Page 49 - Danish Offshore Industry 2020

ty to change that and make a once-valued asset valuable quality is the same. The price, however, is considerably
again, Søren Hvorslev says. lower, he says.
SAME QUALITY LOW-HANGING FRUIT
Geemit offers a marketspace for redundant equipment. Geemit sells equipment at 10–50 percent of the original
Geemit’s motto is to go from warehouse to share house price. Often this is brand-new equipment which has
with Geemit’s unique platform for sharing and buying never been used.
equipment:
- I wish companies would look at this equipment the way
- Initially, we identified three areas of improvement for we look at clothes. Vintage and retro is now a thing, and
the Geemit Marketspace to increase its potential: We the sustainability that goes with it makes a difference.
needed to visualise the items clearly; we needed certifi- We could do the same in offshore, Søren Hvorslev says.
cates, documentation and proof of origin; and we need-
ed to make the marketspace compatible with companies’ Geemit’s Marketplace is active in the North Sea, with
ERP-systems, Søren Hvorslev says. the operators in the Netherlands and Denmark being
very positive to the concept and operators in the UK and
- We have achieved this. Now the only barrier left is Norway, so far, being less keen but slowly warming to
the companies themselves! They feel fine about selling the idea:
the items; one supplier had more than DKK 100 million
worth of equipment which was made redundant. But - We are getting more companies onboard. Once the
buying redundant equipment is a different matter, Søren companies get used to seeing an opportunity in turning
Hvorslev says: passive stock into active income, dealing with surplus
equipment will surely be in higher demand, Søren
- There is a conservatism in the offshore industry. You Hvorslev says:
have the same, approved suppliers, the same standards
and the same tracking and certificates, and we under- - Add to that the possible benefit of working towards
stand why: you do not want to use damaged or outdated the UN Goal 12 regarding ‘Responsible production and
goods. But an item from Haliburton or Baker Hughes is consumption’, this is really one of the low-hanging fruits
no less of a quality product if it has been stocked with for the offshore industry, he says. n
us rather than with the original supplier. Its state and

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47 / FROM WAREHOUSE TO SHARE HOUSE