OMS Energy Technologies (NASDAQ: OMSE) Secures Approximately US$2.6 Million in Surface Wellhead System (SWS) Orders

OMS Energy Technologies (NASDAQ: OMSE) secured approximately US$2.6 million in surface wellhead system orders and a contract extension on March 19, 2026, from operators in Oman, Pakistan and Indonesia.

Rhea-AI Summary

OMS Energy Technologies (NASDAQ: OMSE) secured approximately US$2.6 million in surface wellhead system orders and a contract extension on March 19, 2026, from operators in Oman, Pakistan and Indonesia.

Orders include US$1.0M for Oman, US$0.26M for Pakistan (first 10,000 PSI full wellhead in Pakistan) and a US$1.3M extension with Pertamina Hulu Rokan; products will be manufactured in Singapore and Indonesia.

Positive

• Order book increase of approximately US$2.6M
• First 10,000 PSI full wellhead and production tree system in Pakistan
• Contract extension of US$1.3M with Pertamina Hulu Rokan
• Debt-free balance sheet enabling growth

Negative

• Order size is modest at US$2.6M total and may be limited near-term revenue
• Geographic concentration in Asia Pacific and MENA focuses exposure to regional drilling demand

Argus Mar 19 session

+3.51% close to close Open Argus

Details

News Market Reaction – OMSE

On Mar 19, the day this news came out, OMSE closed 3.51% above the previous close.

Data tracked by StockTitan Argus for the Mar 19 session.

Key Figures

Total SWS orders: approximately US$2.6 million Oman SWS order: US$1.0 million Indonesia contract extension: US$1.3 million +5 more

Total SWS orders

approximately US$2.6 million

New SWS orders and contract extension in Oman, Pakistan, Indonesia

Oman SWS order

US$1.0 million

Order from existing Oman customer via OMS Singapore

Indonesia contract extension

US$1.3 million

Extension to three-year supply contract with Pertamina Hulu Rokan

Pakistan SWS order

US$0.26 million

First 10,000 PSI full wellhead and tree system for Orient Petroleum

Cash position

$128.7M

Record cash reported for six months ended Sep 30, 2025

H1 FY26 revenue

$82.8M

Unaudited results for six months ended Sep 30, 2025

H1 FY26 net profit

$14.6M

Unaudited results for six months ended Sep 30, 2025

Saudi tax refund

approximately US$2.3 million

Amount expected to be returned after favorable appeal decision

Historical Context

5 past events · Latest: Mar 10

5 events

1. Mar 10

   Investor conference update

   24h Move

   +3.9%

   CEO highlighted cash position, global growth and manufacturing footprint.

2. Jan 28

   Order win

   24h Move

   -0.4%

   Announced ~US$2.2M specialty connector orders across UAE, Pakistan, Indonesia.

3. Jan 15

   Certification milestone

   24h Move

   +0.4%

   Saudi subsidiary earned API Specification 6A, enabling higher-value services.

4. Nov 26

   Certification milestone

   24h Move

   -1.5%

   Indonesian unit obtained API Spec 11D1 to expand packer product portfolio.

5. Nov 21

   Interim results

   24h Move

   -4.3%

   Reported profitable H1 FY26 with strong cash generation and margins.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

surface wellhead systems, oil country tubular goods, octg, form 3, +2 more

6 terms

surface wellhead systems technical

"a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country"

Surface wellhead systems are the set of valves, connectors and pressure-control equipment mounted at the top of an oil or gas well that manage flow, provide access for pipes and tools, and keep the well sealed and safe. Think of it as the control and connection hub for a well — its design and reliability directly affect production uptime, safety, regulatory compliance and maintenance costs, so investors watch them as a factor in operational risk and long‑term value.

oil country tubular goods technical

"surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil"

Oil country tubular goods are the pipes and related steel products—such as casing, tubing and drill pipe—used to build and operate oil and gas wells. Think of them as the backbone and plumbing for a well: their demand rises when companies drill and develop fields and falls when activity slows, so sales and backlogs of these products are useful signals for investors about drilling activity, industry health and capital spending in the energy sector.

octg technical

"surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil"

OCTG stands for oil country tubular goods, the steel pipes and related fittings used to line and support oil and gas wells from the surface down into the earth. Think of them as the backbone and plumbing of a well: their quality and quantity affect how quickly and cheaply energy producers can drill and produce, so shifts in OCTG demand or prices signal changes in drilling activity and can materially impact the revenues and prospects of suppliers and oilfield service companies.

form 3 regulatory

"director and Chief Executive Officer How Meng Hock reported his initial Form 3"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

form 6-k regulatory

"submitted a Form 6-K as a foreign private issuer to provide investors"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

form 20-f regulatory

"filed its inaugural Form 20-F for FY ended 31 Mar 2025."

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

First 10,000 PSI Wellhead System Win in Pakistan and New Orders in Oman and Indonesia Advance OMS's Global SWS Expansion Strategy

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: ir@omsos.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: omsos@thepiacentegroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What orders did OMS (OMSE) announce on March 19, 2026?

OMS announced approximately US$2.6 million in SWS orders and a contract extension. According to the company, orders include US$1.0M (Oman), US$0.26M (Pakistan) and a US$1.3M extension in Indonesia.

What is the significance of OMS's first 10,000 PSI wellhead in Pakistan (OMSE)?

The 10,000 PSI win marks a technical milestone for OMS in Pakistan. According to the company, it is the firm's first full wellhead and production tree at that pressure, demonstrating localized manufacturing capabilities and higher-value opportunity access.

Where will OMS manufacture the products from the March 19, 2026 orders (OMSE)?

OMS will manufacture products at its Singapore and Indonesia facilities. According to the company, Oman and Pakistan orders are assigned to Singapore production while Indonesian deliveries come from the Duri facility.

How does the Pertamina Hulu Rokan contract extension affect OMS's business (OMSE)?

The US$1.3M extension signals stronger demand and customer confidence. According to the company, demand exceeded the original contract value, underscoring ongoing regional drilling activity and repeat business.

What financial position did OMS cite alongside the March 19, 2026 orders (OMSE)?

OMS highlighted a debt-free balance sheet alongside the new orders. According to the company, this financial position supports its ability to expand SWS operations across Asia Pacific and MENA regions.