EnscoRowan wins $180M in drillship case against Samsung Heavy

Offshore driller EnscoRowan has won $180 million in damages in arbitration proceedings against Samsung Heavy Industry stemming from a 2016 drillship case.

EnscoRowan on Thursday said: “EnscoRowan today announced that an arbitration tribunal has awarded the Company $180 million in damages in its proceedings against Samsung Heavy Industries, a shipyard in South Korea (“SHI”). Further, the Company will be claiming interest on this amount and costs incurred in connection with this matter.”

In April 2016, the company, then known as just Ensco, initiated arbitration proceedings in London against SHI for the losses incurred in connection with a drilling services agreement for ENSCO DS-5 that was voided Brazil’s Petrobras.

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