Neo Oiltools

What Neo Oiltools does

Neo Oiltools s.a., incorporated in Luxembourg and founded in 2015 by Philippe Cravatte, develops and commercializes the neotork downhole drilling tool, a proprietary anti-vibration device that mitigates all four primary drilling dysfunctions—axial, lateral, torsional, and High Frequency Torsional Oscillations (HFTO). The product is built around a patented cable-based architecture in which flexible cables are guided around an internal mandrel and paired with a spring pack, enabling near-instantaneous torque response and continuous PDC cutter engagement. The tool is offered in multiple sizes (NT2125 through NT6625) configured for different drilling envelopes and is complemented by Neosmart, an optional embedded sensor package launched in May 2025 that records 3D downhole vibrations for post-run analysis. The product is reusable across multiple wells and compatible with MWD and RSS systems, targeting exploration wells, development projects, and directional, coring, and milling operations.

The company sells neotork to oil, gas, and geothermal drilling operators globally through a hybrid model combining direct regional delivery managers (Europe, North America, Middle East, Latin America) with a network of authorized regional distributors covering North America (Impulse Downhole Tools), Saudi Arabia (Saja Energy), UAE (Al Ghaith Energy), Europe and Australia (IOT Holland, IOT Australia), Thailand (OPS OES), and global rentals (Global Rentals, DSI FZE). The company has been deployed on over 20 million feet of drilling across 2,000 wells worldwide since 2015, with quantified case-study outcomes including up to 165% ROP increase (Chevron Thailand trial) and over 50% reduction in vibration levels (Delaware Basin comparisons). Neo Oiltools is a privately held, founder-led company with no disclosed external funding rounds and no parent company; pricing is not publicly disclosed and is handled through direct contact with regional delivery managers.

Name

Neo Oiltools

Legal name

Neo Oiltools s.a.

Website

https://neo-oiltools.com

Company type

Private

Founded year

2015

Operating status

Operating

Short description

Neo Oiltools develops and sells the patented neotork downhole tool, a cable-based anti-vibration device that mitigates axial, lateral, torsional, and HFTO vibrations for oil, gas, and geothermal drilling operators worldwide.

Ownership category

akta.pro rank

Product category

Downhole Drilling Tools

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD)

akta.pro secondary industry

Drill Tools, Bits & Downhole Equipment (IMAHAMAB)

Keywords

• Downhole drilling tools
• Vibration suppression systems
• Oilfield drilling equipment
• Anti-vibration drilling tools
• Drilling dysfunction mitigation

Headquarters

HQ city

Wemperhardt

HQ country

Luxembourg

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Downhole Tool Sales: Neo Oiltools sells proprietary neotork anti-vibration tools directly to drilling operators and through their distributor network. Tools are available in multiple sizes (NT2125 through NT6625) configured for specific drilling envelopes.
2. Tool Rental: Through partners like Global Rentals, neotork tools are available for rental to operators, providing flexible access to the technology without capital purchase.

Go-to-market motion1 record

Distribution channels9 records

Marketing channels5 records

Core offering

Neo Oiltools designs, manufactures, and distributes the neotork anti-vibration downhole drilling tool, which uses a patented cable-based architecture to mitigate all four drilling dysfunctions (axial, lateral, torsional, and HFTO vibrations) and to automatically adjust drill bit depth of cut. The tool is sold in multiple sizes (NT2125 through NT6625) configured for specific drilling envelopes, with an optional Neosmart sensor add-on, and is delivered to oil, gas, and geothermal drilling operators directly and through a global network of authorized regional distributors.

