Seadrill and Mermaid Maritime's Asia Offshore Drilling (AOD) is expected to remain largely untouched by the former's Chapter 11 bankruptcy filing in the US this week.
AOD, which is 66% owned by Seadrill and 34% by Mermaid, did not file.
Mermaid said AOD and its subsidiaries have received, as part of Seadrill’s restructuring agreement, the benefit of a temporary waiver and forbearance from default that may have arisen under AOD’s loans.
