Eni Indonesia Exercises Well Option for Ventura Offshore’s Rig
The Indonesian arm of Italian energy major Eni has exercised a well option for one of Ventura Offshore’s rigs.
Ventura Offshore announced that Eni Indonesia has 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 utilized into the fourth quarter of 2025 and increase the firm backlog of the company by about $31m.
If Eni chooses to exercise the remaining three optional wells, the rig could remain in Indonesia through the second quarter of 2026.
The SSV Catarina started working for Eni in August 2024. In addition to 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 acquired from Umas 1 for $105m.