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Liquidity Services to Conduct Online Auction for Surplus Pipe and Drilling Assets

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Going once, going twice — sold! Liquidity Services Inc., a global solutions provider in the reverse supply chain with leading online marketplaces for surplus assets, is conducting an online auction on behalf of Murphy Oil Corp. The auction will sell pipe and drilling equipment no longer needed in Murphy’s daily operations at its Pointe Noire location in the Republic of Congo. Interested buyers will have the opportunity to bid on more than 100 assets, consisting of subsea wellhead, completions, casing and tubing, drilling, pipe and shop equipment via Liquidity Services’ online marketplace www.NetworkIntl.com

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“This sale presents a compelling opportunity for commercial buyers looking to leverage the secondary marketplace to purchase a diverse assortment of drilling equipment and pipe from a globally recognized organization,” said Tom Burton, president of Liquidity Services capital assets group. “We are pleased to offer Murphy Oil a transparent asset disposition process for its surplus equipment via our proprietary technology and proven sales methods.  As always, top priority remains on consistently meeting our clients’ goals of maximized investment recovery and superior client service.”

Bidding for the items opens Tuesday, Jan. 21 at 9 a.m. Eastern time. For more details and to sign up for the event, visit www.networkintl.com/MurphyOil-Congo.

Below is a partial list of items that will be available for sale:

  • Completions equipment
  • Drilling equipment and drill pipe
  • Industrial equipment and shop equipment
  • Line pipe
  • Marine equipment
  • Oil country Tubular Goods (casing and tubing)
  • Process and production equipment
  • Subsea wellhead and equipment

Liquidity Services’ online marketplace allows professional buyers to source surplus energy equipment in the oil and gas, petrochemical, power/utilities and mining industries from any location around the globe, including seven of the top 10 oil and gas companies. Bidders can evaluate available equipment from an online platform and then purchase assets via the regularly scheduled industry marketplace auctions. The Network International marketplace provides buyers a safe, easy and secure purchasing experience, which includes buyer support services, logistics and multiple payment methods. 

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