Your Project.
Your Terms.
Your Decision.

Reduce cost, time & risk by easily creating online oil & gas project auctions with AFEMax today.

Get in touch with us today to schedule a demo!

or Learn More
Your Project. Your Terms. Your Decision.

How does a reverse-bidding auction actually work?

AFEMax™ is an exclusive upstream oil and gas focused auction service aimed at reducing project costs to "Buyers" and increasing utilization for "Sellers". The concept behind AFEMax™ is to achieve the maximum unit cost reductions through public reverse-bidding auctions.

 

Create an Account

  • Step One
    Step One
  • Step Two
    Step Two
  • Step Three
    Step Three
  • Step Four
    Step Four
  • Step Five
    Step Five
  • Step Six
    Step Six

  • STEP ONE

    Buyer evaluates economics and sets CAPEX budget for the project.

  • STEP TWO

    Buyer completes engineering, sets technical requirements and maximum price for goods and services to meet CAPEX budget.

  • STEP THREE

    Project is posted and approved. Sellers are invited to submit proposals.

  • STEP FOUR

    Auction starts — bids are received and reviewed until auction ends.

  • STEP FIVE

    Buyer and AFEMax Consultant approve sellers and proposals accepted.

  • STEP SIX

    Project execution begins.

$0

Saved by our clients to-date

How does AFEMax
save us money?

AFEMax™ is proven to significantly reduce the cost of goods and services by having Sellers competitively bid on the work. With pricing information disclosed to all participants during an auction, repeat bids are encouraged, thereby lowering the cost of services.

Start Cutting Costs Now

Quality Vs Quantity

When pre-selected and qualified bidders compete for your project in our AFEMax Reverse-Bidding Auctions you come out ahead. You determine the timeline, criteria as well as the reserve price.

Trusted By These Fine Companies

Questions?

We're here to help you take full advantage of what AFEMax has to offer. Whether you’re a buyer or a seller we're prepared to answer any questions you have.

sales@afemax.com

Your Project. Your Terms. Your Decision.

Take control of the
bidding process today.

Get in touch with us today to schedule a demo!