Cryptic crossword clue
Oil rig sited in a good position 4,6

The most common and most likely answer to this crossword clue is the 4 plus 6 letter word WELL PLACED

I've seen this crossword clue in The Daily Telegraph
W
E
L
L
P
L
A
C
E
D

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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does WELL PLACED mean?

WELL PLACED adjective
  1. Cleverly or judiciously positioned.
  2. Having an advantageous position.

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