Procurement services specialist, Craig International, has recently launched a âwin-winâ platform to help oil and gas companies off-load surplus stock worth billions of dollars and buy products and equipment they need at competitive prices. Craig Collaboration connects companies looking to sell stock with those looking to buy. Oil and gas companies around the world have billions of pounds of surplus stock, much of it sitting in costly storage and Craig Collaboration will allow them to realize value from this.
Craig Collaboration represents a major investment by Craig International in an immediate, collaborative solution towards increasing efficiency. It is already gathering momentum with several major exploration and production companies expected to start using it following the recent launch.
Steve McHardy, joint managing director of Craig International, said: âWith the oil price set to be lower for longer, the industry requires immediate action towards achieving enhanced efficiency and cost control. We have developed a platform which the whole industry can use to buy and sell stock. Using our bespoke electronic tools, our network of buyers and our global experience, Craig Collaboration will, at no cost to industry, ensure that their products are offered to buyers looking to purchase them.â? Craig Collaboration will also provide an analysis of the interest expressed on their surplus equipment, allowing clients to make an informed decision on disposal or not.