Seadrill New Finance Limited

Case No. 22-90001


Case Background

On January 11, 2022, Seadrill New Finance Limited and eleven affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.  The cases are pending before the Honorable David R. Jones, and are jointly administered under Case No. 22-90001.

Important Information & Dates

Plan & Disclosure Statement

On January 11, 2022, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto. The Bankruptcy Court held a hearing to consider approval of the Disclosure Statement on January 12, 2022 at 3:00 p.m. (CT).   On January 12, 2022, the Bankruptcy Court entered an order confirming the Plan.  On January 20, 2022, the Effective Date of the Plan occurred, and the Plan was consummated.

Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held on January 12, 2022 at 3:00 p.m. (CT) before the Honorable David R. Jones, United States Bankruptcy Court for the Southern District of Texas, in Courtroom 400, 4th floor, 515 Rusk Avenue, Houston, Texas 77002.  

Please click below to view and download the Debtors' First Day Motions and Orders:

First Day Motions

First Day Orders


Parties

Debtors' Counsel

  • Kirkland & Ellis LLP (Chicago)

    300 North LaSalle Street
    Chicago, IL   60654
    https://www.kirkland.com
    Phone: 312.862.2000
    Fax: 312.862.2200

    Anup Sathy, P.C.
    Ross M. Kwasteniet, P.C.
    Spencer Winters
    Jaimie Fedell

  • Kirkland & Ellis LLP (New York)

    601 Lexington Avenue
    New York, NY   10022
    https://www.kirkland.com
    Phone: 212.446.4800
    Fax: 212.446.4900

    Christopher Marcus, P.C.

  • Jackson Walker LLP

    1401 McKinney Street, Suite 1900
    Houston, TX   77010
    https://www.jw.com
    Phone: 713.752.4200
    Fax: 713.752.4221

    Matthew D. Cavenaugh
    Jennifer F. Wertz
    Vienna F. Anaya
    Victoria Argeroplos

Debtors

Case Number Debtor Name Petition Date
Case Number 22-90001 Debtor Name Seadrill New Finance Limited Petition Date January 11, 2022
Case Number 22-90009 Debtor Name Seadrill SKR Holdco Limited Petition Date January 11, 2022
Case Number 22-90003 Debtor Name Seadrill JU Newco Bermuda Limited Petition Date January 11, 2022
Case Number 22-90008 Debtor Name Seadrill Seabras SP UK Limited Petition Date January 11, 2022
Case Number 22-90005 Debtor Name Seadrill Mobile Units UK Limited Petition Date January 11, 2022
Case Number 22-90006 Debtor Name Seadrill Partners LLC Holdco Limited Petition Date January 11, 2022
Case Number 22-90002 Debtor Name Seadrill Member LLC Petition Date January 11, 2022
Case Number 22-90012 Debtor Name Seadrill Seadragon UK Limited Petition Date January 11, 2022
Case Number 22-90011 Debtor Name Seadrill SeaMex 2 de Mexico S. de R.L. de C.V. Petition Date January 11, 2022
Case Number 22-90007 Debtor Name Sevan Drilling Rig VI AS Petition Date January 11, 2022
Case Number 22-90004 Debtor Name Sevan Drilling Rig VI Pte. Ltd. Petition Date January 11, 2022
Case Number 22-90010 Debtor Name Seadrill Seamex SC Holdco Limited. Petition Date January 11, 2022