Swiber Holding's judicial managers are seeking more time to submit a restructuring plan.
They said they need until 21 July to finalise proposals to send to creditors of the struggling Singapore offshore shipowner.
The managers will also then summon a meeting to decide the company's future.
The application will be heard on 8 March at Singapore's high court.
Swiber, which went under court-appointed management last year, has revealed claims against it total $288.8m.
