Requis Pipe Auction Brings In Highest Ever Bids for Sellers

January 8, 2021

Numbers Speak Louder Than Words

Wondering what the figures look like on our record-setting auction in the Requis marketplace? At the end of the sealed bid event on December 8th, 2020 there were 138 bids from 25 unique bidders.

The materials were spread across 24 lots and there were potential buyers taking aim on the pipe from 15 different countries—a truly global marketplace.

Enterprise Buying and Selling

Requis unlocks the value of surplus materials and equipment by giving our enterprise buyers and sellers the opportunity to exchange with each other on a global scale.

In our consumer-free marketplace, industry professionals who know what they’re looking for can find what they need more easily.

Disposition Makes an Impact on the Bottom Line—and Sustainability

We estimate that oil and gas enterprises could earn about $80B in free cash if they sold the idle assets that lie in storage yards and warehouses. This not only adds to the bottom line but makes businesses more sustainable.

Richard Martin, CEO of Requis, said, “Enterprises are discovering that Requis is more than just a supply chain solution that makes them more money—it makes our world a better place. By offering to sell both used and unused surplus equipment and materials we reduce the need for resource extraction and move industry forward.”

Martin concluded, “I’d like to congratulate Nick and the Marketplace team for their best auction yet.”

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