Weatherford Says JV Partner Stole Well-Monitoring Technology

Law360, Houston (March 19, 2013, 7:48 PM EDT) -- A subsidiary of oilfield services giant Weatherford International Ltd. on Tuesday alleged in Texas court that a British producer of fiber optics stole proprietary oil well-monitoring technology after a joint venture to produce well sensors never materialized.

Weatherford US LP claims that Silixa Ltd. is marketing optical monitoring systems that largely incorporate and capitalize on Weatherford’s designs, which the company confidentially disclosed to Silixa in 2008 during negotiations to produce the sensors collaboratively.

“Defendants’ access to, and unauthorized use of, Weatherford’s optical technology will continue unabated,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.