Drilling Contractors Settle Patent Suit For $15M
According to the settlement, which was announced Tuesday, GlobalSantaFe will pay a one-time license fee of $12 million. In return, it will be allowed to continue using Transocean’s dual activity drilling technology on two ultra-deepwater rigs in the Gulf of Mexico and another deepwater rig that is currently under construction.
GSF will also pay $3 million in royalties for its prior use of the two...
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