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.
In this summary, you will learn
- Why the world has a surplus of oil rigs,
- Where companies dispose of the oil rigs they no longer use, and
- Why reputational issues are becoming an increasingly important consideration when choosing a shipbreaking yard.
About the Author
Tom Lamont is a writer for the Guardian and the Observer.