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.
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