
Ventura Offshore Adds Searah Well to SSV Catarina Contract
Ventura Offshore has added the JKNE Upside-1 Dir well to SSV Catarina’s Indonesia drilling programme, increasing firm backlog by about $21.7 million.

Ventura Offshore has added the JKNE Upside-1 Dir well to SSV Catarina’s Indonesia drilling programme, increasing firm backlog by about $21.7 million.

SED Energy Holdings plans to acquire Ventura Offshore in an all-share transaction, creating a combined offshore drilling group with a pro forma equity value of about $1 billion.

Ventura Offshore will manage Deep Value Driller and has signed an Indonesia drilling contract with PETRONAS carrying an estimated value of approximately $58 million.

Ventura Offshore has secured additional work for the SSV Catarina in Indonesia after an option exercise by Eni Muara Bakau B.V. The award is expected to keep the rig working through Q4 2026 while increasing the company’s firm backlog by about $25.1 million.

Ventura Offshore extended the contract for DS Carolina offshore Brazil by 135 days, adding about $29 million in backlog and shifting the next mobilization window to January 2027.

Ventura Offshore has secured two contract extensions with Petrobras for SSV Victoria and Atlantic Zonda, adding about $611 million in backlog and extending drilling activity offshore Brazil.
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