Independent Oil Tools

Oil, Gas, and Mining • Stavanger/Sandnes, Rogaland, Norway • 11-20 Employees

Company overview

Headquarters	30Midtgårdveien, Stavanger, Rogaland 4033, NO
Website	iotgroup.com
NAICS	211
Founded	1992
Employees	11-20

Key Contact at Independent Oil Tools

Sven Olav Borgen

Managing Director

Independent Oil Tools Email Formats

Independent Oil Tools uses 3 email formats. The most common is {first name}.{last name} (e.g., john.doe@iotgroup.com), used 78.6% of the time.

Format	Example	Percentage
{first name}.{last name}	john.doe@iotgroup.com	78.6%
{2char}	{2char}@iotgroup.com	14.3%
{first initial}.{last name}	j.doe@iotgroup.com	7.1%

About Independent Oil Tools

WE ARE KNOWN FOR BETTER SERVICE & FASTER DELIVERY Independent Oil Tools AS started out back in 1992 in Norway. Today, the organization has grown into what is known as the IOT Group which is an international service organization within the oil & gas industry, with worldwide locations in the most important oil & gas logistics hubs. With products & services ranging from fishing tools to drilling equipment, IOT Group is capable of serving our customers all over the world from our operational centers. With state-of-the-art equipment we are always ahead of development. Service is our first priority, and we will continue to surprise our customers by quick turnarounds and deliveries. IOT GROUP HAS A WIDE RANGE OF DRILLING TOOLS THAT MEET THE HIGHEST QUALITY STANDARDS. Our services include rental of drilling tubulars, well-test strings and related accessories, pressure control equipment and various downhole drilling tools. IOT Group also performs Tubular Running Services for onshore and offshore operations, as well as onshore Make & Brake Services. IOT Norway is NS-EN ISO 9001 certified since August 1998. IOT Norway is ISO 14001 certified since July 2021. OUR PRODUCTS Drillpipe / HWDP / Drillcollars Tubing for Well Testing Handling Joints & X-over Subs Valves & Handling Tools Downhole Drilling Tools Pressure Control Equipment SERVICES IOT Group has a long record of accomplishments within the following services Casing & Tubing Running Services Make & Brake Services INDEPENDENT OIL TOOLS GROUP'S GLOBAL SUBSIDIARIES INCLUDE: IOT, Norway IOT (Dosco), Netherlands Premium Casing Services, Australia Premium Casing Services, New Zealand IOT, Romania IOT, United Arab Emirates IOT, Malaysia IOT, South Africa IOT, Ghana IOT, Singapore IOT, Iraq

Independent Oil Tools revenue & valuation

Annual revenue	$1,625,545
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Oil, Gas, and Mining industry and current estimated revenues	$5,300,000
Total funding	No funding

Employees by Management Level

Total employees: 11-20

Seniority

Employees

Manager

Entry

C-Suite

Employees by Department

Independent Oil Tools has 10 employees across 5 departments.

Departments

Number of employees

Funding Data

Independent Oil Tools has never raised funding before.

Frequently asked questions

Independent Oil Tools is located in Stavanger/Sandnes, Rogaland, NO.

Independent Oil Tools was founded in 1992, making it 34 years old. The company has established itself as a significant player in its industry over this time.

Independent Oil Tools has approximately 11-20 employees. The company continues to grow its workforce to support its business operations and expansion.

Key Contact at Independent Oil Tools

Sven Olav Borgen

Managing Director

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