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Ventura Offshore Adds $25.1 Million Backlog Through SSV Catarina Option in Indonesia

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 SSV Catarina semi-submersible drilling rig for Indonesia work
SSV Catarina to continue Indonesia drilling work. (SSV Catarina to continue Indonesia drilling work. (Source: PetroServ)

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Ventura Offshore will continue operating its SSV Catarina semi-submersible drilling rig in Indonesia after Eni Muara Bakau B.V. exercised an option covering the fourth optional well and top hole work.

The option was exercised by Eni Muara Bakau B.V., a subsidiary of Searah Limited, the joint venture between Eni and PETRONAS.

Following the award, Ventura Offshore expects SSV Catarina to remain on contract through the fourth quarter of 2026.

The company said the additional scope will add approximately $25.1 million to its firm backlog.

No further commercial terms or operational details were disclosed.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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