Ventura Offshore Holding Ltd.: Fleet Contract Extensions

10 Apr 2026 15:00 CEST

April 10, 2026 - Ventura Offshore Holding Ltd. is pleased to announce a
135-day extension of the current contract and economics for our drillship, DS
Carolina, taking operations until September 2026, resulting in approximately
US$29 million additional backlog. Because of this extension, the mobilization
window of her subsequent contract for deployment to the Sepia-Atapu field has
been postponed to January 2027. Except for this mobilization window
postponement, no other adjustments were negotiated for the Sepia-Atapu
contract.

This DS Carolina contract extension, together with SSV Victoria's extension
announced on April 2, 2026, result in a total additional backlog of US$495
million for the company. Last week the Company also announced an additional
backlog of $145million for our managed vessel, Atlantic Zonda, that entitles
Ventura Offshore to operating fees.

"This extension further strengthens our backlog and reflects the continued
demand for our assets offshore Brazil. Importantly, it allows us to optimize
the transition of DS Carolina into its next campaign while maintaining
operational continuity and efficiency for our client," said Guilherme Coelho,
CEO of Ventura Offshore.

DS Carolina is a 6th generation ultra-deepwater DP drillship capable of
drilling in water depths of up to 10,000 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/.

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