, 2008: Petrofac Wins Contracts From Venture 164
23 Appendix 165
23.1 Methodology 165
23.1.1 Coverage 165
23.1.2 Secondary Research 166
23.1.3 Primary Research 166
23.1.4 E&P Forecasts 167
23.1.5 Midstream Forecasts 168
23.1.6 Expert Panel Validation 169
23.2 Contact Us 169
23.3 About Global Markets Direct 169
23.4 Disclaimer 169
1.1 List of Tables
Table 1: Venture Production plc, Key Facts, 2007 16
Table 2: Venture Production plc ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012 19
Table 3: Venture Production plc ,Natural Gas Production And Forecasts (MMcf) by Fields ,2000-2012 20
Table 4: Venture Production plc , Gross Revenue ($thousand) by Fields, 2008-2012 21
Table 5: Venture Production plc , Total Government Take ($thousand) by Fields, 2008-2012 21
Table 6: Venture Production plc , Contractor Take ($thousand) by Fields, 2008-2012 22
Table 7: Venture Production plc, Fields under development 23
Table 8: Venture Production plc, Crude Oil Production (BBls), by Country, 2000-2007 24
Table 9: Venture Production plc, Natural Gas Production (MMcf), by Country, 2000-2007 25
Table 10: Venture Production plc, Crude Oil Production (BBls) By Fields in Trinidad and Tobago, 2000-2007 26
Table 11: Venture Production plc, Crude Oil Production (BBls) By Fields in United Kingdom, 2000-2007 27
Table 12: Venture Production plc, Natural Gas Production (MMcf), By Fields in Netherlands, 2000-2007 28
Table 13: Venture Production plc, Natural Gas Production (MMcf), By Fields in United Kingdom, 2000-2007 28
Table 14: Venture Production plc’s Asset Details,48/4 ALL, March 2008 29
Table 15: Venture Production plc’s Asset Details,48/3a ALL, March 2008 29
Table 16: Venture Production plc’s Asset Details,K1b, March 2008 30
Table 17: Venture Production plc’s Asset Details,49/11a AUDREY FIELD, March 2008 30
Table 18: Venture Production plc’s Asset Details,48/15b ALL, March 2008 31
Table 19: Venture Production plc’s Asset Details,22/2a NON-FIELD AREA, March 2008 31
Table 20: Venture Production plc’s Asset Details,48/9a ALL, March 2008 32
Table 21: Venture Production plc’s Asset Details,28/2a ALL, March 2008 32
Table 22: Venture Production plc’s Asset Details,28/5a ALL, March 2008 33
Table 23: Venture Production plc’s Asset Details,29/6a ALL, March 2008 33
Table 24: Venture Production plc’s Asset Details,29/8a SOUTHERN PART OF BLOCK, March 2008 34
Table 25: Venture Production plc’s Asset Details,29/8b ALL, March 2008 34
Table 26: Venture Production plc’s Asset Details,29/9a SOUTHERN PART OF BLOCK, March 2008 35
Table 27: Venture Production plc’s Asset Details,29/9b ALL, March 2008 35
Table 28: Venture Production plc’s Asset Details,43/25a ALL, March 2008 36
Table 29: Venture Production plc’s Asset Details,47/3h ALL, March 2008 36
Table 30: Venture Production plc’s Asset Details,47/8c REST OF BLOCK, March 2008 37
Table 31: Venture Production plc’s Asset Details,48/10a ANN FIELD, March 2008 37
Table 32: Venture Production plc’s Asset Details,48/10a REST OF BLOCK, March 2008 38
Table 33: Venture Production plc’s Asset Details,48/14a ENSIGN DISCOVERY AREA, March 2008 38
Table 34: Venture Production plc’s Asset Details,48/15a AUDREY FIELD AREA (AREA D1), March 2008 39
Table 35: Venture Production plc’s Asset Details,48/15a ENSIGN FIELD AREA, March 2008 39
Table 36: Venture Production plc’s Asset Details,30/11b APPLETON SUBAREA, March 2008 40
Table 37: Venture Production plc’s Asset Details,30/11b HALLEY SUBAREA, March 2008 40
Table 38: Venture Production plc’s Asset Details,30/12b APPLETON SUB AREA, March 2008 41
Table 39: Venture Production plc’s Asset Details,30/12b HALLEY SUBAREA, March 2008 41
Table 40: Venture Production plc’s Asset Details,49/9b ALL, March 2008 42
Table 41: Venture Production plc’s Asset Details,13/21a ALL, March 2008 42
Table 42: Venture Production plc’s Asset Details,16/12a LARCH,BIRCH AND OAK BUT EXCLUD'SYCAMORE, March 2008 43
Table 43: Venture Production plc’s Asset Details,16/12a SYCAMORE FIELD, March 2008 43
Table 44: Venture Production plc’s Asset Details,16/13b ALL, March 2008 44
