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Right. So there's a risk to building the platform. If the company solely had to foot the bill for any cleanup, it could make a calculation of risk factoring in
by Arn_Thor 7y ago
Right. So there's a risk to building the platform. If the company solely had to foot the bill for any cleanup, it could make a calculation of risk factoring in potential profits, the risk of a bad event and the cost of protecting against such an event.
But they don't have to do that. They can take the rig profits, install the minimum protections under the law and know they won't have to carry the full cost of cleanup.