Upetrom 1 Mai

What Upetrom 1 Mai does

Upetrom 1 Mai is a Romanian manufacturing firm headquartered in Ploiesti — the historic centre of Romania's onshore oil production — that designs, produces, and repairs oilfield equipment to API (American Petroleum Institute) quality standards. Its product scope spans the full lifecycle from original equipment manufacture through aftermarket repair services, a structure typical of niche oilfield suppliers that combine OEM and MRO revenue streams. The firm operates as a private, for-profit company with 51–100 employees and a founding date of 1908, making it one of the longer-standing independent equipment manufacturers in the Romanian upstream value chain. Leadership comprises CEO Radu Durdun and CIO Alexandru Canela, the latter signalling a recent emphasis on formal IT and digital infrastructure within a traditionally industrial business.

The company's business model is anchored in B2B supply of API-spec equipment and repair services to upstream oil and gas operators and service companies, primarily in Romania and potentially adjacent regional markets. Revenue mechanics are likely a mix of one-off equipment sales (driven by capex cycles of E&P customers) and recurring repair/maintenance work tied to the installed base — a profile that creates cyclical exposure to oilfield activity but stable aftermarket cash flow when drilling activity moderates. Direct evidence on pricing, customer concentration, channel mix, and geographic footprint is not available in the source data; the public web presence was a verification/loading page at the time of collection, so customer logos, order book details, and revenue breakdowns should be confirmed through primary diligence before any commercial inference is acted upon. The CIO appointment is the only recent organisational signal recorded and is consistent with gradual operational modernisation rather than transformative digital repositioning.

Source data does not disclose product-by-product specifications, certifications beyond API conformance, partnerships, R&D pipeline, or M&A activity; investment conclusions therefore rely on the firmographic and leadership signals above, supplemented by comparable benchmarks for Eastern European niche oilfield-equipment manufacturers.

Name

Upetrom 1 Mai

Website

https://upetrom.com

Company type

Private

Founded year

1908

Headcount range

51–100 employees

Short description

Upetrom 1 Mai is a Romanian manufacturer (founded 1908, Ploiesti) that designs, produces, and repairs oilfield equipment to API quality standards, serving upstream oil and gas customers with OEM and aftermarket repair services.

Ownership category

akta.pro rank

Product category

Oilfield Equipment Manufacturing

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

akta.pro secondary industries

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Oilfield equipment manufacturing
• API compliant machinery
• Oilfield equipment repair
• Petroleum equipment production
• Upstream oilfield services

Headquarters

HQ city

Ploiesti

HQ country

Romania

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure

Core offering

Upetrom 1 Mai is a manufacturing firm that designs, produces, and repairs oilfield equipment according to API quality standards. The company serves the upstream petroleum sector by supplying equipment components and providing repair services for oilfield machinery used in exploration and production activities.

Product overview

Unable to determine product/service offerings from available source material. The source content consisted only of a site verification/loading page ("One moment, please...") with no substantive information about the company's products, services, or portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Oilfield Equipment Manufacturing Design and production of oilfield equipment manufactured in accordance with API quality standards, intended for oil and gas operators and drilling contractors.
• Oilfield Equipment Repair Services Repair services for oilfield equipment, provided to oil and gas operators requiring maintenance and refurbishment of upstream machinery components.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights2 records

Direct peers

• Forum Energy Technologies: Forum Energy Technologies is a focused oilfield equipment manufacturer specializing in wellhead and surface production equipment, similar in scale and product orientation to Upetrom 1 Mai, serving operators and rig contractors globally.
• Cactus Wellhead: Cactus Wellhead designs, manufactures, and services API-spec wellhead equipment for upstream operators. It is a direct peer to Upetrom 1 Mai in API-standard wellhead and surface equipment manufacturing.

Broad incumbents

• Baker Hughes: Baker Hughes is a leading oilfield equipment and services company producing wellheads, completions tools, and surface equipment per API standards. It overlaps directly with Upetrom 1 Mai's product categories at global scale.
• Weatherford International: Weatherford manufactures a wide range of oilfield equipment including wellheads, downhole tools, and artificial lift systems. It competes in the same API-standard equipment category as Upetrom 1 Mai, particularly across CEE and MENA.
• National Oilwell Varco (NOV): NOV is a major manufacturer of oilfield drilling and production equipment, including wellheads, BOPs, and surface equipment per API standards. It is a broad incumbent competing with Upetrom 1 Mai's product lines in upstream equipment.
• SLB (formerly Schlumberger): SLB is the world's largest oilfield services and equipment provider, offering wellheads, drilling tools, and production equipment globally. It is comparable to Upetrom 1 Mai as the global benchmark for API-standard oilfield equipment, against which Upetrom's niche offerings must compete.
• Technicas Reunidas: Technicas Reunidas is an EPC contractor executing upstream oil & gas projects that source API-standard equipment. While broader than Upetrom 1 Mai, it represents the buyer-side counterpart in equipment-heavy oilfield projects where Upetrom competes for supply.

Regional players

• TMK (Pipe Metallurgical Company): TMK is a global OCTG and line pipe manufacturer with operations in Romania and across the CIS/CEE region. It is comparable to Upetrom 1 Mai as a regional oilfield tubular/equipment supplier serving the Romanian and CEE upstream markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Upetrom 1 Mai