Table 45: Venture Production plc’s Asset Details,21/11a ALL, March 2008 44
Table 46: Venture Production plc’s Asset Details,21/12 ALL, March 2008 45
Table 47: Venture Production plc’s Asset Details,21/16a ALL, March 2008 45
Table 48: Venture Production plc’s Asset Details,21/18a ALL, March 2008 46
Table 49: Venture Production plc’s Asset Details,21/19 ALL, March 2008 46
Table 50: Venture Production plc’s Asset Details,21/20a NORTH EAST AREA, March 2008 47
Table 51: Venture Production plc’s Asset Details,21/20a REST OF BLOCK, March 2008 47
Table 52: Venture Production plc’s Asset Details,21/20b ALL, March 2008 48
Table 53: Venture Production plc’s Asset Details,21/27a ALL, March 2008 48
Table 54: Venture Production plc’s Asset Details,21/27c ALL, March 2008 49
Table 55: Venture Production plc’s Asset Details,22/22b ALL, March 2008 49
Table 56: Venture Production plc’s Asset Details,49/11a REST OF BLOCK INCLUDING ALISON FIELD, March 2008 50
Table 57: Venture Production plc’s Asset Details,49/10c ALL, March 2008 50
Table 58: Venture Production plc’s Asset Details,21/17a ALL, March 2008 51
Table 59: Venture Production plc’s Asset Details,110/3b, March 2008 51
Table 60: Venture Production plc’s Asset Details,GADWALL, March 2008 52
Table 61: Venture Production plc’s Asset Details,GOOSANDER, March 2008 52
Table 62: Venture Production plc’s Asset Details,CHESTNUT, March 2008 53
Table 63: Venture Production plc’s Asset Details,Marram, March 2008 53
Table 64: Venture Production plc’s Asset Details,Point Ligoure, March 2008 54
Table 65: Venture Production plc’s Asset Details,Stamford, March 2008 54
Table 66: Venture Production plc’s Asset Details,Tabaquite, WD-14, WD-13, March 2008 55
Table 67: Venture Production plc’s Asset Details,Cygnus, March 2008 55
Table 68: Venture Production plc’s Asset Details,Grouse, March 2008 56
Table 69: Venture Production plc’s Asset Details,West Wick, March 2008 56
Table 70: Venture Production plc’s Asset Details,Beechnut, March 2008 57
Table 71: Venture Production plc’s Asset Details,Christian, March 2008 57
Table 72: Venture Production plc’s Asset Details,B/17-5, March 2008 58
Table 73: Venture Production plc’s Asset Details,Ceres, March 2008 58
Table 74: Venture Production plc’s Asset Details,Eris, March 2008 59
Table 75: Venture Production plc’s Asset Details,Pilot, March 2008 59
Table 76: Venture Production plc’s Asset Details,A/15-2, March 2008 60
Table 77: Venture Production plc’s Asset Details,Acorn, March 2008 60
Table 78: Venture Production plc’s Asset Details,F/3-FA, March 2008 61
Table 79: Venture Production plc’s Asset Details,Brighton Marine, March 2008 61
Table 80: Venture Production plc’s Asset Details,Appleton, March 2008 62
Table 81: Venture Production plc’s Asset Details,Bligh, March 2008 62
Table 82: Venture Production plc’s Asset Details,Kew, March 2008 63
Table 83: Venture Production plc’s Asset Details,Amanda, March 2008 63
Table 84: Venture Production plc’s Asset Details,Ensign, March 2008 64
Table 85: Venture Production plc’s Asset Details,Barabarossa, March 2008 64
Table 86: Venture Production plc’s Asset Details,Selkirk, March 2008 65
Table 87: Venture Production plc’s Asset Details,WINDERMERE, March 2008 66
Table 88: Venture Production plc’s Asset Details,SYCAMORE, March 2008 67
Table 89: Venture Production plc’s Asset Details,SATURN {ATLAS+ HYPERION+ RHEA}, March 2008 67
Table 90: Venture Production plc’s Asset Details,MARKHAM, March 2008 68
Table 91: Venture Production plc’s Asset Details,MALLARD, March 2008 69
Table 92: Venture Production plc’s Asset Details,LARCH, March 2008 70
Table 93: Venture Production plc’s Asset Details,KITTIWAKE, March 2008 71
Table 94: Venture Production plc’s Asset Details,J3b-J6, March 2008 71
Table 95: Venture Production plc’s Asset Details,BIRCH, March 2008 72
Table 96: Venture Production plc’s Asset Details,AUDREY, March 2008 73
Table 97: Venture Production plc’s Asset Details,ANNABEL, March 2008 74
Table 98: Venture Production plc’s Asset Details,ANN, March 2008 75
