Ventura Offshore Holding Ltd.: SSV Catarina – Exercise of 2nd Optional Well
October 1, 2025 - Ventura Offshore Holding Ltd. (the “Company”) is pleased to announce that our customer, Eni Indonesia, has exercised the second of four optional wells in Indonesia for the semisubmersible drilling rig, SSV Catarina.
The exercise of this second optional well is expected to keep the rig utilized into the first quarter of 2026 and it further increases the firm backlog of the Company by approximately $10 million. Further exercise by Eni of the remaining two optional wells in Indonesia could keep the rig utilized through Q2 2026.