2020 Vantage Deepwater Co., et al. v. Petrobras America Inc., et al.
Arbitration in Houston, Texas. DLS (along with Quinn Emanuel Urquhart & Sullivan LLP) represented Texas oil rig operator Vantage Deepwater Co. following a dispute over a canceled drilling contract with Petrobras America Inc. The underlying dispute relates to offshore drilling work Vantage Deepwater agreed to do for Petrobras using the ultra-deepwater Titanium Explorer drilling rig for eight years, starting in 2012. Three years in, however, Petrobras wrongfully canceled the contract, shortly after the companies amended the agreement to allow the rig to drill in the Gulf of Mexico. A $622 million arbitral award was issued to Vantage Deepwater. U.S. District Judge Alfred H. Bennett enforced the award of the arbitrators. The Fifth Circuit affirmed Judge Bennett (No. 19-20435; in the U.S. Court of Appeals for the Fifth Circuit) and the arbitration award was confirmed in its entiriety.