Bankruptcy filing no effect on Seadrill-Sapura JV

Secure operations: The Sapura Diamante pipe-laying support vessel deployed in the Gulf of Mexico, is one of six units co-owned with Seadrill.

PETALING JAYA: Sapura Energy Bhd’s joint venture with deepwater drilling contractor Seadrill Ltd, namely, Sapura Navegacao Maritima SA (SNM), is not affected by Seadrill’s Chapter 11 filing in the United States for its Asian drilling operations.

On Monday, Seadrill filed for bankruptcy protection for its Asian units which covers Seadrill GCC Operations, Asia Offshore Drilling Ltd, Asia Offshore Rig 1 Ltd, Asia Offshore Rig 2 Ltd and Asia Offshore Rig 3 Ltd. This is its second filing in four years.