Global-X-Change was conceived out of the idea to connect the upstream oil & gas companies and provide them with an online platform enabling them either to offer or to search for (“exchange”) those oil & gas facilities that are no longer needed and that will be decommissioned in the foreseeable future. Although a global approach was taken, the business concern was that the available market size might not be big enough to commercially develop and sustain the online platform.

It was at that stage where it was sought to maximise the approachable market size by offering the online platform to the entire supply chain of high value assets and services in the oil & gas industry and the renewable energy sector: from concession areas marketed and offered by Governments; from farm-in & farm-out opportunities; the original “exchange” of facilities; and the offering of seismic, drilling, transportation and installation services, etc.

That is what you can experience at today!