Page 48 - Danish Offshore Industry 2020

Geemit’s online market platform for used or stocked equipment won
the Danish Next Step Challenge award for the offshore industry in
2018.

By Sune Falther

FROM WAREHOUSE

TO SHARE HOUSE

Geemit wants the offshore oil and gas industry to go

greener together. Sharing and reselling expensive

equipment is both a cheaper and more sustainable
solution

Would you rather spend money stocking equipment no He has spent many years in the offshore industry where
longer needed or free up the space and make some mon- he was involved in maintaining and handling spare parts
ey in the process? and equipment for offshore companies. The parts were
often critical to the offshore production and no produc-
When Geemit was formed in 2016, the business case was tion company in the energy sector would ever be caught
very straight forward. Redundant, perfectly functioning without backup for all its critical and essential gear.
equipment was to go from gathering dust on a shelf at a
high cost to making a profit for another company. - However, often the companies would change a proce-
dure or shut down an operation, and all the backup gear
- It was a no-brainer, really, Geemit CEO Søren Hvorslev and spare parts would go from being essential to being
says. in the way and a storage cost. Geemit saw an opportuni-

46 / FROM WAREHOUSE TO SHARE HOUSE