Ventura Offshore Midco Ltd.: Fleet Contract Extensions

10 Apr 2026 15:00 CEST

April 10, 2026 - Ventura Offshore Midco 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 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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