Venture boosts development team

Venture Production has contracted Senergy in Aberdeen to provide technical personnel for UK North Sea work.
Sept. 10, 2007

Offshore staff

ABERDEEN, UK --Venture Production has contracted Senergy in Aberdeen to provide technical personnel for UK North Sea work. They will help Venture's staff to optimize the development schedule of the company's UK properties.

The contract includes supply of specialists in subsurface, wells, and production technology evaluation. A dedicated team of reservoir personnel currently is working to prioritize the first set of assets warranting further investment.

According to Senergy, its revenues will be linked directly to its performance, with incentive payments triggered by Venture sanctioning additional investments in the assets. Senergy will also be rewarded through the performance of the developed fields.

09/10/2007

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