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NESR announces multi-year contract awards in North Africa and Gulf regions

Industry

National Energy Services Reunited Corp (NESR), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has announced multi-year contract awards in North Africa and Gulf regions for its drilling and evaluation product line

The contract awards reinforce its ability to create cross-selling opportunities and revenue synergies as a combined company.

These contracts are in line with NESR's long-term strategic plan and are set to place the company on a strong footing going into 2019 and beyond.

“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 Sherif Foda, chairman of the board and CEO of NESR.

“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,” Foda added.

Foda further noted, “These contract achievements amplify our local manufacturing presence with a larger base. It will solidify in-country spending and is critical to the evolution of the Company's In-Country Value strategies.”

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