NESR - Energy Services Reunited wins $175M multi-year contracts in MENA region

2023-08-07 06:21:31 ET

• Energy Services Reunited ( OTC:NESR ) Monday announced multiple contract awards worth $175M spanning a number of service lines in key countries across both the Gulf Cooperation Council and North Africa.
• The multi-year contracts, some of which extend up to a 5-year term, represent both new awards and extensions across service lines in both the drilling & evaluation and production services segments.
• "Activity growth in the region continues apace, as the commitment to both oil capacity expansion and also domestic natural gas development continue to drive the MENA (Middle East and North Africa) rig count beyond historical levels," NESR CEO & Chairman Sherif Foda said.
• Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions.
• Source: Press Release

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