Press Release

 Ocyan would like to annouce that signed a new service contract with Petro Rio Jaguar Petróleo S.A. (PetroRio) to operate the semi-submerssible rig West Capricorn. The contract term comprises 730 days, of which 365 days of firm period and 365 days of extension options to be exercised by PetroRio. The operations are expected to begin in the first quarter of 2023. The rig is under reactivation by Ocyan since August, 19^th, 2022.

   West Capricorn is a 6^th generation semi-submersible rig, capable of drilling in water depths of 3,048 meters and total drilling capacity of 11,430 meters.