Hicks Thomas LLP congratulates its team of litigators for successfully
representing one of the world’s leading offshore drilling contractors
in arbitration against two of the largest oil companies in the world.
On June 10, 2015, a three-member panel of arbitrators awarded our client
over $176 million, including over $30 million in interest and $9 million
in fees and expenses.
The dispute arose after the assignee of an offshore drilling contract refused
to assume and perform the drilling contract in the wake of the Macondo
disaster in 2010, claiming the drilling rig and its personnel were unsafe
and unfit, and the original contracting party refused to resume its performance
of the contract after the assignee’s breach. Our client demanded
arbitration against both oil companies, seeking unpaid day rate under
the drilling contract. After nearly five years of litigation and arbitration,
and a three-week arbitration hearing, the arbitrators unanimously awarded
our client everything it asked for, with interest.
The Hicks Thomas team was led by partners Gregg Laswell and Allen Rustay
and included partner John Deis, senior counsel Stephen Barrick, and associates
Angela Webster and Kelsey McDowell.