Ventura Offshore Holding Ltd.: Fleet Contract Extensions

02 Apr 2026 21:00 CEST

April 2, 2026 - Ventura Offshore Holding Ltd. is pleased to announce the
following contract extensions of the SSV Victoria and managed rig Atlantic
Zonda, operating offshore Brazil:

1. SSV Victoria semi-submersible -- a 1,455-day firm extension of her current
contract, with unilateral termination option by Petrobras from the 910th day
of the extension period, during which she will be deployed to the Búzios field
located in the Santos basin, offshore Brazil. This extension period will start
in January 2027, following a docking period to perform SPS (special periodic
survey), 5-year maintenance plans and installation of an MPD system. This
4-year extension results in approximately US$466 million additional backlog.

2. Atlantic Zonda drillship (managed unit) -- a 365-day contract extension,
taking operations until at least Q2 2029. In exchange, a reduced day rate will
apply until Q2 2028. From Q2 2028 onwards, the original contract day rates,
adjusted as per contract, will be restored for the remainder 1-year duration
of the contract. This 1-year extension, coupled with the day rate adjustments,
results in an additional backlog of approximately US$145 million. A mutually
agreed extension option of up to two years remains available to be exercised.

In addition to the Victoria contract extension contribution of approximately
US$466 million, Ventura will be further entitled to operating fees
proportional to Zonda's additional contract backlog.

"We appreciate the constructive dialogue with our customer Petrobras and their
willingness to reach a mutually beneficial outcome. These agreements reflect
both organizations' commitment to a continuous long-term partnership and
recognize the safe and consistent operational performance our teams continue
to deliver offshore Brazil. Importantly, they also enhance Ventura Offshore's
backlog visibility and support our planning for the years ahead," said
Guilherme Coelho, CEO of Ventura Offshore.

SSV Victoria is a 6th generation ultra-deepwater DP semi-submersible capable
of drilling in water depths of up to 10,000 feet and has a drilling depth
capacity of up to 40,000 feet.

Atlantic Zonda is a 7th generation ultra-deepwater DP drillship capable of
drilling in water depths of up to 12,000 feet and has a drilling depth
capacity of up to 40,000 feet.

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, DS Zonda. The Company is incorporated under the laws of Bermuda.

Additional information about Ventura Offshore Holding can be found at
https://ventura-offshore.com/en/a-ventura/.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-04-02 21:00 CEST.

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