The decision by Judge Felipe Consuelo Soto will permit the Mexican offshore vessel operator to return to regular operations nearly 10 months after descending into the insolvency proceedings amid a fraud scandal.
Twenty-two companies representing 63.9% of the Ciudad del Carmen-based outfit’s creditors agreed to the company’s restructuring plan earlier this month, according to Mexico’s El Economista business newspaper.
Oceanografia entered into court restructuring in July, shortly after chief executive Amado Yanez was arrested for allegedly violating Mexican banking laws.
