Ventura Offshore Midco Ltd.: DS Atlantic Zonda commences operations

19 Apr 2025 11:30 CEST

April 19, 2025 - Ventura Offshore Midco 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 Midco Ltd.
Ventura Offshore Midco Ltd. is a subsidiary of Ventura Offshore Holding Ltd., a
deep water drilling contractor providing deep water offshore drilling services
to the oil and gas industry. Ventura Offshore Holding Ltd. and its subsidiaries’
core activities are focused in the Brazilian offshore oil and gas market.
Ventura Offshore Holding Ltd. and its subsidiaries owns and operates one
drillship, DS Carolina, and two semisubmersible drilling rigs, SSV Victoria and
SSV Catarina, and manages one drillship, Zonda. Ventura Offshore Midco Ltd., and
Ventura Offshore Holding Ltd. are incorporated under the laws of Bermuda.

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