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Valaris latest contractor to file for Chapter 11

LONDON-BASED Valaris, the biggest offshore oil rig provider and drilling contractor in the world, has filed for Chapter 11 Bankruptcy with more than US$7 billion worth of debt.

Valaris latest contractor to file for Chapter 11

  The drilling rig contractor filed its Chapter 11 application to the US Bankruptcy Court in the Southern District of Texas yesterday. On Thursday Australian time, Valaris advised it was entering...

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