Product overview

Neo Oiltools offers a single flagship product line: the neotork anti-vibration downhole tool for oil and gas drilling operations. The core neotork tool uses a patented cable-based design guided around an internal mandrel paired with a spring pack to provide instant, automatic torque response and mitigate all four drilling dysfunctions (axial, lateral, torsional, and HFTO vibrations). The product is available in multiple tool sizes (NT2125, NT2875, NT3500, NT475, NT525, NT575H, NT675, NT700, NT725H, NT850, NT950, NT6625) optimized for different drilling applications. Neosmart is an optional add-on sensor package that provides embedded diagnostics for vibration monitoring. Neo Oiltools operates a regional distributor model covering Europe, North America, Latin America, the Middle East, and Asia.

Differentiator

Problem solved

Functional benefit

Brands

• Neosmart: Optional embedded sensor package that records downhole vibrations in three dimensions and tracks tool's axial movements at high sampling frequency, with data retrieved at surface for full post-run reconstruction.

Products and services

• neotork anti-vibration downhole tool Anti-vibration downhole drilling tool that uses a patented cable-based design to mitigate all four drilling dysfunctions (axial, lateral, torsional, and HFTO vibrations) by maintaining constant mechanical equilibrium and automatically adjusting drill bit depth of cut. Available in multiple sizes (NT2125 through NT6625) configured for specific drilling envelopes, reusable across multiple wells, and compatible with MWD and RSS systems.
• Neosmart embedded sensor package Optional embedded sensor package for the neotork tool that records downhole vibrations in three dimensions and tracks tool axial movements at high sampling frequency, with data retrieved at surface for full post-run reconstruction.

Quantifiable outcome

• Up to 165% ROP increase in optimized operations (Chevron Thailand trial)
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Impulse Downhole ToolscoreChannel Partner/ Reseller/ Distributor · 1 July 2025Leading provider of downhole drilling tool solutions in North America, focused on friction reduction and premium motor technology. Exclusive distributor for neotork in North America. Combines neotork's advanced dysfunction mitigation technology with their existing ActiPulse and PowerPulse vibration tools and HEX motors.
• Al Ghaith EnergycoreChannel Partner/ Reseller/ DistributorMulti-dimensional energy business established in 1966. Mechanical Division provides comprehensive drilling solutions including technically advanced, field-proven equipment. Installs, commissions, and provides aftermarket service for neotork.
• DSI FZEminorChannel Partner/ Reseller/ DistributorSpecialized leader in downhole bypass tool technology with over 20 years of experience. Product specialization combined with technical knowledge provides customers increased security and reliability for downhole products and services.
• Global RentalscoreChannel Partner/ Reseller/ DistributorNorwegian service company providing rental, sales and services of downhole tools globally. Specializes in premium downhole tools including neotork vibration-mitigation tool, as well as Jars & Energizers, Shock Tools, and Bumper Subs. Offers facilities and training for safe operation and maintenance.
• IOT HollandcoreChannel Partner/ Reseller/ DistributorInternationally recognized independent oil and gas service provider founded in 1992, covering sales, rental and service operations. Partners with accomplished and proven brands to respond to challenging drilling environment demands with fast delivery and competitive pricing.
• IOT AustraliacoreChannel Partner/ Reseller/ DistributorEstablished in 1990, serving oil, gas, mining, and geothermal industries from purpose-built facility in Jandakot, Perth. Provides Tubular Running Services, make and break services, pressure testing, and maintains large local inventory of drill pipe, HWDP, drill collars, tubing, and wash pipe.
• Saja Energy Co.coreChannel Partner/ Reseller/ DistributorSaudi company founded in 2005 providing innovative services and superior training for oil and gas industry. Represents niche technologies and market-leading brands including neotork with on-the-ground operational support delivered by highly skilled workforce.
• OPS OESminorChannel Partner/ Reseller/ DistributorOPS Oilfield Equipment and Services Ltd., formerly Oilfield Professional Services Ltd. (established 2007), serving Thailand's oil, gas, and energy sectors since 2010. Provides drilling rig inspections, equipment, parts, maintenance, and repair services with complete range of well construction equipment.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@neo-tork
• LinkedInlinkedin.com/company/neo-oiltools/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neo Oiltools