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Gold/Mining/Energy : Weatherford International (WFT)

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To: Douglas V. Fant who wrote (86)3/7/1999 10:55:00 AM
From: diana g  Read Replies (3) of 142
 
Re: Winfield Suit

Hi Douglas,
The folks over on the Winfield thread tell me that while no formal acknowledgement of fault has been made by WFT, their actions imply they are accepting at least some degree of responsibility ---
Message 8181624
<<<... I don't think it has ben printed in any NR, that WFT has out right stated the stem was faulty...

It has been inferred, that because WFT and or their Insurance Co. have been paying the daily standby fees for the Nabors drill while this fiasco gets resolved, they are assuming responsibility for the supply of the faulty drill stem...

Sources from various IR firms have indicated that the stem may have been weakend from a previous job that was contaminated with H2s gas...

So far, all us peons have, is conjecture, rumour and nothing in black and white, other than what's just been reported by the jv partners...

In any case, there is definitely a problem with the way the stem was breaking off in small chunks as they were fishing for it be it metal fatigue or whatever and someone is responsible for the supply of it...
...ed
>>>>
-----------------------------------
Douglas, do you have any experience with this sort of situation?
--Would you know how responsibility is generally determined?
--Do you agree that if WFT or their Insurance Company are paying standby fees it implies acceptance by WFT of a degree of responsibility, or might this have another explanation?
--Other thoughts?

Your expertise greatly appreciated!
regards,
diana
<<<Off Topic>>> --- Doesn't 'Acadiana' mean 'the grove of Diana' in Greek? <G>


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