Ventura Offshore Midco Ltd.: SSV Catarina - Exercise of optional well

05 Jun 2025 23:10 CEST

June 5, 2025 – Ventura Offshore Midco Ltd. (the “Company”) is pleased to
announce that our customer, ENI Indonesia, has exercised the first of four
optional wells in Indonesia for the semisubmersible drilling rig, SSV Catarina.

The exercise of this first optional well is expected to keep the rig utilized
into the fourth quarter of 2025 and further it increases the firm backlog of the
Company by about $31 million. Further exercise by ENI of the remaining three
optional wells in Indonesia could keep the rig utilized through Q2 2026.

For further queries, please contact:

Mardonildo Filho
Chief Strategy Officer
+55 21 97166 1978
mardonildo.filho@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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