Table 99: Venture Production plc’s Asset Details,ALISON, March 2008 76
Table 100: Venture Production plc’s Asset Details,Halley, March 2008 77
Table 101: Venture Production plc’s Asset Details,MIMAS, March 2008 77
Table 102: Venture Production plc’s Asset Details,CHISWICK, March 2008 78
Table 103: Venture Production plc, SWOT Analysis , 2007 87
Table 104: Venture Production plc, Revenue by Segment, GBP Thousand, 2003-2007 92
Table 105: Venture Production plc, Revenue by Geography, GBP Thousand, 2003-2007 93
Table 106: Venture Production plc, Financial Statements, GBP Thousand, 2003-2007 94
Table 107: Venture Production plc, Financial Ratios, GBP Thousand, 2003-2007 95
Table 108: Venture Production plc Operational Indicators, 2003-2007 96
Table 109: Venture Production plc, Share Holding Structure, 2007 97
Table 110: Venture Production plc, Key Employees, 2007 98
Table 111: Venture Production plc, Deals Summary, 2004 to YTD 2008 112
Table 112: Venture Production plc, Deals Summary by Region, 2004 to YTD 2008 113
Table 113: Venture Production plc, Deals Summary, 2004 to YTD 2008 114
Table 114: Venture Production Acquires 58% Interest In F3-FA Discovery From Nederlandse Aardolie Maatschappij 115
Table 115: Venture Production Acquires 5% Interest In Block 49/4a From Wintershall Noordzee 116
Table 116: Ithaca Sells Its Interest In Polly, Manuel And Carna Prospects To North Sea Energy And Venture Production 117
Table 117: Venture Production Acquires Additional Interest In Block 21/20d From Shell 118
Table 118: Venture Production Farm-In To Barbarossa Discovery 119
Table 119: Venture Production Sells 75% Stake In Ensign Discovery To North Sea Gas Partners 120
Table 120: Venture Production Acquires 32.5% Interest In The Pilot Field From Eni 121
Table 121: Venture Production Acquires Further Interests In Acorn And Beechnut Oil Discoveries From CNR International (U.K.) And CNR International (U.K.) Developments 122
Table 122: Venture Production Sells Trinidad Operations To Ten Degrees North Energy 123
Table 123: Venture Production Acquires 100% Of The Ensign Discovery Area From Shell U.K, Esso Exploration And Production UK And Centrica Resources 124
Table 124: Venture Acquires Interests In Kittiwake Satellites 125
Table 125: Venture Production Acquires Central North Sea Package From Amerada Hess 126
Table 126: Venture Production Acquires 100% Interest In Trees Fields From Marubeni Oil And Gas 127
Table 127: Venture Production Acquires Stake In A Gas Block From ENI UK 128
Table 128: Venture Production To Acquire 70% Interest In Block 110/3b In The East Irish Sea From Reach Oil & Gas 129
Table 129: Tullow Oil To Sell Its Interest In 10 Blocks To Venture Production 130
Table 130: Venture Production To Acquire Interests In Two Dutch Offshore Blocks 131
Table 131: Venture Production Acquires 13.75% Interest In Four Discoveries From E.On 132
Table 132: Venture Production Acquires WHAM Energy 133
Table 133: Venture Production Acquires CH4 Energy From 3i Group 134
Table 134: 3i Group And ArcLight Capital Partners Invested In Venture Production 135
Table 135: ArcLight Capital Partners Invests In North Sea Gas Partners 137
Table 136: Venture Production Completes Private Placement Of $45.82 Million 138
Table 137: Venture Production Plc Completes Private Placement Of $414 Million 139
Table 138: Venture Production Plc Completes Private Placement Of $10 Million 140
Table 139: Venture Production Plc Completes Private Placement Of $50.21 Million 141
Table 140: Venture Production Completes Private Placement of Convertible Bonds 142
1.2 List of Figures
Figure 1: Venture Production plc, Crude Oil Production (BBls), by Country, 2000-2007 24
Figure 2: Venture Production plc, Natural Gas Production (MMcf), by Country, 2000-2007 25
Figure 3: Venture Production plc, Value Chain Analysis 85
Figure 4: Venture Production plc, Deals Volume Summary, 2004 to YTD 2008 112
Figure 5: Venture Production plc, Deals Summary by Region, 2004 to YTD 2008 113
Figure 6: Global Markets Direct Methodology 165
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