Innovation Stories
The Power of Digital Procurement: The Olefin Furnace Tube Case Study
Recovering the maximum wealth from used alloy-based olefin furnace tubes created hurdles. In this case study, the seller engaged Requis’ innovative technologies and knowledgeable, result-focused professionals to execute an online sale and achieve financial KPI goals. The seller needed a unique solution to liquidate over 143 metric tons (MT) of used specialty olefin furnace tubes…
Platinum Recovery Success Story: Requis Expedites Sale of Reformer Catalyst
With great wealth at risk, critical management of the recovered precious metals was a significant problem and a high priority as the sale occurred over two continents. Brunei Shell Petroleum required a sustainable solution to maximize ROI and platinum (Pt) recovery from spent reforming catalyst―a hazardous waste. Requis developed an online, single-source platform to manage…
Surplus OCTG Sealed Bid Success Story
This transaction yielded maximum results by going global instead of local for an OCTG and equipment sealed bid. The seller needed a different solution to urgently dispose of approximately 3,000 metric tons of OCTG that lacked certificates while dealing with COVID-19 travel restrictions. To meet this seller’s internal requirements—accelerated transaction, regulatory compliance, and high ROI—the…
Circularity Case Study: An Auction that Enhanced Circular Economy
A recent auction in Oman increased revenue for its client while promoting economic growth and new circular activities. Requis partnered with Worley and Arabian Industries to properly manage scrap and surplus assets for a major operator for an online auction. With the transaction taking place in Muscat, Oman, Requis tapped into its local resources and…
Multiple Competitive Offers Increases ROI for EPV Client
Requis team taps into its global network to increase the original bid of an early production vessel by more than 40 percent. During the height of the pandemic, a tier-one operator took possession of an undeployable early production vessel (EPV) that required a quick divestment. Requis stepped in and tapped into its global network of…
Operator-to-Operator Success Story: A Pipe Transaction Case Study
Maximum ROI for a Tier-One Operator’s Pipe Transaction. This transaction yielded maximum results for a tier-one midstream operator. To meet this sellers’ internal requirements—accelerated transaction, regulatory compliance, and high ROI—the Requis disposition team needed to rally to find the right buyer. “Not only was the transaction seamless, but we provided the framework to allow inspection,…
Strategic Supplier Identification Process
A global engineering, construction, and procurement (EPC) firm used Requis to solicit bids from three suppliers for thousands of service line items. Results included: Five-week reduction in the procurement cycle. 100 person-hours saved. Ongoing cost savings from reduced small tools, consumables, and master rental agreement (MRA) spend.
Faster RFQs for Worley Procurement
Worley is one of the world’s premiere engineering project management and consulting firms, serving the energy, chemicals, and resources sectors with both EPC and EPCM models. When Worley moved its procurement activities to the Requis platform, their procurement teams noticed the time savings within two months. Results: 81% savings on time needed to create major…
Worley: Faster Procurement for a Tight Gas Project in Oman
Worley was engaged to consult on procurement for phase two of an onshore tight gas drilling project in Oman. This would be a complex and technically challenging project: the gas is located over five kilometers below ground, under layers of extremely dense, hard rock. Highly specialized equipment would be needed for drilling and extraction. Results:…
Qatar Energy Assets Auction
In summer 2019, a tier 1 oil and gas company in Qatar held a highly successful and unique asset auction on the Requis platform. Highlights: Yielded hundreds of thousands of USDs in volume Blended off and online participation First successful auction of this kind in Qatar Introduced “Overtime” – the Requis anti-bid sniping feature for…
Sourcing Hard-to-Find Assets
Requis has a massive database of assets on offer, many of which you’ll find nowhere else. We’ve often been called on to help buyers find assets they desperately need – sometimes even on short notice.
Warehouse Closings and Consolidations
Most oil and gas companies pay hundreds of thousands of dollars to store and maintain equipment every year. Requis can help with keeping warehousing costs in check – while providing an attractive cost recovery percentage as well.
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