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National Energy Services Reunited Corp. Announces Testing Services Contract Award in Kuwait

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National Energy Services Reunited Corp. (NESR) has secured a significant five-year contract for Testing Services in Kuwait, marking its entry into the Evaluation services sector in the region. This contract aligns with NESR's strategy to diversify and strengthen its portfolio in Kuwait, where it already holds Drilling and Production contracts. CEO Sherif Foda emphasized the company's commitment to superior quality services and thanked clients for their trust. NESR is a prominent player in the oilfield services industry across MENA, employing over 5,000 people.

Positive
  • Award of a five-year contract for Testing Services in Kuwait, expanding NESR's service offerings.
  • Strengthens NESR's presence and diversification in the Kuwaiti market.
  • Demonstrates successful execution of NESR's expansion strategy.
Negative
  • None.

HOUSTON, TX / ACCESSWIRE / January 19, 2021 / National Energy Services Reunited Corp. ("NESR") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported the award of a major contract for testing and associated services ("Testing Services") in Kuwait. The contract term is for five years and marks the entry of NESR into the Evaluation services sphere in Kuwait.

"With the award of this contract, we are very proud to enter the Evaluation market in Kuwait and are committed to providing superior quality services, as well as an outstanding level of expertise and newer generation equipment. Adding Evaluation services on top of our existing Drilling and Production contracts in Kuwait allows us to further strengthen our presence in the country to best serve our customers. It is a demonstration of NESR executing on its expansion strategy and reflects our ability to diversify our portfolio of contracts in the areas where we operate," said Sherif Foda, Chairman of the Board and Chief Executive Officer of NESR. "I would also like to take this opportunity to thank our dear client for the trust they have placed in us as part of their extensive growth plans. We are committed to continuing to deliver exceptional quality to their projects."

About National Energy Services Reunited Corp.

Founded in 2017, National Energy Services Reunited Corp. is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 5,000 employees representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and more efficient manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.

For inquiries regarding NESR, please contact:

Christopher Boone or Dhiraj Dudeja
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com

SOURCE: National Energy Services Reunited Corp



View source version on accesswire.com:
https://www.accesswire.com/624834/National-Energy-Services-Reunited-Corp-Announces-Testing-Services-Contract-Award-in-Kuwait

FAQ

What recent contract did NESR announce on January 19, 2021?

NESR announced a five-year contract for Testing Services in Kuwait.

How does the new contract affect NESR's operations in Kuwait?

The contract allows NESR to enter the Evaluation services market and strengthen its existing Drilling and Production contracts in Kuwait.

What is the significance of the Testing Services contract for NESR?

It marks NESR's commitment to diversifying its service portfolio and expanding its operational footprint in the region.

Who is the CEO of NESR and what did he say about the new contract?

CEO Sherif Foda expressed pride in entering the Evaluation market and committed to delivering high-quality services.

What is NESR's core business focus as of January 2021?

NESR provides integrated energy services, including Production, Drilling, and now Evaluation services in the MENA region.

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