BP, Rowan reach agreement on Gorilla V jack up rig dispute

By the OGJ editors
HOUSTON, Apr. 8 -- BP PLC and its partner companies will pay Rowan Cos. Inc. $175 million as part of a settlement that resolves a long-standing dispute over Rowan's Gorilla V jack up rig.

The agreement was reached between a group comprising units of BP PLC, Amerada Hess Corp., and Enterprise Oil PLC and a group comprising Rowan LeTourneau Inc. and British American Offshore Ltd. Neither group of companies admitted fault.

As part of the agreement, Rowan dismissed a lawsuit in Houston planned against BP and partners. In turn, BP agreed to withdraw any previous negative comments regarding Gorilla V.

The case stems from Amoco (UK) Exploration Co. (now part of BP) terminating its long-term contract for North Sea drilling while the Super Gorilla Class jack up was still under construction. Amoco alleged a breach in equipment performance, according to Rowan (OGJ, Feb. 1, 1999, p. 30).

Related Articles

Oklahoma reduces wastewater disposal well volumes in Oklahoma, Logan counties

08/05/2015 The Oklahoma Corporation Commission’s Oil & Gas Conservation Division (OGCD) announced plans to reduce oil and gas wastewater disposal well vol...

IFC signs financing agreement to assist Argentinian producer

08/04/2015 The International Finance Corp. signed a $520-million financing agreement with Pan American Energy to help the Buenos Aries oil and gas producer de...

Mahawar named ONGC director, onshore

08/04/2015 Ved Prakash Mahawar has been named director, onshore, of Oil & Natural Gas Corp. In his new role, Mahawar will oversee all onshore operations.

Woodside lets contract for Browse FLNG project

08/03/2015 Woodside Petroleum Ltd. has let a 12-month, $6-million contract to Wood Group Kenny (WGK) to carry out a front-end engineering and design job for t...

OGUK cites possible production increase for 2015


Oil & Gas UK says production from the UK Continental Shelf could increase this year for the first time in 15 years.

Cidade de Itaguai FPSO starts production from Santos basin

08/03/2015 The Cidade de Itaguai floating production, storage, and offloading vessel started production on July 31 from the Iracema North area of Lula field o...

EPA initiatives give new meaning to political gridlock


Bad energy policy has one positive attribute: a strong tendency for mistakes to devour themselves.

Delays, supply overhang menace North American LNG exports

08/03/2015 Permitting problems and delays affecting North American LNG export projects could combine with an overhang of LNG supply to make it difficult for N...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts

Operating a Sustainable Oil & Gas Supply Chain in North America

When Tue, Oct 20, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.


On Demand

Leveraging technology to improve safety & reliability

Tue, Sep 22, 2015

Attend this informative webinar to learn more about how to leverage technology to meet the new OSHA standards and protect your employees from the hazards of arc flash explosions.


The Resilient Oilfield in the Internet of Things World

Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.


Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected