Business
NESR Secures Multiple Awards in North Africa Exceeding $100 Million
HOUSTON, TX / ACCESS Newswire / August 13, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR) an international,
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"HOUSTON, TX / ACCESS Newswire / August 13, 2025 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (Nasdaq:NESR) an international, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") region, today announced the award of multiple Production Services contracts in Algeria and Libya, with total value estimated to exceed USD$100 million.The contract awards, which vary from three to five years in duration, encompass core Production Services segments including Coiled Tubing, Nitrogen & Pumping Services, Cementing and Hydraulic Fracturing. These wins solidify and extend NESR's regional leadership within these segments and reflect the steady activity growth materializing across key anchor countries in North Africa.NESR CEO & Chairman Sherif Foda commented, \"These awards not only enhance our existing leadership within our largest product lines, but also provide the platform upon which innovation and technology development can thrive in both Algeria and Libya. The activity growth in both countries remains solid, with several strategic projects in both oil and gas, and these wins reflect the commitment we've made to maintain our strong local presence, empower local talent by operating 100% with national crews, and invest countercyclically in the coming years to be the reliable and trusted provider to our customers.\"Cautionary Statement Regarding Forward-Looking StatementsStatements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such forward-looking statements may relate to, among other things, the Company's expectations regarding the exchange offer and consent solicitation. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption \"Risk Factors\" in such filings.You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to...