Seadrill Limited (SDRL): Filing of Chapter 11 Cases for Seadrill
HAMILTON, Bermuda, Feb. 10, 2021 /PRNewswire/ The Board of Seadrill Limited ( Seadrill or the Company ) (OSE: SDRL, OTCQX:SDRLF) today announces that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill and its consolidated subsidiaries (the Seadrill Group ) with the exceptions set out below.
These filings are made in addition to the Chapter 11 cases filed separately for Seadrill GCC Operations Ltd, Asia Offshore Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited, as announced by the Company on February 7, 2021. The Chapter 11 filings do not include Seadrill New Finance Limited and its subsidiaries; Seabras Servicos de Petroleo SA, Seadrill JU Newco Bermuda Limited, Seadrill Member LLC, Seadrill Mobile Units UK Limited, Seadrill Partners LLC Holdco Limited, Seadrill Seabras SP UK Limited, Seadrill Seabras UK Limited, Seadrill S
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HAMILTON, Bermuda, Feb. 8, 2021 /PRNewswire/ The Board of Seadrill Limited ( Seadrill or the Company ) (OSE: SDRL) (OTCQX: SDRLF) today announces that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill s wholly-owned subsidiaries Seadrill GCC Operations Ltd, Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited (jointly, the AOD Companies ).
The Chapter 11 cases were filed as a protective measure to support Seadrill s broader comprehensive financial restructuring and will in no way affect the safe and efficient operation of the AOD offshore drilling units. The Company will request authority to pay its key trade creditors and employee wages and benefits without change or interruption and expects it will pay all suppliers and vendors in full under normal terms for goods and services provided during the Chapter 11 cases.
Seadrill Limited (SDRL): Asia Offshore Drilling Chapter 11 Filing
The Board of Seadrill Limited yesterday announces that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill’s wholly-owned subsidiaries Seadrill GCC Operations Ltd, Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited (jointly, the “AOD Companies”).
The Chapter 11 cases were filed as a protective measure to support Seadrill’s broader comprehensive financial restructuring and will in no way affect the safe and efficient operation of the AOD offshore drilling units. The Company will request authority to pay its key trade creditors and employee wages and benefits without change or interruption and expects it will pay all suppliers and vendors in full under normal terms for goods and services provided during the Chapter 11 cases.