ATWOOD TURNKEY DRILLING v. PETROLEO BRASILEIRO

No. 88-2302.

875 F.2d 1174 (1989)

ATWOOD TURNKEY DRILLING, INC., et al, Plaintiffs-Appellees, v. PETROLEO BRASILEIRO, S.A., Defendant-Appellant, v. INTERNATIONAL UNDERWATER CONTRACTORS, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

June 27, 1989.


Attorney(s) appearing for the Case

Paul S. Aufrichtig, New York City, William H. Seele, James M. Davin, Houston, Tex., for defendant-appellant.

Andrew S. Hanen, John E. Spalding, Houston, Tex., for Atwood.

Craig M. Kaiser, Houston, Tex., for Intern. Underwater.

Before GEE, HIGGINBOTHAM and DUHE, Circuit Judges.


DUHE, Circuit Judge:

In this breach of contract case the national oil company of Brazil, Petroleo Brasileiro, S.A. (Petrobras), seeks interlocutory review of a preliminary injunction granted by the district court. We affirm.

FACTS

Petrobras contracted with an American company, Atwood Turnkey Drilling, Inc., et al, (Atwood), for the drilling of oil wells off the coast of Brazil. As security for the sums due Atwood under the contract, Petrobras furnished...

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