AOD unaffected by Seadrill's bankruptcy

Singapore

IT is business is as usual for Asia Offshore Drilling Limited (AOD). Mermaid Maritime Public Company Limited announced that AOD, which it co-owns with Seadrill, will be largely unaffected by Seadrill's bankruptcy or Chapter 11 filing.

On Thursday, mainboard-listed Mermaid said that AOD and its subsidiaries are, at this stage, excluded from Seadrill's Chapter 11 filing and expected to continue business operations "uninterrupted in the interim" while restructuring talks continue.