Surplus OCTG (casing and tubing) inventory ties up capital, incurs storage and maintenance fees and depreciates in value over time (some steel grades far more rapidly than others).

OCTG SURPLUS MANAGEMENT is a consultancy enabling oil & gas and geothermal operators to value, market and re-monetise their surplus OCTG assets. Our team members each have years of experience of OCTG manufacturing, of involvement in the OCTG supply chain or of OCTG consumption.

We offer a customized service, worldwide, assisting owners in the following ways:

• accurate valuation - e.g. comparison of book value v actual market value (dependent upon specification, quantity, condition, age, origin, location)

• marketing - including region-specific and product-specific advice

• facilitation of sale (or barter with other owners, where that is an option) - e.g. negotiation of price, payment term and delivery term

• inspection advice - including Third Party Inspector (TPI) selection & recommended scope of inspection

• repair/refurbishment/storage advice

• shipping advice - recommendation of specialist freight forwarders

WHY WORK WITH US?

• We provide independent, specialised technical and commercial advice

• We secure the maximum return for owners by using our deep market knowledge, our extensive contacts and by charging low fees (typically payable only upon success)

• We market available surplus only to other end users and to reputable traders known or likely to have short-term demand for your specific items, rather than marketing to dealers with only a speculative interest or to non-specialist auction sites who do not target such prime potential buyers (and yet charge higher fees)

• We assist buyers and sellers to reduce carbon emissions and meet their ESG goals through the efficient use of existing OCTG, rather than new production

THERE IS NO FEE FOR AN INITIAL ASSESSMENT OF YOUR REQUIREMENTS.

Please use the form below to contact us regarding your specific needs.

If relevant please include details of the location, quantity, size, weight/ wall thickness, grade, thread/connection of your surplus, and any comment regarding its condition/traceability.

The most suitable member of our team (by region or by product) will then contact you ASAP.

You may also email us at: octg@surplus.management

We primarily advise regarding prime, unused & certified OCTG, however we can also assist with the disposal of used, damaged and/or uncertified materials, along with associated drilling accessories and other types of steel pipe.

We look forward to hearing from you.