BIZTRAC BETA
Other support activities for petroleum and natural gas extraction

INDEPENDENT OIL TOOLS AS

Org. no. 989675281 Limited company (AS) Stavanger Incorporated 2006 Active
Ownership graph ↗
Revenue 2024 NOK 211.6m
Operating profit NOK 56.4m
Equity NOK 219.4m
Incorporated 2006
Employees 27
Share capital NOK 11.3m

INDEPENDENT OIL TOOLS AS is registered as a limited company in Stavanger, Rogaland with organisation number 989675281. The business is classified under other support activities for petroleum and natural gas extraction (NACE 09.109). The company was incorporated in 2006 and has 27 registered employees. Registered share capital is NOK 11.3m, divided into 11305568 shares. The company's stated purpose is: “Produksjon, handel og service, med hovedvekt på den maritime sektor og deltakelse i aktiviteter forbundet med dette og i virksomheter med beslektet formål. I tillegg skal selskapet kunne handle finansielle instrumenter uavhengig av bransje.”. The most recent filed accounts, for the 2024 financial year, show NOK 211.6m in revenue and NOK 56.4m in operating profit.

Key figures · 2024

Revenue
NOK 211.6m
Operating profit
NOK 56.4m
Equity
NOK 219.4m
Est. value
NOK 238.9m

Financial health · 2024

Liquidity
1.32
Satisfactory
Current assets ÷ current liabilities
Profitability
Not available
Return on total assets
Solidity
51.6%
Very good
Equity as a share of total capital

Who owns INDEPENDENT OIL TOOLS AS?

PETROLIA AS
INDEPENDENT OIL TOOLS AS
NOK 211.6m rev. · NOK 56.4m profit

INDEPENDENT OIL TOOLS AS has 1 registered shareholder:

All shareholders and roles →

Which companies does INDEPENDENT OIL TOOLS AS own?

INDEPENDENT OIL TOOLS AS holds a stake in 1 company:

See the full ownership structure →

Frequently asked questions about INDEPENDENT OIL TOOLS AS

Who owns INDEPENDENT OIL TOOLS AS?

PETROLIA AS is the largest registered owner, with 100.0%.

What is the revenue of INDEPENDENT OIL TOOLS AS?

INDEPENDENT OIL TOOLS AS had revenue of NOK 211.6m in 2024.

Who is the general manager of INDEPENDENT OIL TOOLS AS?

Sven Olav Borgen is registered as general manager of INDEPENDENT OIL TOOLS AS.

Where is INDEPENDENT OIL TOOLS AS based?

INDEPENDENT OIL TOOLS AS has its business address in Stavanger.

Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 15.06.2026.

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