Ventura Offshore Holding Ltd (the Company or Ventura) is pleased to announce it has been granted exclusive marketing rights fromHanwha Drilling LLC for the 7th generation drillship Tidal Action for an ongoing tender process inBrazil . Subject to a successful tender and contract award, it is the parties' intention that the Company will operate the rig on behalf ofHanwha Drilling LLC pursuant to a charter or operating agreement. Potential further expansion of the Ventura platform through marketing agreements is aligned with the Company's strategy of increasing its operational footprint and asset base. AboutVentura Offshore Holding Ltd. Ventura Offshore Holding Ltd. is a deep-water drilling contractor providing deep water offshore drilling services to the oil and gas industry. The Company's core activities are focused in the Brazilian offshore oil and gas market. The Company owns and operates one drillship, DS Carolina, and one semisubmersible drilling rig, SSV Victoria, and manages one drillship, Zonda, and one semisubmersible drilling rig, SSV Catarina. The Company is incorporated under the laws ofBermuda .
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