I must say I was surprised at the lack of any valve stem oil seals in my LM2 engine. That said, it doesn't appear to use any oil, at least not noticeably so not really an issue.
As an aside, I have been recently rebuilding a Rover V8 engine from my Land Rover and that too had no valve stem oil seals. However, I am told that it did originally have them but as they were just rubber (no steel housing or springs) they simply break up and 'disappear' over time.
Now rebuilt with modern seals but that required replacing the valve guides.