Yet another rig company files for Chapter 11
The drilling market has been hit hard by a large oil price drop and the coronavirus crisis, and this now means that yet another major player has to file for Chapter 11. Another big company could follow suit.
![Photo: Mark J. Terrill/AP/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article12317975.ece/ALTERNATES/schema-16_9/drilling.jpg)
by SØREN PICO
The challenging rig market has made another major player file for Chapter 11 to handle a large billion-dollar debt.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Analyst projects three survivors among listed rig operators
For subscribers