INDEPENDENT OIL TOOLS AS

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 2025 financial year, show NOK 199.3m in revenue and NOK 34.7m in operating profit.

Former names: IOT SERVICE AS

Key figures · 2025

Revenue

NOK 199.3m

▼ −6 %

Operating profit

NOK 34.7m

▼ −38 %

Equity

NOK 261.2m

▲ +19 %

Est. value

NOK 243.7m

Financial health · 2025

Liquidity

1.51

Good

Current assets ÷ current liabilities

Profitability

15.0%

Very good

Return on total assets

Solidity

66.4%

Very good

Equity as a share of total capital

Who owns INDEPENDENT OIL TOOLS AS?

PETROLIA AS Org. no. 980021874

100.0%

INDEPENDENT OIL TOOLS AS

NOK 199.3m rev. · NOK 34.7m profit

INDEPENDENT OIL TOOLS AS has 1 registered shareholder:

• PETROLIA AS 100.0%

All shareholders and roles →

Which companies does INDEPENDENT OIL TOOLS AS own?

INDEPENDENT OIL TOOLS AS holds a stake in 1 company:

• INDEPENDENT TOOL POOL AS 100.0%

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 199.3m in 2025.

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.

Property

Business address Midtgårdveien 30, 4031 Stavanger

Cadastral unit 1103-13/308/0/0

Building Kontor- og administrasjonsbygning, rådhus · 1 unit

2 companies are registered at this address.

The address this company is registered at, from the company register and matched against the cadastre. It does not say who owns the property — a company may be a tenant, and the address is often its accountant's. Source: Brønnøysundregistrene and © Kartverket.

Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 02.09.2026.