Oil bet gone wrong: rusting tankers and rigs clog up Asian waters

The 340-metre (1,115 ft) "FPSO Opportunity", a hulking so-called Floating Production, Storage and Offloading (FPSO) vessel capable of drilling for oil in deep waters, is currently surplus to requirements along with scores of other rigs, tankers and support vessels in an era of cheap oil. Matti Bargfried, head of marketing at maritime software company CODie, said a lay-up time of several years could make re-commissioning lengthy and costly.