Ventura Offshore Holding Ltd.: DS Atlantic Zonda commences operations

19 Apr 2025 11:30 CEST

April 19, 2025 - Ventura Offshore Holding Ltd (the "Company") is pleased to
announce the commencement of operations for the Atlantic Zonda under a 3-year
contract, with an option for additional 3 years, with Petrobras. The Atlantic
Zonda is managed by Ventura Offshore through marketing and operating
agreements with the rig owner, Eldorado Drilling, and the Company will earn
its management fees and reimbursable revenues from these agreements.

Following the delivery of the Atlantic Zonda from Samsung shipyards, contract
preparations were meticulously carried out in Singapore, where the rig was
upgraded with the most advanced technological drilling package available. The
Atlantic Zonda is a state-of-the-art, full dual activity rig equipped with
Managed Pressure Drilling (MPD) capability. This cutting-edge rig will be
operating for Petrobras over the next three years, marking a significant
milestone in our ongoing and long-lasting partnership.

Guilherme Coelho, CEO of Ventura Offshore, said: "We extend our heartfelt
congratulations to the entire Ventura Offshore team for achieving this
important milestone. Their dedication and hard work have been instrumental in
bringing this project to fruition. Additionally, we would like to express our
sincere gratitude to Eldorado Drilling for their invaluable partnership and
support throughout this endeavor. We look forward to delivering safe and
efficient operations to Petrobras with the Atlantic Zonda."

Svend Anton Maier, CEO of Eldorado Drilling, commented: "We are excited to
commence the contract made possible through our strong relationship with
Ventura and the hard work, dedication and commitment of the entire Zonda
project team."

For further queries, please contact:

Guilherme Coelho
Chief Executive Officer
+55 21 99311 1167
guilherme.coelho@ventura-offshore.com

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 two
semisubmersible drilling rigs, SSV Victoria and SSV Catarina, and manages one
drillship, Zonda. The Company is incorporated under the laws of Bermuda.

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