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Grays Oil&Gas – Pioneering progress for oil and gas asset recovery

11 Oct, 2023



Grays, a prominent force in the asset remarketing and auction industry has recently unveiled its latest venture, Grays Oil&Gas. This innovative business division aims to transform asset divestment and disposal solutions within the energy sector by introducing a range of services that prioritise efficient asset management, environmental sustainability, circularity, and maximum asset realisation.

With a strong emphasis on delivering maximum recovery values for all assets, Grays Oil&Gas integrates leading-edge technology, a team of skilled industry professionals, and a commitment to safety and environmental solutions.

A LEGACY OF TRUST, INNOVATION AND SERVICE
Grays has built its legacy on trust, innovation and dedication to client service. Grays Oil&Gas embodies these values and goes a step further, championing circularity and fostering collaboration within the energy sector. The division’s primary goal is to optimise asset management, leverage technological advancements and address industry demands through strategic solutions for surplus and decommissioned assets. By offering a comprehensive suite of industry leading end-to-end asset recovery solutions, Grays Oil&Gas also enables substantial cost reductions by driving operational efficiencies.

SUSTAINABLE SOLUTIONS FOR A RESPONSIBLE FUTURE
Grays Oil&Gas is committed to a sustainability-focused and circularity solution that aligns with its industry expertise. The company’s mission extends beyond asset divestment and disposal; it aims to drive positive change and advancements that shape the future of asset recovery. By integrating environmentally sustainable practices into their operations, Grays Oil&Gas ensures that their services contribute to a responsible and environmentally focused energy sector.

MAXIMISING ASSET RECOVERY VALUE
One of the core objectives of Grays Oil&Gas is to help clients maximise the recovery value of their assets. Through optimised asset management, the division enables clients to achieve substantial cost reductions by ensuring efficient utilisation of resources. By utilising technology and the expertise of their skilled industry professionals, Grays Oil&Gas is able to identify opportunities for asset recovery through reuse, repurposing and recycling pathways, providing tailored solutions that align with each client’s unique needs.

A COMPREHENSIVE APPROACH
Grays Oil&Gas offers a comprehensive approach to asset recovery, going beyond being a disposal service provider or auction house. The division acts as a catalyst for collaboration and industry synergies, focusing on navigating industry challenges associated with asset disposal. By adopting a holistic perspective, Grays Oil&Gas leads as a true single-source service provider for asset divestment and disposal, offering an industry leading, end-to-end asset recovery solution. By streamlining the asset recovery process, Grays Oil&Gas enables clients to maximise their returns and minimise the time and effort required for asset divestment and disposal, offering wide array of services across the entire value chain, including:

• Asset inspection, advisory, valuation and appraisal.
• Transport and logistics.
• Secure storage with full coverage from major facilities across Australia including over 38 additional smaller sites and regional depots and global capabilities.
• Asset maintenance, repair, preservation, and asset decommissioning services.
• Asset realisation strategies, feasibility assessments, remarketing programs with multiple methods of sale including Auction, EOI/Tender, and Private Treaty.
• Established divestment and disposal pathways for reuse, repurposing, and recycling with environmental reporting on circularity and decommissioning outcomes.
• Global network and marketing channels, accessing over 7 million buyers in 21 countries.
• Buyer compliance and risk mitigation, including sanctioned party and buyer screening.
• Full asset traceability including accurate recording of client’s disposal approval codes from asset collection to final sale.
• Comprehensive and detailed financial reporting.

LEVERAGING TECHNOLOGICAL ADVANCEMENTS
Technological advancements play a crucial role in the operations of Grays Oil&Gas. The division leverages technology to enhance asset management processes, improve transparency and deliver accurate asset tracking. By harnessing the power of data analytics and innovative digital platforms, Grays Oil&Gas ensures that their clients have access to real-time insights and a streamlined asset recovery system.

SAFETY AND ENVIRONMENTAL SOLUTIONS
Safety and environmental considerations are at the forefront of Grays Oil&Gas operations. The division prioritises the implementation of robust safety measures to protect both their employees and the environment. By adhering to stringent safety protocols and environmental regulations, Grays Oil&Gas ensures that their asset recovery processes are conducted responsibly and sustainably.

INDUSTRY COLLABORATION AND SYNERGIES
Grays Oil & Gas recognises the importance of collaboration and industry synergies in driving progress. The division actively fosters partnerships with key stakeholders in the energy sector to exchange knowledge, share best practices and collectively address industry challenges. By working together, Grays Oil&Gas aims to shape the future of asset recovery and contribute to the overall progress of the energy sector.

In the ever-evolving energy sector, Grays Oil&Gas is set to transform the landscape of asset divestment and disposal solutions within the oil and gas industry.

For more information contact, Stephen Amy – Head of Sales, stephen.amy@grays.com.au

 

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