M-I, Schlumberger Sued Over Failed Drilling Effort

Law360, New York (April 15, 2011, 4:12 PM EDT) -- The owner of a Colorado oil and gas well has accused contractors M-I Inc. and Schlumberger Technology Corp. of negligent work that cost it $11.3 million and shut down the well, according to a complaint removed to federal court Thursday.

The well owner, Gadeco LLC, said it was forced to hire more subcontractors to fix drilling mistakes, and that the well remains inoperable today, according to a complaint in the U.S. District Court for the District of Colorado. Gadeco said it continued to suffer damages of...
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