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Regulatory press release

VTURA: Ventura Offshore announces contract commencement for the SSV Catarina

Ventura Offshore Holding
August 19, 2024 - Ventura Offshore Holding Ltd. ("Ventura Offshore" or the
"Company") announces that the semisubmersible drilling rig, SSV Catarina,
commenced at 00:00am on August 17 (local time), a contract with ENI Indonesia
for a drilling program consisting of four firm wells with an expected duration
of approximately 300 days. In addition to the firm wells, there are priced five
well options (four in Indonesia and one in Vietnam) that could, assuming options
are exercised, keep the rig contracted until Q2 2026. The firm contract period
has a value of approximately USD 72 million, excluding integrated services.

For further queries, please contact:
Mardonildo Filho
Chief Strategy Officer
+55 21 97166 1978
mardonildo.filho@ventura-offshore.com

About Ventura Offshore Holding Ltd.
Ventura Offshore Holding Ltd. is a deepwater drilling contractor providing
deepwater offshore drilling services to the oil and gas industry. The Company's
core activities are focused on 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,
Atlantic Zonda. The Company is incorporated under the laws of Bermuda.
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