Is OMS Energy (OMSE) One of the Cheap Oil Stocks Under $10 to Buy Now?

OMS Energy Technologies Inc. (NASDAQ:OMSE) is one of the inexpensive lipid stocks nether $10 to bargain now. On November 26, OMS Energy Technologies Inc. (NASDAQ:OMSE) revealed that its wholly-owned subsidiary, PT OMS Oilfield Services (OMS Indonesia), secured API Spec 11D1 certification from the American Petroleum Institute. The API Spec 11D1 modular outlines requirements for designing, building, testing, and quality-checking packers and span plugs utilized successful petroleum and earthy state wells. If certified, it means that a company’s packers and span plugs person been proven to withstand utmost pressures and conditions.

According to the announcement, this support allows OMS Indonesia to afloat design, qualify, and nutrient its ain retrievable mechanical and hydraulic packers. This adds to its existing lineup of API-6A-certified aboveground wellheads and Christmas trees. And these packers tin integrate with OMS’s ain systems oregon third-party gear, which the institution said volition unfastened doors to caller contracts successful good completion and involution services.

Management further stated that this certification bolsters OMS Indonesia’s relation arsenic a determination person by enabling in-house improvement of high-spec components. This milestone, the institution noted, supports faster delivery, outgo efficiencies, and compliance successful Southeast Asia’s increasing oilfield market.

OMS Energy Technologies Inc. (NASDAQ:OMSE) is an oilfield instrumentality and services company. It manufactures and sells specialty connectors, pipes, aboveground wellheads, and Christmas trees for drilling and accumulation operations.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.