If I purchase an oil rig, am I allowed to drill offshore and collect the oil for free as do oil companies?

lots of permits and red tape to go thru - you have $5million just for the oil rig?





the oil companies don;t drill for freeIf I purchase an oil rig, am I allowed to drill offshore and collect the oil for free as do oil companies?
you must meet all the environment regulations, have insurance or the ability to clean up any spills, have the countries permission to drill (more requirements), hire experienced rig operators ( more money) have transport ships ( more money) set up agreements with refineries ( more regulation). if you have the money, a legal department, and all the contacts needed. sure go for it.