NESR Begins Construction of 180,000m(2) Facility at King Salman Energy Park (SPARK)
National Energy Services Reunited Corp. (NESR) has commenced construction of a 180,000m² state-of-the-art facility at King Salman Energy Park (SPARK) in Saudi Arabia. Following a February groundbreaking event attended by key industry leaders, including Saudi Aramco Upstream President and SPARK executives.
The facility will be developed in four strategic phases, with the first phase focusing on transitioning NESR's hydraulic fracturing operations. The project will incorporate AI and machine learning technologies for drilling optimization, well intervention, and production enhancement. The facility aims to boost efficiency through predictive maintenance and reduce non-productive time.
This development aligns with Saudi Arabia's Vision 2030, emphasizing localization, technological advancement, and strengthening domestic manufacturing capabilities in the energy sector. The facility will serve as a regional hub for innovation in oilfield services, focusing on sustainability and adhering to the highest LEED facility development standards.
National Energy Services Reunited Corp. (NESR) ha avviato la costruzione di una struttura all'avanguardia di 180.000 m² presso il King Salman Energy Park (SPARK) in Arabia Saudita. Dopo una cerimonia di posa della prima pietra a febbraio, a cui hanno partecipato importanti leader del settore, tra cui il presidente di Saudi Aramco Upstream e i dirigenti di SPARK.
La struttura sarà sviluppata in quattro fasi strategiche, con la prima fase dedicata alla transizione delle operazioni di fratturazione idraulica di NESR. Il progetto integrerà tecnologie di intelligenza artificiale e apprendimento automatico per l'ottimizzazione della perforazione, l'intervento sui pozzi e il miglioramento della produzione. L'obiettivo è aumentare l'efficienza attraverso la manutenzione predittiva e ridurre i tempi non produttivi.
Questo sviluppo è in linea con la Vision 2030 dell'Arabia Saudita, che punta alla localizzazione, al progresso tecnologico e al rafforzamento delle capacità manifatturiere nazionali nel settore energetico. La struttura fungerà da hub regionale per l'innovazione nei servizi per i campi petroliferi, con un focus sulla sostenibilità e il rispetto degli standard più elevati di sviluppo LEED.
National Energy Services Reunited Corp. (NESR) ha iniciado la construcción de una instalación de última generación de 180,000 m² en el King Salman Energy Park (SPARK) en Arabia Saudita. Tras un evento de inauguración en febrero, al que asistieron líderes clave de la industria, incluido el presidente de Saudi Aramco Upstream y ejecutivos de SPARK.
La instalación se desarrollará en cuatro fases estratégicas, enfocándose la primera en la transición de las operaciones de fracturamiento hidráulico de NESR. El proyecto incorporará tecnologías de inteligencia artificial y aprendizaje automático para la optimización de perforación, intervención en pozos y mejora de la producción. El objetivo es aumentar la eficiencia mediante mantenimiento predictivo y reducir el tiempo no productivo.
Este desarrollo está alineado con la Visión 2030 de Arabia Saudita, que enfatiza la localización, el avance tecnológico y el fortalecimiento de las capacidades de manufactura nacional en el sector energético. La instalación servirá como un centro regional de innovación en servicios petroleros, con un enfoque en la sostenibilidad y cumpliendo con los más altos estándares LEED.
National Energy Services Reunited Corp. (NESR)는 사우디아라비아 킹 살만 에너지 파크(SPARK)에 최첨단 180,000m² 규모 시설 건설을 시작했습니다. 2월 착공식에는 사우디 아람코 업스트림 사장과 SPARK 경영진 등 주요 업계 리더들이 참석했습니다.
이 시설은 네 단계의 전략적 단계로 개발되며, 첫 단계는 NESR의 수압파쇄 작업 전환에 중점을 둡니다. 이 프로젝트는 시추 최적화, 유정 개입 및 생산 향상을 위해 인공지능과 머신러닝 기술을 도입할 예정입니다. 시설은 예측 유지보수를 통해 효율성을 높이고 비생산 시간을 줄이는 것을 목표로 합니다.
