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Seadrill (OTCQX:SDRLF) says it filed for Chapter 11 bankruptcy protection for its Asian units, the second within four years by what was once the world's largest offshore oil driller by market value.
Seadrill completed an overhaul of its finances in July 2018 but still was weighed with nearly $6B in bank debt after leaving bankruptcy protection.
https://
www.seekingalpha.com/news/3659313-seadrills-asia-units-file-for-chapter-11?mail_subject=sdrlf-seadrill-s-asia-units-file-for-chapter-11