Transocean Submits Writ Against Smedvig

Smedvig has received a writ from Transocean Offshore Deepwater Drilling Inc. In the writ Transocean demands that Smedvig is prohibited from applying simultaneous operations in offshore drilling activities. In addition, Transocean claims compensation for alleged infringement of their patents of multi-activity offshore drilling apparatus and method. The claims include Smedvig's operations on the drillship West Navigator and the semisub, West Venture.

Smedvig considers the writ to be unfounded. However, should the allegations of Transocean be supported, Smedvig is covered by contract indemnities from relevant suppliers of equipment and drilling rigs. Potential legal proceedings will be conducted in Norwegian Courts of Justice.