National Energy Services Reunited Corp. (NESR) an international, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) region, announced that it has secured several, multi-year Cementing contract awards valued at approximately USD $300 million.
These contracts, which solidify NESR’s leading MENA position in Cementing for the next five years, encompass a significant award in Kuwait and several prominent awards in North Africa.
The awards are reflective of the positive activity trends across the region, and leverage both NESR’s existing Cementing leadership across the Gulf, as well as the Company’s strategic, counter-cyclical investment commitment.
Sherif Foda, Chairman and Chief Executive Officer said, “Based on our philosophy of fortifying our biggest segments in core countries and pulling-through these capabilities to new areas, we are pleased to see these new awards that solidify our leading position in Cementing for years to come. The benefit of regional scale in segments like Cementing include operational agility and the ability to enhance our offering with new technologies. We’re honored to now have such a solid position in Kuwait, and humbly thank our dearest clients for their trust. New awards across North Africa demonstrate our ability to expand quickly outside of our core Gulf footprint, and underscore the growth potential in Libya and beyond.”
