Pacific Drilling remained in the red for the fourth quarter, during which the Idan Ofer-backed company emerged from bankruptcy.
The New York-traded company reported a $1.8bn loss between 1 October and 20 November, when the company's reorganization plan went into effect.
After bankruptcy, the company posted a $27.5m loss.
Total contract drilling revenue came in at $59.6m alongside $44.8m in operating expenses
“Following our emergence from Chapter 11 on November 19, our leadership team placed heightened emphasis on cost control and G&A process optimization while ensuring that we continue to deliver the level of high-quality drilling services for which Pacific Drilling has...
