That’s an oil rig and a vacation spot. An odd combination, but it could become a reality. One U.S. design firm wants to reclaim and oil platforms in Gulf of Mexico and convert into luxurious self-sustaining eco-resorts and spas.

The retooled rig is powered by its own renewable energy, including solar panels, wind turbine and wave energy generators and the resort will provide guest with all modern amenities and luxury activities, like diving, boating, snorkeling and other water sports. Neato!

It’s the idea of Houston-based architecture and design firm Morris Architects and recently won the grand prize at the 2008 Radical Innovation in Hospitality design competition.

Via Inhabitat.