The bench trial before U.S. District Judge Alfred Bennett began Wednesday in the suit brought by Eni in October 2014. Eni told the court Transocean agreed to provide it the drilling vessel, called Deepwater Pathfinder, in good working condition but failed to do so, as the Pathfinder had downtime that exceeded industry standards — around 23 percent compared to an average of 5 percent — and failed to resolve equipment issues when notified. The continued breaches, Eni wrote, necessitated the termination of its drilling contract.
Both companies filed proposed findings of fact and conclusions of law to the court on May 31. In Transocean's, it told the court Eni owes it $171.6 million in unpaid invoices related to the drilling contract. Eni told the court that the damage it suffered as a result of the "operational deficiencies" of Pathfinder — reached by finding the difference between the $650,000 per day rate it was paying and the value of what it received — is $78.2 million. Additionally, Transocean's breaches cost it $120.8 million in excess rig rate and associated costs, according to Eni's proposed findings.
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