NESR receives several D&E awards
HOUSTON, TX / ACCESSWIRE / October 11, 2021 / National Energy Services Reunited Corp. (“NESR”) (NASDAQ: NESR) (NASDAQ: NESRW), a leading national provider of integrated energy services to the Middle East and North Africa (“MENA”) region, announced today Several contracts were awarded in several lines of Drilling and Assessment (“D&E”) services in key GCC countries. Totaling more than US $ 150 million, these multi-year contracts encompass Slickline Services (“Slickline”), Tubular Running Services (“TRS”) and Testing Services (“Testing”) with several national oil companies (“NOC”).
“As the world emerges from the global pandemic, the MENA region is positioning itself for a sustained, multi-year cycle of improvement in which our main customers aim for substantial growth in business and production capacity,” said Sherif Foda , Chairman of the Board of Directors and Chief Executive Officer. NESR officer. “These renowned contract awards both reinforce our belief in the upstream prospects of the MENA region and also support key strategic growth initiatives in our D&E segment in particular. We have invested heavily to expand our assessment services. adding the latest generation Slickline technology and enhancing our partnerships with innovative downhole technologies that meet customer needs for advanced response products. At the same time, we continue to capitalize on our TRS business and expand our footprint by entering into new countries Finally, our range of testing services is a key segment for ESG improvement, and we are working with our clients on several initiatives to eliminate flaring during exploration and testing operations. Our goal is to continue to differentiate ourselves and to showcase the company’s ability to execute er in technically difficult operating environments. I am grateful to our clients who continue to trust both our service delivery platform and in our strategy of locating and empowering the workforce in the country. “
About National Energy Services Reunited Corp.
Founded in 2017, NESR is one of the largest national providers of petroleum services in the MENA and Asia-Pacific regions. With over 5,000 employees, representing over 60 nationalities in over 15 countries, the company helps customers unlock the full potential of their reservoirs by providing production services such as hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping and nitrogen. Services. The Company also helps its customers to access their reservoirs in a smarter and faster way by providing drilling and appraisal services such as downhole drilling tools, directional drilling, fishing tools, drilling services. testing, cables, runners, drilling fluids and platform services.
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