이 개발은 현지화, 기술 발전 및 에너지 부문의 국내 제조 역량 강화에 중점을 둔 사우디아라비아 비전 2030과 부합합니다. 이 시설은 지속 가능성에 중점을 두고 최고 수준의 LEED 시설 개발 기준을 준수하며, 석유 서비스 혁신을 위한 지역 허브 역할을 할 것입니다.
National Energy Services Reunited Corp. (NESR) a entamé la construction d'une installation ultramoderne de 180 000 m² au King Salman Energy Park (SPARK) en Arabie Saoudite. Suite à une cérémonie de pose de la première pierre en février, à laquelle ont assisté des leaders clés de l'industrie, dont le président de Saudi Aramco Upstream et des cadres de SPARK.
Le site sera développé en quatre phases stratégiques, la première phase étant consacrée à la transition des opérations de fracturation hydraulique de NESR. Le projet intégrera des technologies d'intelligence artificielle et d'apprentissage automatique pour optimiser le forage, l'intervention sur les puits et l'amélioration de la production. L'objectif est d'accroître l'efficacité grâce à la maintenance prédictive et de réduire les temps d'arrêt non productifs.
Ce développement s'inscrit dans le cadre de la Vision 2030 de l'Arabie Saoudite, qui met l'accent sur la localisation, le progrès technologique et le renforcement des capacités de fabrication nationale dans le secteur de l'énergie. L'installation servira de centre régional d'innovation dans les services pétroliers, en mettant l'accent sur la durabilité et en respectant les normes de développement LEED les plus exigeantes.
National Energy Services Reunited Corp. (NESR) hat mit dem Bau einer hochmodernen Anlage mit 180.000 m² im King Salman Energy Park (SPARK) in Saudi-Arabien begonnen. Nach einer Grundsteinlegung im Februar, an der führende Branchenvertreter, darunter der Präsident von Saudi Aramco Upstream und SPARK-Führungskräfte, teilnahmen.
Die Anlage wird in vier strategischen Phasen entwickelt, wobei sich die erste Phase auf die Umstellung der hydraulischen Fracking-Operationen von NESR konzentriert. Das Projekt wird KI- und Machine-Learning-Technologien zur Bohroptimierung, Brunnenintervention und Produktionssteigerung integrieren. Ziel ist es, die Effizienz durch vorausschauende Wartung zu steigern und Stillstandszeiten zu reduzieren.
Diese Entwicklung steht im Einklang mit der Vision 2030 Saudi-Arabiens, die Lokalisierung, technologischen Fortschritt und die Stärkung der heimischen Fertigungskapazitäten im Energiesektor betont. Die Anlage wird als regionales Innovationszentrum für Ölfeld-Dienstleistungen dienen, mit Fokus auf Nachhaltigkeit und Einhaltung der höchsten LEED-Standards.
- Strategic expansion with 180,000m² state-of-the-art facility construction
- Implementation of advanced AI and machine learning technologies for operational efficiency
- Strengthening market position in Saudi Arabia through SPARK ecosystem integration
- Potential for increased operational efficiency through predictive maintenance systems
- Significant capital investment required for facility construction
- Phased development approach may delay full operational capacity
- Execution risks associated with large-scale facility construction
Insights
NESR's major Saudi facility signals strategic market positioning with key stakeholder support, advancing foothold in critical MENA energy hub.
NESR's commencement of construction on a 180,000m² facility at King Salman Energy Park represents a strategic expansion in Saudi Arabia's energy ecosystem. This development follows a February groundbreaking and employs a phased implementation approach, with hydraulic fracturing operations prioritized in the initial phase.
The facility's development in four strategic phases demonstrates a methodical expansion approach while the focus on integrating AI and machine learning technologies signals a commitment to operational efficiency improvements, particularly for drilling optimization and well intervention services. These technological enhancements could potentially reduce non-productive time and enable predictive maintenance capabilities - critical advantages in the competitive oilfield services sector.
