Offshore driller Valaris to explore bankruptcy with its creditors-sources
April 21, 2020 at 14:30 PM EDT
Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices, people familiar with the matter said on Tuesday.