Ventura Offshore has announced the following contract extensions of the SSV Victoria and managed rig Atlantic Zonda, operating offshore Brazil:
1. SSV Victoria semi-submersible – a 1,455-day firm extension of her current contract, with unilateral termination option by Petrobras from the 910th day of the extension period, during which she will be deployed to the Búzios field located in the Santos basin, offshore Brazil. This extension period will start in January 2027, following a docking period to perform SPS (special periodic survey), 5-year maintenance plans and installation of an MPD system. This 4-year extension results in approximately US$466 million additional backlog.
2. Atlantic Zonda drillship (managed unit) – a 365-day contract extension, taking operations until at least Q2 2029. In exchange, a reduced day rate will apply until Q2 2028. From Q2 2028 onwards, the original contract day rates, adjusted as per contract, will be restored for the remainder 1-year duration of the contract. This 1-year extension, coupled with the day rate adjustments, results in an additional backlog of approximately US$145 million. A mutually agreed extension option of up to two years remains available to be exercised.
In addition to the Victoria contract extension contribution of approximately US$466 million, Ventura will be further entitled to operating fees proportional to Zonda’s additional contract backlog.
'We appreciate the constructive dialogue with our customer Petrobras and their willingness to reach a mutually beneficial outcome. These agreements reflect both organizations’ commitment to a continuous long-term partnership and recognize the safe and consistent operational performance our teams continue to deliver offshore Brazil. Importantly, they also enhance Ventura Offshore’s backlog visibility and support our planning for the years ahead,' said Guilherme Coelho, CEO of Ventura Offshore.
SSV Victoria is a 6th generation ultra-deepwater DP semi-submersible capable of drilling in water depths of up to 10,000 feet and has a drilling depth capacity of up to 40,000 feet.
Atlantic Zonda is a 7th generation ultra-deepwater DP drillship capable of drilling in water depths of up to 12,000 feet and has a drilling depth capacity of up to 40,000 feet.
Source: Ventura offshore
