Ventura Offshore Holding Ltd – Enters into exclusive marketing right for 7th generation drillship

24 Jun 2024 13:00 CEST

Ventura Offshore Holding Ltd (the Company or Ventura) is pleased to announce it
has been granted exclusive marketing rights from Hanwha Drilling LLC for the 7th
generation drillship Tidal Action for an ongoing tender process in Brazil.
Subject to a successful tender and contract award, it is the parties' intention
that the Company will operate the rig on behalf of Hanwha Drilling LLC pursuant
to a charter or operating agreement.

Potential further expansion of the Ventura platform through marketing agreements
is aligned with the Company’s strategy of increasing its operational footprint
and asset base.


About Ventura Offshore Holding Ltd.
Ventura Offshore Holding Ltd. is a deep-water drilling contractor providing deep
water offshore drilling services to the oil and gas industry. The Company's core
activities are focused in the Brazilian offshore oil and gas market. The Company
owns and operates one drillship, DS Carolina, and one semisubmersible drilling
rig, SSV Victoria, and manages one drillship, Zonda, and one semisubmersible
drilling rig, SSV Catarina. The Company is incorporated under the laws of
Bermuda.

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