CLOs on the Move

Expedi is re-inventing rig servicing for the North American oilfields. Called the Amazon meets Uber for shale drillers, Expedi has created a fully on-line, rapid-delivery means of supplying critical parts to keep rigs up-and-running 24/7. 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, backed by innovative technology, Expedi is able to deliver an incredible service ...

Expedi is re-inventing rig servicing for the North American oilfields. Called the Amazon meets Uber for shale drillers, Expedi has created a fully on-line, rapid-delivery means of supplying critical parts to keep rigs up-and-running 24/7. 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, backed by innovative technology, Expedi is able to deliver an incredible service at a lower cost than traditional suppliers. Tim 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.

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