Seadrill Limited (SDRL) emerges from Chapter 11 on 22 February 2022

Restructuring Highlights:

  • $5 billion deleveraging.
  • $350 million of new money.
  • Significantly simplified structure from 12 silos of secured debt into one single silo.

New Legal Entity Structure

The following diagram outlines the future legal entity structure for the post C11 Seadrill Limited group indicating some financing features of the group. Each of the key holding companies (NSNCo and the Seabras Sapura group) have a number of subsidiaries. 

Seadrill Limited – Post Emergence Simplified Legal Structure

Information and resources

About Chapter 11

Press releases

Seadrill Limited Plan Confirmation Order

Case information: Court filings and other information related to the court-supervised proceedings are available at

Information line: If you have any questions about this process, please call U.S. toll free (001) 844-858-8891 or email