- National Energy Services Reunited ( NASDAQ: NESR ) has been awarded a long-term, Wireline Services platform contract in Saudi Arabia, which greatly expands the scope of services provided over a nine year contract term.
- Within the expanded scope of the contract, the company will now provide advanced Cased-Hole & perforation services, in addition to the broad suite of services currently performed.
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The NESR Wireline business has grown successfully in multiple countries over the company's history and has now a solid presence, especially in Egypt & Iraq in addition to the Kingdom.
- ".....This contract allows us to expand the scope of services provided, and since wireline is a particularly technology-rich segment within energy services, there is substantial potential for this expansion of scope. I want to thank Aramco for their trust and their collaborative support of our burgeoning Wireline portfolio, part of which we plan to highlight alongside the anticipated opening of the NESR Oilfield Research Center in Dharan Techno Valley in early 2023," said NESR CEO & Chairman Sherif Foda
For further details see:
NESR secures nine-year wireline platform contract in Saudi Arabia