Makes the metal fittings that connect oil wells to the surface, plus pipes and repair services for drilling gear across Asia and the Middle East.
Sells wellhead systems and tubular goods, with gross margins around 30% and net margins near 21% on roughly USD 0.16B annual revenue.
Regional relationships and certification in oilfield equipment create some stickiness, but large players like Schlumberger and Baker Hughes dominate globally, leaving OMS as a niche supplier with limited pricing power.
Key events, in time order
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Facts and opinions separated · All items sourced · Not investment advice
