The Indonesian arm of Italian energy major Eni has exercised a well option for one of Ventura Offshore’s rigs.
Ventura said that Eni Indonesia exercised the first of four optional wells in Indonesia for the 2012-built semisub SSV Catarina.
The exercise of this first optional well is expected to keep the rig utilised into the fourth quarter of 2025 and increase the firm backlog of the company by about $31m.
In case Eni exercises the remaining three optional wells, the rig could remain in Indonesia through the second quarter of 2026.
The rig started working for Eni in August 2024. Apart from the three well options in Indonesia, the Italian firm has a fixed-priced option for one well in Vietnam.
The SSV Catarina became part of the Ventura Offshore fleet in June 2024 when it was bought from Umas 1 for $105m.
