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Yet another Chapter 11 is part of Seadrill's considerations

Seadrill includes a Chapter 11 filing as one of the options the drilling company can use to get through the current restructuring, according to comments to Wall Street Journal.

Photo: INTS KALNINS/REUTERS / X02120

Distressed drilling company Seadrill includes a Chapter 11 as one of the options available to get through the crisis in which the company currently finds itself, a spokesman tells Wall Street Journal after a teleconference held by the company.

"We are considering all options at this stage, of which chapter 11 is one," he says. A Chapter 11 would give the company some peace and time for a restructuring.

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