Seadrill files for bankruptcy protection for its Asian units

Deepwater drilling contractor Seadrill Ltd has filed for bankruptcy protection for its Asian units.Sapura Energy Bhd has been in a joint venture with Seadrill in Asia.

PETALING JAYA: Deepwater drilling contractor Seadrill Ltd has filed for bankruptcy protection for its Asian units following the impact of the Covid-19 pandemic on the global economy.

In a statement, Seadrill said Chapter 11 cases had been filed in the Southern District of Texas in respect of its wholly-owned subsidiaries Seadrill GCC Operations Ltd, Asia Offshore Drilling Ltd, Asia Offshore Rig 1 Ltd, Asia Offshore Rig 2 Ltd and Asia Offshore Rig 3 Ltd.