Rowan Companies v. Transco Exploration Co.

OPINION

COHEN, Justice.

This is a breach of contract suit brought by Rowan against Transco, which resulted in a take nothing judgment for the defendant, Transco.

In 1976, Rowan agreed to furnish an offshore oil rig and crew to Transco to drill two oil wells in the Gulf of Mexico. On September 20, 1977, a blowout and fire occurred on the rig, the Rowan-Odessa, during drilling of the second well. The fire burned until October 6, 1977, and the rig remained at the site and was used to plug and abandon the second well until November 24, 1977, when it was towed away for repairs, which continued until…