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Venture Production is planning to invest almost £300m in its North Sea oil operations this year.
Venture Production is to acquire Wham Energy, the North Sea oil and gas exploration company, for £14m.
Venture Production is to invest £70m in the development of a new 33km North Sea pipeline to export oil from its fields in the Greater Kittiwake Area by late 2007.
Venture Production is looking to double its North Sea oil and gas reserves and production by 2008, focusing on smaller fields that are considered uneconomic by the major oil companies.
Venture Production has secured government approval to develop the Mimas gas field in the southern North Sea.
Venture Production and its partners are to invest about £1bn in the North Sea over the next five years, including the acquisition of more unwanted oil and gas assets from the majors.
Venture Production is planning to invest £96m in the development of the Ensign gas field in the North Sea, with production starting in 2007 or 2008.
Venture Production is to acquire a package of oil development assets in the Central North Sea from Amerada Hess for about £8m.
Venture Production is to raise £25m in a share placing to fund the expansion of its oil production business.
Venture Production is to acquire five North Sea oil blocks from Marubeni Oil & Gas for £28m.
Venture Production has acquired First Oil's interests in the southern North Sea for £6.6m, and has also won licences to develop additional blocks with Dana Petroleum.
Venture Production has won government approval for a £90m project to develop the Sycamore oil and gas field, creating 400 onshore and offshore jobs during construction.
Venture Production of Aberdeen is planning to raise about £25m in a flotation next month to fund the development of oil and gas reserves in the North Sea and in Trinidad.