Upstart Company Expedi is Re-Inventing Oilfield Servicing in North America
HOUSTON, February 22, 2018 (Newswire.com) - Just six months into product launch, a newly started company, Expedi (www.goexpedi.com), is re-inventing rig servicing for the North American oilfields. Called the Amazon meets Uber for shale drillers, Expedi has created a fully online, rapid-delivery means of supplying critical parts to keep rigs up-and-running 24/7.
CEO Tim Neal says, "The response we’re seeing from customers is truly amazing. We thought we were on to something beneficial to the industry, but to be honest, we didn’t expect the demand we are experiencing." Neal is a young veteran of the oil industry, having spent the last four years at Beijing, CN-based drilling rig manufacturer TSC, where he was head of business development and strategy.
Expedi was started 12 months ago backed by a handful of industry veterans in the oil market. Its mission is to modernize MRO services for the upstream oil and gas industry. Says one of the co-founders, "We all know the potential of the oil fields in North America, but felt they must be run more efficiently to start to achieve their full potential. Expedi is helping do just that."
The response we're seeing from customers is truly amazing. We thought we were on to something beneficial to the industry, but to be honest, we didn't expect the demand we are experiencing.
Expedi provides over 200,000 critical parts and supplies, with complete transparency on price, supplier choice and availability through their online website. Their innovative supply chain model has created a business that delivers the right part at the right time, overcoming a fundamental challenge for the industry. Staffed by experts with rig management experience and backed by innovative technology, Expedi is able to deliver an incredible service at a lower cost than traditional suppliers.
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