Seadrill is in a post-confirmation reporting posture, with the latest supplied docket context consisting of a Chapter 11 Post-Confirmation Report for quarter ended December 31, 2024Dkt. 1703 filed on August 4, 2025. The case traces back to a June 10, 2021 chapter 11 filing in the Southern District of Texas after the offshore drilling contractor entered bankruptcy with a heavily levered, siloed capital structure: approximately $5.662 billion across 12 prepetition credit-facility silos secured by subsets of rig collateral, plus $536 million of 12.0% senior secured notes due 2025 issued by Seadrill New Finance Limited and guaranteed by Seadrill Limited, as reflected in the same post-confirmation report.

The available context does not provide the confirmation order, plan terms, DIP order, or sale-process record, so the case path should be read narrowly from the supplied filings: Seadrill entered chapter 11 as a global offshore drilling business with rig-level collateral packages and secured debt concentrated around its drilling fleet, then moved through restructuring into a post-confirmation phase rather than an active going-concern sale process in the current record. Several related adversary complaints were filed in June 2021 against Seadrill entities, including Clayton Smith’s recovery complaint against Seadrill AmericasDkt. 1 and Christopher Fields’s dischargeability complaint against Seadrill Limited and Seadrill AmericasDkt. 1; one adversary docket later reflects mailing of an order dismissing the adversary case through a BNC Certificate of Mailing related to dismissalDkt. 61.

As of the latest cited filing, the live case signal is administrative rather than transactional: continued post-confirmation reporting is the clearest marker of status, and the context pack identifies no upcoming hearing, unresolved plan milestone, new financing request, or sale deadline.