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Diamond Offshore Drilling sees "substantial doubt" about continuing operations

Rig operator Diamond Offshore Drilling, which is under Chapter 11 in the US, continues negotiations for a rescue plan, though the company cannot guarantee that it will be settled. The company lost USD 1 billion in the first half of the year.

This photo does not relate directly to Diamond Offshore Drilling. | Photo: Dario Lopez-Mills/AP/Ritzau Scanpix

Strained rig operator Diamond Offshore Drilling, which was placed under Chapter 11 in the US this spring, has not yet been able to settle a rescue plan.

Even though efforts are ongoing, Diamond Offshore Drilling cannot guarantee that this will result in a solution that ensures continued operations, says the company in a statement Monday.

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