ITECO is a supplier of Oil Country Tubular Goods (OCTG) with a stronghold in the oil and gas supply industry for the past 18 years. With presence in more than 12 countries through its sales offices and stockyards, ITECO is supported by its strong professional team which has a collective industry experience of OCTG trading, distribution and manufacturing expanding many years.
The leading products and services provided by ITECO are recognised by major international Oil and Gas Companies as well as Renewable Energy Companies
Our offerings at ITECO range from OCTG Products to Production and Drill Pipes to sophisticated and technical services like Supply Chain Management to Inspection and Engineering Services.
Our objective is to provide a solid platform of products and services that we offer to our customers that includes
- Supply of API and emerging Premium Joint technology
- Support on a monthly basis on mill capacity allocations that allow better than industry standard delivery
- Distribution centers in Amsterdam – Holland, Dubai – United Arab Emirates, Batam – Indonesia, Singapore, Alexandria – Egypt and Aberdeen – United Kingdom
- Sound operational and logistics expertise from our sales support staff
- Technical support and back up
Our philosophy is to develop our organisation within the framework of a spirited and intimate company mentality. This enables us to be agile and respond quickly to customers’ needs.
With continued dedication from our team of employees from our wide network of business functions, we strive to nurture cordial relationships and maintain a positive ‘will do’ attitude.
As most of our clients are aware, ITECO has many years’ experience in OCTG with extensive knowledge and know-how for Premium and API. It is our collective prowess as a team of enthusiastic service providers that helps us confidently promise our stakeholders the best of performance.
Owing to our experience and network building efforts, ITECO has built a client base over many years. Managing the relationships and ensuring on time delivery of quality products allows us to secure continual business and long-term service contracts.
We believe that strengths reside as unearthed opportunities and reveal themselves to those who dare to achieve. We, at ITECO, have embarked on such journeys in the many years of existence. ITECO’s strength lies in coordinating complete packages of supply from various sources to arrive in planned destination country at the same time.
We have local partners who manage the smooth transition of materials to our customers. This key strength ensures that the job gets done and cuts through any red tape. In addition, ITECO offers the convenience of the return of material to accessible hubs to complete the supply loop.
Sales and Purchases
The cycle of delivery can be completed at a faster pace when the inventories are strategically located. ITECO is not just a believer in this mantra, but also a doer.
Our strategically located inventory in Europe, Middle East, Far East and Africa is available for immediate shipment worldwide. Our mill agreements leverage large orders into significant savings for drilling and production projects. We also have a monthly capacity reservation with our mill partners that allow us to change products up to 6 weeks prior to completion ex mill.
The industry we serve relies on a strong team to develop valuable partnerships sustained over a long time. We have developed relationships with several mills that allow us to hone the supply options based on the location of the mill to the drilling location and also the delivery required.
Our supply philosophy is aligned to the Industry environment, of late AFE approval and to capitalize on rig slots becoming available at short notice. Our experience in the market allows us to build sufficient stocks of standard products so that it satisfies majority of the well designs.
Offices and Distribution Centres
ITECO has rapidly grown as an Oil & Gas Supply Chain Management Services Company with offices in 11 countries and 8 distribution centers.
Current office locations:
- Germany – NR Dusseldorf
- France – Paris
- UK – Aberdeen
- Dubai – United Arab Emirates
- China – Tianjin
- India – New Delhi
- Erbil – Kurdistan
Other Distribution Centres are located in:
ITECO was originally formed as an independent OCTG trading company in Germany in 1997. Subsequently ITECO has grown into a dominant sales and distribution organisation with offices strategically located in Dubai, Germany, France and UK, whilst we have satellite offices situated in Kuwait, India, China, USA and Singapore. The Company also has several strategically located distribution centers and an extensive customer portfolio whose operations span across Europe, Africa, Asia, South America, the Middle and Far East.
History cannot be encapsulated merely in a timeline of major events. For ITECO, it is one crucial moment that defines its history and no one better than the CEO & Founder of ITECO Oil Field Supply Group – Bart Duijndam can recollect the momentous time for this company.
“The turning point for the Company was when we won our first major order in Kuwait in 2001. Kuwait changed things a lot because that really made us rely on mill supplies. It then helped us to open up our supply range to combine stock with mill run material, which in turn gained us access to larger and more long-term frame agreements. The logistics are very important here; we are breaking down a commodity to create something that someone actually wants. We are their favoured supplier. This isn’t easy, the effort that goes into making this happen from our Sales support team is really impressive. Managing multiple items from multiple suppliers, from many different cultures, speaking different languages is challenging. In addition, we collate and check expansive documentation packages that have to be right first time or the goods simply will not get through customs. These are the daily challenges that we overcome so that our customers can get on with their business uninterrupted.”
When I reflect on how things have developed; In 1997 I saw there was an opportunity, the way I like to do things is by seeing how far the thought process can go. I really hadn’t imagined that it would go this far, but now that I have seen it, I know that ITECO has a long way to go. You just have to adjust to the horizon as you go”
Our partnership with stakeholders is as essential for the success of ITECO as the staff and customers. This partnership has now gone a step ahead to reinforce its strength and mark our presence in the industry.
ITECO would like to welcome our new partner and stakeholder Metal One of Japan, who bought minority stake in ITECO Oilfield Supply ME in June 2013. Metal One is owned by world renowned MITSUBISHI CORPORATION, JAPAN with 60% stake and SOJITZ having 40% stake.
In asking them what was next and what does Metal One bring to the table? In reply, they said – “As a big industry name in its own right and with the parent Company being Mitsubishi Corporation, this is a solid basis upon which we can take ITECO to the next level. We can offer strong financial support and continuity of supply. There will be no need to change the model and the philosophy of the ITECO Group because it works and that is why we were so keen to share into ITECO in the beginning. ITECO’s success has been having a good balance of supply contracts coupled with good spot business, which helps to even out the ebb and flow of stock in a cost effective manner.