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NESR Announces Successful Partnership with PHX Energy and Start of Directional Drilling Operations in the Middle East
HOUSTON, TX / ACCESSWIRE / March 25, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / March 25, 2021 / National Energy Services Reunited Corp. (\"NESR\") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") region, today announced the successful start of its Directional Drilling operations in the Middle East, in partnership with PHX Energy Services Corp. (\"PHX Energy\") (PHX).John Hooks, Chairman of the Board and CEO of PHX Energy stated, \"with the introduction of PHX Energy's Atlas Downhole Motors and Velocity Systems, I am very glad that we have been able to showcase our leading technologies which have contributed to the transformation of the North American drilling landscape. The results in the Middle East region speak for themselves and we firmly believe that with the further adoption of this latest generation of technologies, layered with the local expertise and execution abilities of NESR, operators in the region will be able to drill more efficient and faster wells.\"\"I am quite pleased with the results of our promising efforts in Directional Drilling as we have broken existing records with this first run of PHX Energy's Atlas Downhole Motors and Velocity Systems compared to all other technologies in the market for similar products. As we have all along said, our open-source technology platform strategy has been to partner with best-in-class technology providers and then apply our local knowledge to develop custom solutions for our customers. This partnership and subsequent execution is a testament to the success of our strategy,\" said Sherif Foda, Chairman of the Board and CEO of NESR. \"In the last few years, we have implemented this methodology primarily on the Production Services product lines and now we are seeing our efforts in the Drilling and Evaluation sphere gain momentum. I thank our customers for their continued trust in us and for giving us this opportunity to deliver on what we promised them.\"About National Energy Services Reunited Corp.Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 5,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Frac...