Press Release

SDRL - Seadrill Receives Court Approval of "First Day" Motions

  • Sep 14, 2017
  • Seadrill

Hamilton, Bermuda, September 13, 2017 - Seadrill Limited ("Seadrill" or the "Company") announces today that the court overseeing the Company's chapter 11 restructuring proceedings has granted the relief requested by the Company in its key first-day motions related to ordinary course business activities.  The approved motions give the Company the authority to, among other things, continue to pay employee wages and benefits without interruption, continue to utilize its cash management system and continue to pay all suppliers and vendors in full under normal terms.

The Company intends to meet its obligations in the ordinary course and expects its operations to continue uninterrupted throughout the reorganization process.

Court filings and other information related to the restructuring proceedings are available at a website administered by the Company's claims agent, Prime Clerk, at https://cases.primeclerk.com/seadrill or via the information call center at 844-858-8891 (US toll free) or the following international numbers:

Brazil Toll Free: 0-800-591-8054 Mexico Toll Free: 01-800-681-5354 Nigeria Toll Free: 070-80601847 Norway Toll Free: 800-25-030 Saudi Arabia Toll Free: 800-850-0029 Singapore Toll Free: 800-492-2272 Thailand Toll Free: 1-800-011-156 UAE Toll Free: 8000-3570-4559 UK Toll Free: 0-800-069-8580

The Company has posted FAQs on its website at www.seadrill.com/restructuring. 

This press release is not intended to be, and should not in any way be construed as, a solicitation of votes of bondholders or other investors regarding the chapter 11 plan.

CONTACT:

Prime Clerk

US Toll Free: 844-858-8891 

Brazil Toll Free: 0-800-591-8054 Mexico Toll Free: 01-800-681-5354 Nigeria Toll Free: 070-80601847 Norway Toll Free: 800-25-030 Saudi Arabia Toll Free: 800-850-0029 Singapore Toll Free: 800-492-2272 Thailand Toll Free: 1-800-011-156 UAE Toll Free: 8000-3570-4559 UK Toll Free: 0-800-069-8580

Email: seadrillinfo@primeclerk.com


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