Notably, the groundbreaking ceremony included Saudi Aramco Upstream President and SPARK Chairman Nasir K. Al-Naimi, indicating strong relationships with key regional customers. This high-level engagement suggests positive client reception and potential for preferential business opportunities within the Saudi energy sector.
The strategic positioning within SPARK, described as "a leading energy industrial ecosystem strategically located at the heart of the global energy market," places NESR at the center of Saudi Arabia's energy development ambitions. This ecosystem integration could create operational synergies and business development advantages beyond what a standalone facility might offer.
While financial details and completion timelines aren't disclosed, the alignment with Saudi Vision 2030 positions NESR to benefit from the Kingdom's broader industrial development initiatives, particularly in energy sector localization. The emphasis on sustainability through LEED standards also demonstrates alignment with evolving industry expectations around environmental performance.
The state-of-the-art facility will be a key asset in Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities
KING SALMAN ENERGY PARK, SAUDI ARABIA / ACCESS Newswire / April 21, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, proudly announces the start of construction on its cutting-edge industrial facility at King Salman Energy Park ("SPARK"), a leading energy industrial ecosystem strategically located at the heart of the global energy market.
The Company previously announced a groundbreaking event earlier this year in February, enabling a fast-paced approach to the building of its 180,000 m² state-of-the-art facility set to transform the region's oilfield services landscape.
The groundbreaking ceremony, held at SPARK, brought together prominent industry leaders, including Saudi Aramco Upstream President and SPARK Chairman Nasir K. Al-Naimi, SPARK President and CEO Mishal I. Al Zughaibi, and NESR Chairman and CEO Sherif Foda. Their participation underscores a united vision to accelerate innovation, localization, and sustainability in the Kingdom's energy sector.
Mishal I. Al Zughaibi said: "The groundbreaking of NESR's facility marks a significant milestone in SPARK's journey to becoming a global hub for energy, industry, and technology. This investment highlights the growing trust in SPARK's ecosystem and reinforces our role in enabling strategic partnerships that drive localization, innovation, and job creation-core pillars of Saudi Arabia's Vision 2030."
Sherif Foda, Chairman & CEO of NESR remarked: "The facility will serve as a vital hub within NESR in the Kingdom and the region, driving local talent development, creating job opportunities, focusing on sustainability and embracing the highest LEED facility development standards in the world under Saudi Arabia's ambitious plans for an energy-driven future."
NESR's new facility will be a key asset supporting Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities. Developed in four strategic phases, the NESR SPARK facility will introduce cutting-edge technologies for drilling optimization, well intervention, production enhancement, and sustainability solutions. In the first phase of development, NESR will transition its hydraulic fracturing operations to the new facility at SPARK, leveraging AI and machine learning to boost efficiency, enable predictive maintenance, and reduce non-productive time, positioning the facility as a pivotal hub for innovation in the regional oilfield services industry.
This investment aligns with Saudi Arabia's Vision 2030 and SPARK's mission, emphasizing localization, technological advancement, and the strengthening of domestic manufacturing and service capabilities within the energy sector. By establishing this advanced facility, NESR reaffirms its commitment to enhancing the MENA energy sector at large.
About NESR
Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in 16 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 faster 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.
About SPARK
SPARK is a leading industrial ecosystem with sustainability at its core, connecting the world to opportunities in the Saudi energy sector and beyond. As a national megaproject proudly driving socio-economic impact locally and globally, SPARK is simultaneously catalyzing the Kingdom's role in the global energy transition while offering a world-class ecosystem in the heart of the energy market for investors and tenants.
For media inquiries, please contact:
Lubna Hamdan
National Energy Services Reunited Corp.
971502670225
lubna@nesr.com
For inquiries regarding NESR, please contact:
Blake Gendron
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com
SOURCE: National Energy Services Reunited Corp.
View the original press release on ACCESS Newswire
FAQ
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