And the value of flexibility and reliability in mitigating risk
Chaos and uncertainty. If we had to pick just two words to define the last several days, they would be these two. What we’re experiencing today with COVID-19 and the global oil price war is new and unprecedented territory, however, this is not the first time the oil and gas industry could be defined by these two words.
Experience tells us projects will be delayed, supply chains will be disrupted, and the direction of oil prices will remain anyones best guess. But as we embark on yet another period of market uncertainty, we’re reminded of the value of flexibility and reliability in mitigating risk.
While project timelines will inevitably shuffle, large commitments to new mill material produced several months from now carry its associated risk. In the time it takes to produce new material on the mill a million things can change, including project timelines and viability.
Access to global market inventory provides several benefits:
Enables purchases can be made closer to your need date preventing inventory build ups
Provides the opportunity to react and mobilize quickly as project timelines shift
Reduces the risk and cost of project delays
The PipeSearch platform provides access to a global market inventory of cra octg valued at over $3 billion. If you are in need of any items please don't hesitate to reach out.
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The PipeSearch Platform consolidates update-to-date mill schedules, lead times, and global market inventory into the largest database of corrosion-resistant alloy tubulars in the world.
PipeFacts by PipeSearch is a multi-stage process that utilizes proprietary software to manage a sequence of QA/QC steps in the evaluation of OCTG. It is designed to bring transparency, integrity, and consistency to the evaluation of tubulars no matter the location of the pipe.
PipeFacts goes beyond standard physical inspections of material. It evaluates the specification of the original MTRs against API 5CRA or 5CT, identifies any exceptions, and sets a standard by which MTRs are reviewed and by which inspections are performed. Our PipeFacts process has been developed to give customers complete confidence in the product they are receiving.