Tekstboks: INNOVATION FOR THE OFFSHORE, SUBSEA AND DRILLING INDUSTRY

Updated:  06.07.16

History:

Tool-Tech AS was established in 1999 by Magne Rød and Egil Eriksen. Up to 2006, the company was a consultancy business in the Sub Sea industry.

In 2006 the owners decided to start development of new products and solutions. The company is today an innovation company with a large portfolio of products in different stages of development, patenting and commercialization.

Owners:

Tool-Tech AS is a privately owned Company. Shareholders are Magne Rød (50%) and EGAS Teknikk, (Egil Eriksen w/family 50%).

Company profile:

Tool-Tech AS is an innovation and technology company working mainly within the Oil & Gas industry with equipment for subsea and drilling. The company has developed a large portfolio of concepts, solutions and subsea equipment products.

- Subsea and surface hydr. components and systems 

- Subsea electro-mechanical actuators 

- Subsea and surface instrumentation solutions

 

 

Most concepts have been patented. The main business idea is to commercialise our technology in cooperation with partners that have a market apparatus in place, or through companies where Tool-Tech AS is a shareholder. 

 

Our main priority:

 

Electrical Subsea & Drilling AS - http://www.esdrilling.no/about-esd

 

Development of “all electric” BOP and equipment for Managed Pressure Drilling.