HOUSTON, Sept 1 (Bernama-GLOBE NEWSWIRE) —MACCO Restructuring Group, a national, middle-market-focused interim leadership and financial advisory firm, recently announced that MACCO Managing Director David Weinhoffer, serving as Chief Restructuring Officer for LaForta – Gestão e Investimentos, Sociedade Unipessoal, Lda., successfully assumed control of and transited La Muralla IV, a sixth generation, semi-submersible oil drilling rig. La Muralla IV is the primary asset of LaForta, which filed a voluntary petition under chapter 11 in the United States Bankruptcy Court for the Southern District of Texas, Houston Division on June 16, 2022. Under Weinhoffer’s leadership, the massive drilling rig, capable of operating in 10,000 ft of water and drilling to a 35,000 ft depth, has been successfully towed across the Gulf of Mexico from Tampico, Mexico to Freeport, Grand Bahamas.
MACCO, which has extensive restructuring experience in energy, including both onshore and offshore oil and gas exploration and production, was able to ensure the safe transit of the drilling rig. Weinhoffer led the complex international efforts to assume control of the rig and assure its safety and that of its crew despite numerous operational and regulatory challenges. His deep knowledge of seafaring, marine operations, business restructuring and bankruptcy were central to the successful transit.