National Energy Services Reunited Corp. (NESR), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, awards valued up to 2.5 Billion Saudi Riyal ($660 Million)
The project works includes Coiled Tubing & N2, Stimulation Services and Cementing Services for a period of five (5) years with possible extensions of up to 2 years with the National Petroleum Technology Company, a subsidiary of NESR.
Dr. Mohammed Y. Al-Qahtani, Senior Vice President for Upstream, Saudi Aramco stated: “NESR is a key partner for Saudi Aramco, and we are very pleased to see National Petroleum Technology Company, a subsidiary of NESR, progress in such a short span of time.
we would like to see local high- caliber firms from Saudi Arabia that have proven their ability to handle complex projects to step up and take a larger role to help achieve Saudi Aramco’s In-Kingdom Total Value Add Program (IKTVA) goals, which aim to increase the company’s locally sourced goods and services to 70 percent by 2021 and contribute to the Vision 2030, Saudi Arabia’s national transformational program.
“These awards are key as they provide a baseline for our growing operations in Saudi Arabia” said Sherif Foda, Chairman of the Board and CEO of NESR.
As a premier national service provider, we have made significant investments in training and developing the national workforce in Saudi Arabia to deliver top level service quality, Foda added.
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