With global upstream investments projected to decline by 2%, according to Rystad Energy, 2025 will be the year of working smarter, not harder.
Geopolitical uncertainty is curtailing new investment in upstream and unpredictable demand and pricing keep the squeeze on operating economics.
“Overall, increased divestments, mergers and acquisitions will be the result across the energy supply chain, as suppliers position themselves for the new world order.” – Audun Martinsen, Head of Supply Chain Research, Rystad Energy
Outlook for surplus oilfield equipment sales
What needs to be top of mind for oil and gas supply chain and asset integrity leaders?
- Asset optimization will be king. Tighter margins mean every piece of equipment needs to deliver maximum value, either through use or sale, without excess storage costs.
- Supply chain bottlenecks persist, driving the need for smarter materials and inventory management.
- Efficient surplus consolidation – is key to rapidly realize the value of acquisitions and mergers.
- Sustainability remains a key consideration. More companies are adopting policies for equipment reuse on projects if what’s owned meets requirements, versus new purchases.
Given these market dynamics, maximizing return on every surface asset becomes critical.
Is your company taking advantage of surplus oilfield equipment?
Reuse of surplus oilfield equipment is an immediate-return activity that energy businesses can use to lower project costs, and avoid supply chain delays. But first companies need to get honest about existing bottlenecks.
Do you know what oil and gas materials and equipment you own, where it is, its condition and the specs to assess with confidence if it’s a fit for the next project?
Do you have the staff capacity to catalog useful surplus?
If you’re paying to warehouse and maintain surplus, could you reallocate some of that budget to get surplus into use? This is especially important to consider if acquisitions are in your plans.
Ready to optimize your capital recovery efforts in one of these areas:
- Auditing surplus you own, to understand value and create internal access to full spec listings so engineer and product teams can put key assets to reuse
- Readying select used equipment for sales – getting guidance on fair market value, demand, what to prioritize for sale
- Equipment sale management – from inspection and assessment, through to marketing, shortlisting potential buyers and coordinating purchase logistics and payment
IronHub helps companies capture inventory of owned equipment to support reuse or sale.
Why consider a partner to help manage inventory and sell used oil and gas equipment?
IronHub provides the industry’s most trusted internal materials management system for engineers and project teams to search for, assess and redeploy equipment. If you have surplus it makes no sense to store, we offer turnkey sales support and multiple marketplace reach to quickly find buyers.
Consider what our customers say:
“Working with IronHub has made our surplus and idle equipment visible internally and externally. It’s given us more exposure and has improved working relationships with our peers, so we can easily reuse and share our surplus equipment.”- Asset Recovery & Logistics Manager
“IronHub helped us get a handle on what we own, build out our listings, and got us in touch with a bigger market. Before I started we had $30M+ of equipment sitting idle. Now – we don’t have a lot of surplus. IronHub’s a great tool to push listings of surplus available out to teams for internal reuse, and for selling.” – Senior Supply Chain Advisor
We can show the value of our service in one area in as few as 90 days. Get in touch with our team at sales@theironhub.com
