OMS Energy Technologies secures $2.6 million in new orders and contract extensions for surface wellhead systems in Asia Pacific and MENA regions.
Quiver AI Summary
OMS Energy Technologies Inc. announced that its subsidiaries in Singapore and Indonesia have secured new orders and a contract extension totaling approximately US$2.6 million from oil and gas operators in Oman, Pakistan, and Indonesia. OMS Singapore received a US$1.0 million order for surface wellhead systems from an existing customer in Oman, and also a US$0.26 million order from Orient Petroleum Inc. in Pakistan, marking its entry into the market with its first 10,000 PSI wellhead system. PT OMS Oilfield Services in Indonesia received a US$1.3 million extension from Pertamina Hulu Rokan due to increased demand. CEO Mr. How Meng Hock emphasized the company's growth strategy and confidence in its manufacturing capabilities, positioning OMS for further expansion in the Asia Pacific and MENA regions.
Potential Positives
- The company secured new orders and a contract extension totaling approximately US$2.6 million, indicating a strong performance and demand in international markets.
- OMS established relationships with both existing and new customers in Oman and Pakistan, showcasing the company's expanding presence and influence in these regions.
- The recent orders include the company's first 10,000 PSI full wellhead system in Pakistan, presenting significant technical achievement and opening higher-value opportunities in the growing energy sector.
- The extension of a supply contract with Pertamina Hulu Rokan reflects ongoing confidence from a major operator and demonstrates OMS's ability to meet increased demand in Indonesia.
Potential Negatives
- The company does not disclose specific financial details regarding the profitability or margins associated with the new orders, which may raise concerns about the sustainability of revenue growth.
- The press release includes a disclaimer about forward-looking statements, indicating potential risks and uncertainties, which may cause investors to question the company's future performance and stability.
- The focus on international orders may expose OMS to geopolitical risks and economic fluctuations in the Asia Pacific and MENA regions, which could impact their operations and revenue.
FAQ
What recent contracts has OMS Energy Technologies secured?
OMS Energy Technologies announced US$2.6 million in new surface wellhead system orders and contract extensions from Oman, Pakistan, and Indonesia.
How does OMS plan to grow its surface wellhead system business?
OMS aims to expand its surface wellhead system business by deepening customer relationships and increasing its presence in international markets.
What is significant about OMS's order from Pakistan?
The order from Pakistan marks OMS's first 10,000 PSI full wellhead and production tree system in the country, meeting strict technical specifications.
Who is OMS's largest subsidiary and what recent order did it receive?
OMS's largest subsidiary, OMS Singapore, received a US$1.0 million order for surface wellhead systems from an existing customer in Oman.
What does the contract extension with Pertamina Hulu Rokan indicate?
The contract extension with Pertamina Hulu Rokan indicates strong operator confidence in OMS's products and the growing demand for regional drilling.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OMSE Hedge Fund Activity
We have seen 5 institutional investors add shares of $OMSE stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MARSHALL WACE, LLP removed 94,089 shares (-72.8%) from their portfolio in Q4 2025, for an estimated $413,991
- DIAMETRIC CAPITAL, LP added 85,119 shares (+inf%) to their portfolio in Q4 2025, for an estimated $374,523
- MILLENNIUM MANAGEMENT LLC removed 83,839 shares (-75.2%) from their portfolio in Q4 2025, for an estimated $368,891
- JANE STREET GROUP, LLC removed 53,077 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $233,538
- RENAISSANCE TECHNOLOGIES LLC removed 33,135 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $145,794
- MAREX GROUP PLC added 28,826 shares (+inf%) to their portfolio in Q4 2025, for an estimated $126,834
- UBS GROUP AG removed 24,966 shares (-97.8%) from their portfolio in Q4 2025, for an estimated $109,850
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Full Release
Singapore, March 19, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced that its wholly-owned subsidiaries in Singapore and Indonesia have secured new surface wellhead system orders and a contract extension totaling approximately US$2.6 million from oil and gas operators in Oman, Pakistan and Indonesia. These orders reflect continued momentum in the Company's strategy to grow its SWS business across new and existing international markets, deepening customer relationships while expanding its geographic footprint in the Asia Pacific and MENA regions.
OMS Oilfield Services Pte. Ltd. ("OMS Singapore"), the Company's largest subsidiary, received a US$1.0 million order for surface wellhead systems from an existing customer in Oman, a local oilfield services provider serving multiple Omani operators. OMS Singapore has been supplying this customer for approximately 18 months, deepening its understanding of the Omani market. The products will be manufactured at OMS's Singapore facility, with deliveries scheduled for 2026.
OMS Singapore also secured a US$0.26 million order from a new customer in Pakistan, Orient Petroleum Inc. ("OPI"), a leading Pakistani exploration and production company. This new relationship builds on OMS's expanding presence in Pakistan, following the Company's landmark installation of the country's first smart intelligent wellhead system for MOL Pakistan in October 2025 and subsequent specialty connector orders from Pakistani customers announced in January 2026. This order marks another important technical milestone for OMS, representing the Company's first 10,000 PSI full wellhead and production tree system in the country. OMS won the order by meeting OPI's stringent technical specifications and delivery requirements, demonstrating the Company’s localized manufacturing advantages, agility and speed.
Furthermore, PT OMS Oilfield Services ("OMS Indonesia"), one of OMS's longest-established subsidiaries, received a US$1.3 million extension to an existing three-year supply contract with Pertamina Hulu Rokan, a major Indonesian upstream operator, due to demand exceeding the original contract value. The extension underscores the operator's continued confidence in OMS's surface wellhead equipment and delivery capabilities, as well as strong and growing regional drilling demand. The products will be manufactured at OMS’s Duri facility in Indonesia.
Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, "These orders demonstrate the breadth of our surface wellhead business across multiple geographies and customer segments. The contract extension with Pertamina Hulu Rokan reflects deep operator confidence in our products, while our first 10,000 PSI full win opens the door to higher-value opportunities as Pakistan's energy sector continues to develop. With a healthy order pipeline, debt-free balance sheet and strong localized manufacturing capabilities, we are well-positioned to continue expanding our SWS customer base across the Asia Pacific and MENA regions."
About OMS Energy Technologies Inc.
OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted engineered solutions supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.
For more information, please visit ir.omsos.com .
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
OMS Energy Technologies Inc.
Investor Relations
Email:
[email protected]
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email:
[email protected]