Transocean Announces Settlement and License Agreement

Monday, July 30, 2007
Transocean Inc. announced that one of its subsidiaries has entered into a settlement and license agreement with Noble Corporation. In the agreement, the Transocean subsidiary granted to Noble a worldwide and non-exclusive license to utilize Transocean's patents for offshore dual activity drilling methods and structures on the semisubmersible rig Noble Clyde Boudreaux which is currently working in the U.S. Gulf of Mexico.

The agreement follows a settlement of Transocean's February 2007 patent infringement suit against Noble in the U.S. District Court of the Southern District of Texas, Houston division. In the lawsuit, Transocean alleged that a recent upgrade to the Noble Clyde Boudreaux infringed claims of the Transocean patents. Transocean also alleged that the Noble Clyde Boudreaux contract with Shell and expected operations in the Gulf of Mexico would infringe the patents as well.

As part of the settlement with Noble, Transocean granted Noble a worldwide and non-exclusive license for utilizing the dual activity drilling technology on the Noble Clyde Boudreaux. Transocean agreed to license the rig for the life of the dual activity patents for an undisclosed royalty, but Noble may terminate the agreement after the initial two year term of the Shell contract if Noble removes the patented dual activity capability from the rig. The agreement does not cover additional rigs, but Noble has agreed not to challenge Transocean's dual activity patents in the future.

Transocean developed its dual activity drilling design in 1996 as part of a project to more efficiently construct wells in deepwater through the use of two complete drilling systems, allowing for parallel drilling operations to be conducted on a single well that saves operators both time and money, compared with conventional rigs. Transocean continues to pursue new ways of saving its customers time and money in the drilling of deepwater exploration and development wells with the patented design.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

RN Diving Expert Chris Baldwin Joins IMCA

The International Marine Contractors Association (IMCA) Secretariat says that Chris Baldwin has joined its team as a Technical Adviser following a short secondment from the Royal Navy.

Update: LOOP Terminal Shutdown

LOOP's Offshore Marine Terminal suspended its crude oil offloading operations on August 13 while investigating an oil sheen discovered along the pipeline. According to the terminal,

GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,

 
 
Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1015 sec (10 req/sec)