The National Energy Services Reunited (NESR) Corporation, a United States-based industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has awarded major multi-year contracts in North Africa and the Gulf region for its Drilling and Evaluation product line.
The move reinforces the company’s ability to create cross-selling opportunities and revenue streams as a combined company. These contracts are in line with NESR’s long-term strategic plan and will place the Company on a strong footing going into 2019 and beyond.
NESR, which is based in Houston, Texas, was founded in 2017 and is now one of the largest national oilfield services providers in the MENA and Asia Pacific regions.
With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services.
“These awards help to substantiate NESR’s strategy to expand its Drilling Tools, Fishing and Remedial services portfolio from its core operations in Oman, consolidating our leading market position,” said NESR CEO and Chairman of the Board Sherif Foda.
“These market share gains are important stepping stones in expanding our business lines and diversifying our service portfolio in the area. It highlights the accelerated pace of our integration along with the strong relationships we have with our customers in the region and their confidence in our ability to deliver across multiple sectors,” added Foda.
He stated that the contract achievements will amplify the firm’s local manufacturing presence with a larger base.
Foda concluded that the strategic move would solidify in-country spending, adding that it will be critical to the evolution of the company’s in-country value strategies.