EQUIPMENT PURCHASING CASE STUDY
EQUIPMENT BUYOUT FOR LARGE OIL & GAS COMPANY
Project Description
Our client is a North American energy company that specializes in oil extraction from tar sands. More recently, the company has invested in renewable energy sources, such as wind power, solar energy and biofuel.
After upgrading their fleet, the company had more than 30 truckloads of surplus and idle maintenance, repair and overhaul (MRO) equipment and parts. To avoid production downtime, our client stocked a significant amount of maintenance, repair and overhaul (MRO) equipment and parts. After upgrading their generating assets, more than 47,000 pieces of equipment and equipment became obsolete or incompatible.
- Became eligible for more than $8.8 MIL worth of tax deductions
- Removed 47,000 pieces of equipment from their inventory
- Avoided costly equipment disposal fees
- Maintained their ongoing sustainability efforts
Plan and Details
| Project Type | Equipment Purchasing |
| Industry | Oil & Gas |
We offered our client a multi-faceted asset recovery solution focusing on maximizing their return on assets while providing a streamlined process for managing and storing their surplus equipment.
Overall Progress
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