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Nearly 1,500 Tons of Drilling Material from the U.S. Up for Public Auction

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March 12, 2023
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Home Online Auction platforms for mining Sector

Nearly 1,500 Tons of Drilling Material from the U.S. Up for Public Auction

Unused surplus from more than 700 units of pipes, casing and auxiliary material from the Houston facility of a global integrated multi-energy company. March 17, deadline to receive bids.

by African Mining Brief
March 12, 2023
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Nearly 1,500 Tons of Drilling Material from the U.S. Up for Public Auction
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Surus Inversa, through its specialized digital platform Escrapalia, has launched a public auction of 1,490 tons of pipes, casings and auxiliary material. This is surplus drilling material, which has not been used, from the Houston facilities of a Spanish global multi-energy company.

The auction, digitally available at international level, is divided into three lots of 1,000, 410 and 80 tons, each from a different source warehouse. In total, there are more than 700 components, including pipes, casings and auxiliary material. The material is mainly made of API standard steel with specifications X60, X52/50, X80, X70, Q-125, P110 and TN-125.

The sale is organized through direct bidding with potential interested parties, who will be sent a detailed dossier for analysis and are offered a visit to the warehouses, after which they can submit their bids for the material by contacting Escrapalia or through the website itself.

Read: Creating Intelligence in Oil and Gas

After the bids are submitted, the owning company will decide to whom the lots will be awarded. Afterwards, the buyer will be able to pick up the material at each of the three warehouses located in Houston, from where it will be loaded onto the buyer’s means of transport, who will assume the logistics costs of loading and transportation.

The deadline for bids is March 17, and any companies, investors and individuals are welcome to participate. In particular, this auction will spark the interest of companies involved in the extractive industry of different resources such as minerals, gases or oil; as well as other companies in related fields, who can use the unused material to carry out drilling operations. All they have to do is register for free on Escrapalia, the leading auction platform in Spain with more than 200,000 registered potential buyers.

This is not the first time that Surus has managed a sale of this type of material from the U.S.: 200 tons of similar material were sold already in 2019.

***

Surus Inversa, through its specialized digital platform Escrapalia, auctioned last year a total of 18,000 lots with more than 120,000 bids, from investors, companies and individuals from all over Spain, and from more than 27 countries. The company, with 100% Spanish capital and based in Pozuelo de Alarcón (Madrid), actively contributes to sustainability and the circular and local economy by providing access to goods that would otherwise be very costly to acquire.

During the more than 12 years that Surus has been operating, 98% of the assets auctioned have found a second opportunity through the circular economy thanks to companies, individuals and investors who acquired them at a lower price than the market price, generating more than 400 million euros through their reemployment.

More information about the auction in this link.

***

Surus

Surus Inversa S.L (www.surusin.com), based in Pozuelo de Alarcón (Madrid), was created in 2010 to lead the circular economy and related dismantling projects in Spain. It has more than 40 employees, and had a turnover of more than 10 million € in 2022, across national and international projects. Through all the years in which Surus has been operating, 98% of the managed assets have found a second opportunity through the circular economy thanks to companies, individuals and investors, generating more than 400 million euros through their reemployment. In addition, through this activity, Surus contributes to energy saving, carbon footprint reduction and water footprint avoidance.

Escrapalia:

The auction platform www.escrapalia.com, based in Pozuelo de Alarcón (Madrid), was founded in 2012 by Surus. Since then, it has managed the auction of more than 100,000 sold lots, in which more than 200,000 national and international users have participated. Escrapalia vision is cemented in four key points: providing a second life or a second opportunity to assets; sustainability, boosting circular economy and promoting the local economy thanks to the access to goods that would otherwise be very costly.

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