Dear valued partners,

We remain committed to supporting our customers. Our world has changed dramatically these past few weeks. All of us together face unprecedented obstacles with the rapid spread of COVID-19. Our industry has been hit particularly hard. We’re not only battling a historic pandemic which is severely affecting demand but the OPEC+ price war is creating substantial oversupply. Over the past few weeks we’ve seen a significant decline in drilling activity, creating a surplus in the OCTG market and resulting in large cancellations.

Our number one priority is the safety of our team and their families. All office personnel are currently working from home. We are staggering shifts for the manufacturing group, enforcing social distancing, and taking other measures in accordance with the guidelines from the CDC. We are open and fully operational at all locations, ready to support you. Whether that be to sawcut and convert your current inventory, supply full length finished pipe, or provide accessories or field services. We appreciate your continued support and look forward to overcoming these obstacles with you. The OFSI team hopes that you and your families are staying safe during these times.

Thank you,

K. Semerikov

President and CEO

OFS International LLC