We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

After Losing Contract Bid, Monitor Oil Files For Ch. 11

Law360 (November 26, 2007, 12:00 AM EST) -- Oil and gas production support services company Monitor Oil Plc has filed for protection under Chapter 11, just three weeks after revealing that it lost a bid for a contract to remove drilling platforms from ConocoPhillips Co.’s Ekofisk complex off the coast of Norway.

Monitor filed a voluntary petition Wednesday in the U.S. Bankruptcy Court for the Southern District of New York along with two subsidiaries, Monitor US Finco Inc. and Monitor Single Lift 1 Ltd. The company listed assets and debts of over $100 million...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.