Business
National Energy Services Reunited Corp. Successfully Starts Unconventional Fracturing Operations in Saudi Arabia
DHAHRAN, SAUDI ARABIA / ACCESSWIRE / January 30, 2020 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR) (NASDAQ:NESRW), a
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"DHAHRAN, SAUDI ARABIA / ACCESSWIRE / January 30, 2020 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") and Asia Pacific, today reported the successful start of integrated unconventional fracturing operations in Saudi Arabia. With this project, NESR becomes the first national company in the region to successfully kickoff unconventional fracturing simultaneous operations while also providing integrated project management, hydraulic fracturing, coiled tubing, wireline and perforating, completion tools, and testing services.Dr. Mohammed Y. Al-Qahtani, Saudi Aramco's Senior Vice President for Upstream, commented: \"I am pleased to see a local company like NESR successfully commence these complex and challenging operations in Kingdom. Unconventional operations are a critical component of this project to produce natural gas in order to serve domestic needs, provide feedstock for the chemical industry, and spur regional economic development in line with Vision 2030, the Kingdom's national transformation program. I wish NESR and the team success in the execution of these operations.\"Khaled al-Abdulqader, Saudi Aramco's Executive Director of Unconventional Resources, added: \"I congratulate NESR and its technical partners for their strong contribution to date. I am pleased to see NESR's quick adaption to Saudi Aramco's systems and their participation in introducing new technologies, which helped efficient frac stages delivery. This is a good example of a local national company competing at global scale and at the same time contributing strongly to the \"In Kingdom Total Value Add Program\" by developing the Saudi labor force and utilizing local suppliers.\"\"The start of integrated unconventional fracturing operations is a significant landmark for NESR and the region,\" said Sherif Foda, Chairman of the Board and CEO of NESR. \"We are the first national service provider in the region to successfully commence unconventional fracturing simultaneous operations of this technological, operational and logistical complexity and scale. To deliver this at such a high level, without having had any experience in it previously, is a credit to our strong partnership with Aramco and the...