National Energy Services Reunited Corp (NESR), an international, industry-leading provider of integrated energy services in the Middle East and North Africa region, has announced that the company has been awarded a major contract for integrated rigless stimulation and testing services (conventional fracturing) in Saudi Arabia
The contract is for a total period of three years with an option for a further extension of two years and is worth approximately US$300mn, covering fracturing, testing, wireline, coiled tubing, slickline services and all associated chemistry, logistics and site services to conduct these operations.
NESR CEO and chairman Sherif Foda commented, "We were the first national service provider in the region to successfully execute multiple integrated stimulation projects across the region and we are extremely proud to have been selected among a short list of service providers for this flagship fracturing award. We look forward to delivering innovative processes and technologies to take this project to the next level as our client leads the way in technology adoption and efficiency.
"In addition, we look forward to working closely with Saudi Aramco, in line with their net-zero and sustainability goals, to minimise the carbon footprint of these operations, introduce breakthrough Zero Liquid Discharge technologies to recycle the produced water, and to provide minerals and freshwater not only to the operations but to the community around us.
"It is always a pleasure to work closely with Saudi Aramco not only as the world's most reliable energy provider but also as a world class technology incubator and adopter of disruptive innovations."
