Ventura Offshore Holding Ltd.: SSV Catarina – Exercise of 3rd Optional Well
December 10, 2025 - Ventura Offshore Holding 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.