Turning obstacles into opportunities

NOW in its 18th year of operations, Oilfield Services & Supplies Pte Ltd (OSS) is a Singapore company that manufactures, services and provides rental of tools and components for the oil, gas and mining exploration and production industries.

Founded by Peter Ong in 1999, the company started out as a humble rented machine workshop in Loyang. The year before, when oil prices were low, he had seized the opportunity to start his own business with the experience he picked up from his previous job in a multinational service company, after having realised that barriers to entry to this niche industry were low.

Mr Ong has since passed on.