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Ventura Offshore Holding

Capital/Financing Update Jun 5, 2025

8199_rns_2025-06-05_4dc13eae-5b8f-4863-9fef-bb4a84db00dc.html

Capital/Financing Update

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

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

June 5, 2025 -- Ventura Offshore Holding 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

[email protected]

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, 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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