PETRONAS awards Ventura Offshore drilling contract for Indonesia well

Ventura Offshore has secured a $58-million drilling contract with PETRONAS E&P Bobara offshore Indonesia while also expanding its managed fleet through a marketing and operations agreement for the ultra-deepwater drillship Deep Value Driller.
Sept. 9, 2026
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Why this news matters:

  • The contract adds to growing evidence of renewed offshore drilling demand in Southeast Asia, where operators are advancing exploration and development programs to support regional energy supply.

  • Ventura's marketing and operations agreement for the Deep Value Driller expands the contractor's managed fleet while creating additional opportunities to compete for ultra-deepwater work beyond this initial PETRONAS campaign.

 

Courtesy Deep Value Driller AS
Deep Value Driller ultradeepwater drillship

The Deep Value Driller ultradeepwater drillship will be marketed and operated by Ventura Offshore under a new agreement with Eldorado Drilling and is slated to begin work on a PETRONAS E&P Bobara drilling campaign offshore Indonesia.

At a glance: Deep Value Driller

  • Rig type: Ultradeepwater drillship

  • Current arrangement: Marketing and operations management by Ventura Offshore

  • Owner: Eldorado Drilling

  • Initial assignment: One-well PETRONAS E&P Bobara program offshore Indonesia

  • Contract value: $58 million

Ventura Offshore Holding has entered an agreement with Eldorado Drilling to perform marketing and operations management services for the ultradeepwaer drillship Deep Value Driller.

In addition, Ventura Offshore has signed a $58 million contract with PETRONAS E&P Bobara for a one-well drilling program offshore Indonesia.

The drilling campaign offshore Indonesia comes as Southeast Asia remains one of the more active offshore exploration and development regions, with operators pursuing both gas-focused projects and new oil opportunities to meet domestic energy demand.

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About the Author

Jeremy Beckman
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Jeremy Beckman

Staff Writer / Editor, Europe

Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.

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