Pacific Drilling will file Chapter 11 papers in the Southern District of New York as it seeks to restructure $3bn worth of debt.
The company, in which Idan Ofer’s Quantum Pacific Gibraltar is the dominant shareholder, will join peers including John Fredriksen’s Seadrill in seeking protection in the US.
Pacific Drilling warned in August a Chapter 11 filing was possible at the same time as chief executive Chris Beckett resigned.
