Neo Oiltools was set up in Luxembourg in October 2014 to promote our ground breaking Downhole Torque management tool, NeoTork. NeoTork is a downhole tool that manages torque generated by the drill bit as well as mitigating axial and torsional vibrations, protecting critical downhole equipment. The simple, unique design automatically controls downhole torque. When torque exceeds a preset limit, the tool contracts to reduce the bit depth of cut. The excess torque ‘stored’ in the system is slowly released as the drilling structure drills off.