Independent Oil Tools invests seven figure sum

Published

3rd June 2019

After taking over the facility just over two years ago from the previous owners, IOT UK part of the Global Company have seen steady growth in the machine shop and manufacturing side of the business and with recent contract awards and new business coming in globally, we believe that the time is right to invest in the facility which is why we have made the decision to purchase three additional high spec machines with a cost that runs into seven figures.

These machines will allow us to meet our client requirements now and in the future and will provide a broader scope of manufacturing which will also allow the facility to develop in line with our future expansion plans and give us the capacity to take on new clients.  With the inhouse capability to perform cleaning ,inspection , hard banding and make & break services we can truly offer a one stop shop for drillpipe repairs. 

IOT Energy Services Ltd

IOT Group started as Independent Oil Tools AS back in 1992. Today, IOT Group is an international service organization within the oil & gas industry, with worldwide locations in the most important oil & gas logistics hubs.

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