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Where Oil Rigs Go to Die

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Where Oil Rigs Go to Die

When a drilling platform is scheduled for destruction, it must go on a thousand-mile final journey to the breaker’s yard. As one rig proved when it crashed on to the rocks of a remote Scottish island, this is always a risky business

The Guardian,

5 min read
5 take-aways
Audio & text

What's inside?

Disposing of oil rigs is risky business.

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Editorial Rating

7

Qualities

  • Eye Opening
  • Background

Recommendation

When oil rigs are no longer in service, their owners must take them somewhere for disassembly. According to Guardian reporter Tom Lamont, disposing of the world’s excess oil rigs is a highly complex and risky undertaking. For his in-depth investigative report, Lamont followed the adventurous journey of Transocean Ltd’s oil rig, the Transocean Winner, from the North Sea to its final destination in Turkey. getAbstract recommends Lamont’s informative essay to business leaders in the oil exploration and shipping industries. 

Summary

The sharp decline in global oil prices has led to an oversupply in oil rigs. In 2015 alone, oil rig owners decommissioned more than 40 rigs. While it costs money to “cold-stack” – that is, anchor and maintain – a rig, selling it for scrap generates at least some income. Transocean Ltd.’s 17,000–metric ton rig, the Transocean Winner, caught headlines when it ran into a storm and stranded off the rocky coast of the Isle of Lewis in Scotland. In an expensive salvage operation, the Dutch firm SMIT repaired the ailing rig and lifted it onto a heavy-lifting ship. The Hawk then transported...

About the Author

Tom Lamont is a writer for the Guardian and the Observer.


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