Business
NESR Secures $150 Million in Contract Awards with IOCs in the MENA Region
HOUSTON, TX / ACCESSWIRE / June 2, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / June 2, 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 reported multiple contract awards with major international oil companies (\"IOCs\") for Integrated Rigless Services (\"Rigless Services\") and Drilling and Completion Fluids (\"Completion Fluids\") in the MENA region which will be executed over the next three years for up to $150 million.\"These awards by IOCs showcase our ability to deliver on multi-service line contracts with complex workflows and are a vindication of our project management and execution capabilities to be a reliable partner to both international and national customers in the MENA region,\" said Sherif Foda, Chairman of the Board and Chief Executive Officer of NESR. \"Both these contracts are significant, with the Rigless Services award a step up from our traditional single service line operation to now multiple service line offerings in the country and the Completion Fluids award a further expansion of our Drilling Fluids business and a first for us in that geography. I would also like to take this opportunity to thank our customers for the trust they have placed in us to deliver these contracts, which allows us to further strengthen our presence and increase our capabilities to serve them in their operations.\"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 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 manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.Forward-Looking StatementsThis communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1...