RNS Number:6422I
Ramco Energy PLC
12 March 2003


12th March 2003

RAMCO WELCOMES SEVEN HEADS PLAN OF DEVELOPMENT APPROVAL

IRISH GAS FIELD ON TRACK FOR 2003 PRODUCTION

Ramco Energy plc (Ramco), the Aberdeen-based exploration and production company,
welcomes the approval of Plan of Development for the Seven Heads Gas field,
located in the Celtic Sea offshore Ireland.

Ireland's Minister of State at the Department of Communications, Marine and
Natural Resources, John Browne T.D., today announced that he has approved a plan
of development for the Seven Heads Partners.

Ramco announces that this approval means that gas deliveries are on track to
commence before the end of 2003.

The Seven Heads Partners plan to re-complete well 48/24-5A and drill five
additional production wells, commencing this month. The wells will be linked to
a sub-sea manifold and connected to the nearby Marathon operated Kinsale Head
facilities by sub-sea pipeline. Agreements are in place with Marathon that
permit additions to, and use of, their existing Kinsale offshore facilities and
pipeline to the Inch Terminal.

The Seven Heads development is expected to supply Ireland with 10-15% of its gas
requirements for approximately the next 15 years - a significant development for
Ireland as currently producing fields have begun to decline.  As a result, Seven
Heads will increase Irish national self-sufficiency in indigenous fuel,
contribute substantially to the Irish economy, and help Ireland meet its
obligations under the Kyoto agreement.

Ramco is Operator of the project and holds an 86.5% interest, with the remaining
interests held by Island Petroleum Developments Ltd (12.5%) and Sunningdale Oils
(Ireland) Ltd 1%.

Commenting on these recent developments, Steve Remp, Executive Chairman of
Ramco, stated:

"We are delighted to have the support of the Minister for a project that is of
great importance to both Ramco and Ireland.  Today's announcement is excellent
news and means that we remain on track to meet our objective of bringing first
gas ashore during the fourth quarter of 2003."


Enquiries:

Michael Parker                                 James Henderson/Phil Wilson-Brown
Fleishman-Hillard Saunders                     College Hill Associates
Dublin                                         London
Tel: +353 (1)   618 8450                       Tel: +44 (207) 457 2020
     +353 (86) 242 9679                             +44 (797) 344 4783



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
STRILFISVIIFLIV