Neo Oiltools is a leading provider of innovative solutions for the oil and gas industry, specializing in downhole torque management. Established in Luxembourg in 2014, Neo Oiltools is dedicated to enhancing drilling operations through its groundbreaking technologies.
At the heart of Neo Oiltools' offerings is NeoTork, a revolutionary downhole tool designed to manage torque generated by the drill bit. NeoTork effectively mitigates axial and torsional vibrations, safeguarding critical downhole equipment. Its unique design automatically controls downhole torque, contracting when torque exceeds a preset limit to reduce the bit depth of cut. This ensures that excess torque is slowly released as the drilling structure drills off, optimizing performance and extending the lifespan of equipment. Neo Oiltools is committed to providing reliable and effective solutions that improve the efficiency and safety of drilling operations.
With a presence in key locations such as Rue de Drinklange, Troisvierges, Diekirch L-9911, LU (Primary Address), Houston, Texas, and Abu Dhabi, Neo Oiltools is well-positioned to serve its global clientele. The company continually strives to innovate and deliver advanced solutions that meet the evolving needs of the oil and gas sector.
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