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CNNMoney.com: Venture Production Eyes Shell North Sea Assets – Financial Chief

September 18, 2007: 03:28 AM EST

LONDON -(Dow Jones)- U.K. mid-size oil company Venture Production PLC (VPC.LN) is looking at the U.K. North Sea assets put up for sale in June by Royal Dutch Shell PLC (RDSB.LN) and Exxon Mobil Corp. (XOM), Venture’s Finance Director Marie-Louise Clayton said Tuesday.

The companies are marketing Northern North Sea assets, including operated interests in Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican.

Shell said the sale would impact 25,000 to 30,000 barrels of oil equivalent a day, out of total U.K. output of 350,000 barrels of oil equivalent a day.

-By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; [email protected] dowjones.com

  (END) Dow Jones Newswires
  09-18-07 0328ET
  Copyright (c) 2007 Dow Jones & Company, Inc.

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