Pacific Drilling has long been working on a restructuring of its finances due to excessive debt, a process that led the company to file for bankruptcy protection in the US. And now things seem to be looking up for the rig company.
In late December, EnergyWatch's sister media ShippingWatch reported that the company said it had received positive feedback from its lenders and that it expected its plan to be approved by the US Bankruptcy Court in Texas by 2021.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.