Ebuzznet

Web Design and Blogging

  • HOME
  • SEO
  • TECH
    • ANDROID
  • BLOGGING
    • DEALS
    • REVIEWS
    • MAKE MONEY
  • WEB DESIGN
    • WORDPRESS
    • THEME
  • SOCIAL
    • FACEBOOK
    • TWITTER
    • LINKEDIN
  • BUSINESS
  • CONTACT

Uncovering The Greatest Challenges Of The Oil Industry

Home > Small Business > Uncovering The Greatest Challenges Of The Oil Industry

https://www.flickr.com/photos/neilarmstrong2/5097908483Flickr Picture

Despite leaps forward in technology and energy resources, as a society, we are still reliant on oil. That’s why every day of the year, there are workers out across the ocean, on rigs, getting the oil that we need. It’s a high paying job, particularly if you have the money to set up your own oil rig. You’ll certainly need a lot of it too, at least a few million. But even the workers are quite well paid in the oil industry. They should be, because their job isn’t exactly easy. Let’s look at some of the greatest challenges that this particular industry will present to a new business owner.

The Cost

It should come as no surprise that the cost of setting up, managing and running a rig is massive. That’s mainly because it requires massive pieces of equipment including hydraulic mechanisms. You then need to hire a huge number of skilled workers who will man and maintain the rig while you drill deeper down to get the precious material. It’s an estimated cost of six hundred million to set up an oil rig in the ocean. Most people don’t have that lying around. You would be better off waiting for an oil merchant to sell their rig and buying it off them. Even then, you’ll still be looking at spending an obscene amount of money.

Finding The Oil

If you’re fresh out of college with a degree in geography, you might have heard quite a lot of jokes about what you can do with this particular level of education. Well, it turns out quite a lot, and you’ll be making a fair bit of money from it as well. Oil companies are keen to hire skilled geographers who know their around a map and how to find new oil locations in the ocean and on land. Of course, you will have to have skills in chemistry as well, but these individuals are becoming more important for rig owners. They need to know where to drill and how far down to go.

Accidents And Dangers

There are plenty of dangers and accidents that you’ll need to prepare for when you are running an oil rig. A problem with the hydraulic equipment on the rig could easily cause an accident that could be fatal to your workers. That’s why you need to know a quick and effective, hose repair service that you can use. They’ll fix your hydraulic equipment for you, or provide you with the equipment that you need so that you can do it safely yourself.

A Lonely Life

Of course, perhaps the biggest challenge for rig managers is the isolation. Sure, you’ll be on a rig with hundreds of workers. But you’ll be away from family and the shore for long periods throughout the year. There is the benefit of long holidays when you come home, but it doesn’t quite make up for it.

Aside from that, it may not be the right time to start looking to invest in the oil industry. While experts are constantly finding new oil deposits, the fossil fuel is still running out. This is the greatest challenge facing oil workers today.

Filed Under: Small Business Tagged With: Oil

About the Author

Tech and Small Business Blogger

How to Update TomTom Map


Update TomTom Map for Free

How To Successfully Run A Hospital

Mobile Social Media Marketing Tips For Small Business

Even Smaller Businesses Need Online Marketing

Why Your Business Needs A .com Extension

Top 5 Project Management Myths BUSTED

How to Diagnose Sudden Drops in Website Search Engine Traffic?

Proper Planning And Finance Management Can Help Your Business

The Best Career Options For Ex-Business Owners

Top 3 Website Builders for 2013

Webydo – The Ultimate Destination for Professional Website Designers

Top 10 Google SEO Tips For 2013

Five Common Website Building Mistakes to Avoid

10 Great Ways to Raise your Instagram Game in 2017

How Data Loss Can Affect SMEs

Steady Inflow Of Cash Can Reduce Business Debt

Why Cybersecurity is More Important Than Ever in 2020

Easy Ways To Save Time And Resources Every Day In Business

HOT – The HTC One – The Specifications And What Is Hot On It

7 Simple Steps To Make Your Factory More Efficient

The Best Business Laptops for 2018

Top Reasons Why You Should Avail of External Meeting Rooms

How to Choose the Right Server Hosting Services?

GetResponse Vs Aweber: Which is the Best Tool for Promotion & Branding

Gail-Indian Speedstar – An Initiative to Strengthen the Sport of Athletics

5 Things Every Blogger Should Know

Manufacturing Problems Your Business Could Be Facing

Top Rated Apps to Boost Your Small Business

Why Attending A Concert Is The Perfect Date Night

4 Ways To Grow Your Affiliate Marketing Business

Making Your Business Look Like A Success

Recipe Manager App for iOS Devices

Recipe Manager App for iOS Devices/

Ebuzznet, All Rights Reserved Web Design and Blogging | Free Blog Setup | Write for Ebuzznet | About Us | Contact Us | Privacy Policy | Disclaimer