SeaDrill Limited, along with its 85 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on September 12, 2017. The debtor listed its assets and liabilities in the range of $10 billion to $50 billion. The debtor is represented by Matthew D Cavenaugh of Jackson Walker LLP, Slaughter and May, Kirkland & Ellis LLP, Conyers Dill & Pearman Limited and Thommessen Krefting Greve Lund AS as its legal counsels.

Houlihan Lokey, Inc. acted as financial advisor, Alvarez & Marsal as restructuring advisor to debtor. Prime Clerk LLC acted as notice and claims agent to the debtor.