WASHINGTON, Jan. 20, 2014 /PRNewswire/ -- Liquidity Services, Inc. (NASDAQ: LQDT), a global solutions provider in the reverse supply chain with leading online marketplaces for surplus assets, is conducting an online auction on behalf of Murphy Oil Corporation. The auction will sell pipe and drilling equipment no longer needed in Murphy's daily operations at its Pointe Noire location in the Republic of Congo. Interested buyers will have the opportunity to bid on over 100 assets which consist of: Subsea Wellhead, Completions, Casing and Tubing, Drilling, Pipe and Shop equipment via Liquidity Services' online marketplace www.NetworkIntl.com.
"This sale presents a compelling opportunity for commercial buyers looking to leverage the secondary marketplace to purchase a diverse assortment of drilling equipment and pipe from a globally recognized organization," said Tom Burton, President of Liquidity Services Capital Assets Group. "We are pleased to offer Murphy Oil a transparent asset disposition process for its surplus equipment via our proprietary technology and proven sales methods. As always, top priority remains on consistently meeting our clients' goals of maximized investment recovery and superior client service."
Bidding for the items opens Tuesday, January 21 at 9am ET; for more details and to sign up for the event, please visit: http://www.networkintl.com/MurphyOil-Congo
Below is a partial list of items that will be available for sale:
- Completions Equipment
- Drilling Equipment & Drill Pipe
- Industrial Equipment & Shop Equipment
- Line Pipe
- Marine Equipment
- Oil Country Tubular Goods (Casing & Tubing)
- Process & Production Equipment
- Subsea Wellhead & Equipment