Transocean Inc. announced that it has reached an agreement in its dispute with contract driller GlobalSantaFe over patent infringement of Transocean's offshore dual activity drilling technology. The agreement follows an amended final judgment entered last month by a federal district court against GlobalSantaFe. The judgment awarded damages to Transocean and permanently enjoined GlobalSantaFe from further infringement of the Transocean dual activity patents. On January 19, 2007, Judge Sim Lake of the U.S. District Court for the Southern District of Texas entered an amended final judgment against GlobalSantaFe following a jury verdict in Transocean's favor. In August 2006, a federal jury found in favor of Transocean after a trial of approximately two weeks before Judge Lake.