Ventura Offshore Midco Ltd.: SSV Catarina – Exercise of 3rd Optional Well

10 Dec 2025 11:30 CET

December 10, 2025 – Ventura Offshore Midco Ltd. (the “Company”) is pleased to
announce that our customer, Eni Indonesia, has exercised the drilling and
completion of the third of four optional wells in Indonesia for the
semisubmersible drilling rig, SSV Catarina.

The exercise of this third optional well is expected to keep the rig utilized
through the second quarter of 2026 and it further increases the firm backlog of
the Company by approximately $20 million. Further exercise by Eni of the
remaining optional well in Indonesia could keep the rig utilized into Q3 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, DS Zonda. Ventura Offshore Midco Ltd.,
and Ventura Offshore Holding Ltd. are incorporated under the laws of Bermuda.

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