OMS Thailand expands: Partnership strengthens oil and gas industry!

OMS Thailand expands: Partnership strengthens oil and gas industry!

A lot is happening in the Thai energy sector! The OMS Energy Technologies Inc. and its subsidiary, the OMS Oilfield Services (Thailand) Ltd., have recently taken their partnership with one of Thailand's leading oil and gas operators to a new level. This move could pave the way for innovative developments in the region and is a testament to the trust in the expertise of OMS Thailand, which has over 20 years of experience in Songkhla and 10 years in Sattahip.

The partnership includes a Technical Service Partner Contract that provides technical consulting, measurement management and hardware services. This allows them to support their customers with first-class quality and a responsive maintenance service. OMS Thailand has now grown into one of the largest single operator workshops in Thailand, meeting all the performance and supplier criteria that major producers expect.

Market opportunities and challenges

As things stand, Thailand's oil and gas sector is estimated to be worth about $4.5 billion in 2025, with continued growth that could reach $5.86 billion by 2030, as the case may be Mordor Intelligence Report shows. A notable aspect here is the forecast annual growth rate of 5.41% between 2025 and 2030, which is linked to an increase in domestic gas demand for power generation and increasing requirements for petrochemical raw materials.

The Market study also highlights the challenges facing the sector. These include the rapid decline of some production fields and possible price caps that could reduce refining margins. In addition, environmental activism could have a delaying effect when it comes to the development of new pipelines.

OMS in an international context

Headquartered in the Cayman Islands, the company is known for manufacturing surface wellhead systems and oil country pipes (OCTG) and has strengthened its geographical presence through subsidiaries in various countries such as Singapore, Saudi Arabia, Indonesia and Malaysia. OMS' products are American Petroleum Standards (API) and ISO certified and have proven reliability in onshore and offshore oil projects in the Asia Pacific, Middle East and North Africa.

OMS' ongoing commitment to supporting local industry and building manufacturing facilities together with national governments is a strategic step to secure long-term market share and meet the growing needs of the industry.

In summary, the rise of OMS in Thailand shows the importance of local partnerships in a dynamic market. The next few years could be crucial in driving the sector forward and finding innovative solutions to the challenges that lie along the way. So the developments are definitely worth a look!