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About National Energy Services Reunited Corp (NESR)
National Energy Services Reunited Corp is a British Virgin Islands-based provider of integrated energy and oilfield services, operating predominantly in the Middle East, North Africa (MENA), and Asia Pacific regions. Specializing in both production services and drilling and evaluation solutions, the company leverages cutting-edge technologies and operational expertise to help customers optimize reservoir performance and access established energy reserves more efficiently.
Core Business Segments
NESR delivers a comprehensive suite of services that are divided into two main segments:
- Production Services: This segment offers a range of field services including hydraulic fracturing, cementing, coiled tubing operations, filtration, completions, stimulation, pumping, and nitrogen injection. These services are designed to unlock the full potential of oil and gas reservoirs and aid in optimized production.
- Drilling and Evaluation Services: Focused on the upstream segment, this business area provides specialized drilling services such as directional drilling and workover operations, along with well evaluation tools. Services extend to drilling downhole tools, fishing tools, wireline and slickline solutions, drilling fluids, and rig support, ensuring efficient and safe access to subsurface resources.
Integrated Energy Solutions and Technological Advancements
Recognizing the importance of technological evolution, NESR invests in advanced drilling systems and water management solutions. Its deployment of state-of-the-art directional drilling technologies and recent strategic investments in water recovery processes underscore its commitment to incorporating innovative solutions that address operational challenges in harsh environments. The integration of these technologies helps maintain service quality and operational efficiency across varied terrains and market conditions.
Market Position and Geographical Presence
NESR is uniquely positioned as a national champion in the MENA region, with extensive operations across major oil and gas basins. Its listing on major U.S. exchanges has bolstered its market credibility and enhanced access to capital, supporting its operational and strategic initiatives. This robust geographical footprint, combined with a workforce representing over 60 nationalities, has enabled NESR to cultivate a diverse skillset and deep regional market insights.
Competitive Landscape and Value Proposition
Operating in a competitive environment marked by fluctuations in commodity markets and evolving regulatory frameworks, NESR differentiates itself through its integrated service model. By offering a full spectrum of production and evaluation services under one umbrella, the company minimizes logistical complexities for oil and gas producers. Its emphasis on technological integration and efficient execution further reinforces its market position as it competes with both global and regional service providers.
Commitment to Operational Excellence
At the heart of NESR’s business strategy is a rigorous focus on operational excellence and cost-effective service delivery. The company’s continuous process improvements in project execution, back-office support, and technological adaptation are integral to its sustained performance and profitability. These factors contribute to a compelling value proposition for stakeholders, ensuring that NESR remains a trusted partner in the energy sector.
Investor Focus and Transparency
For investors, NESR presents a distinctive case study in regional expertise, operational depth, and the effective use of technological enhancements within the energy services sector. Detailed disclosures on service performance, balanced financial reporting, and a strong emphasis on execution efficiency exemplify the company’s commitment to transparency and accountability, reinforcing its overall authoritativeness in the market.
Summary
National Energy Services Reunited Corp stands out as a comprehensive energy services provider offering a wide range of production and drilling evaluation solutions. Its integrated approach, bolstered by a focus on advanced technologies and operational efficiency, makes it a key player in the MENA and Asia Pacific regions. The company’s established market presence, combined with a commitment to continuous improvement, reflects its ability to adapt and thrive in a competitive and dynamic industry environment.
National Energy Services Reunited Corp. (NASDAQ:NESR, NESRW) will announce its Q4 2020 financial results on February 24, 2021, followed by a conference call at 8:00 AM ET. The company offers integrated energy services across the MENA and Asia Pacific regions, providing production and drilling services aimed at optimizing reservoir potential. With over 5,000 employees across 15 countries, NESR plays a prominent role in the oilfield services sector.
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.
National Energy Services Reunited Corp. (NASDAQ:NESR, NESRW) will participate in two key virtual investor conferences in January 2021. On January 7, Sherif Foda, the Company’s CEO, will engage in a Fireside Chat at the National Bank Financial 11th Annual Energy Conference. Additionally, Foda will present at the Peters & Co. 28th Annual Winter Energy Conference on January 13 at 1:40 PM CT. Established in 2017, NESR is a leading oilfield services provider in the MENA and Asia Pacific, employing over 5,000 professionals across more than 15 countries.
Petroleum Development Oman (PDO) has partnered with Gulf Energy SAOC (GES) to create 600 job opportunities for Omanis over the next four years. As part of its In-Country Value program, PDO will employ 150 Omanis annually in various fields, including Wells Construction and Industrial Services. This initiative supports Oman Vision 2040 by enhancing local capabilities and job localization. The agreement was signed under the auspices of the Minister of Energy and Minerals, further affirming commitment to developing the Omani workforce both locally and internationally.
National Energy Services Reunited Corp. (NASDAQ:NESR, NASDAQ:NESRW) will participate virtually in the Capital One Securities 15th Annual Energy Conference from December 7 to 9, 2020. The senior management team will be available for one-on-one meetings with investors during the event. Founded in 2017, NESR is a leading provider of integrated energy services in the Middle East, North Africa, and Asia Pacific, employing over 5,000 professionals across 15 countries. The company offers a range of Production and Drilling Services.
National Energy Services Reunited Corp. (NESR) reported strong financial results for Q3 2020, with revenue of $218 million, marking a 35% year-over-year increase. Net income rose to $12 million, an 11% increase sequentially, while diluted EPS was $0.13. The adjusted EBITDA reached $56 million, up 17% year-over-year. Free cash flow improved to $9 million. The acquisition of Sahara Petroleum Services was finalized, and the company has plans for further contract awards. Cash and equivalents stood at $50.5 million.
National Energy Services Reunited Corp. (NASDAQ:NESR, NASDAQ:NESRW) announced significant contract extensions and awards valued over $1 billion with Gulf Energy SAOC in Oman by Petroleum Development of Oman (PDO). The contracts cover Cementing, Coil Tubing, Stimulation, and more, extending up to nine years with a main term of five years. These awards reinforce NESR’s presence in Oman, facilitating growth and technology advancements while supporting local workforce development as part of its ESG strategy.
National Energy Services Reunited Corp. (NESR) announced that it will release its third quarter 2020 financial results on October 28, 2020. A conference call is scheduled for 8:00 AM ET the same day to discuss these results. NESR is a key player in oilfield services within the MENA and Asia Pacific regions, providing essential production and drilling services. Founded in 2017, the Company employs over 5,000 personnel across multiple countries, focusing on helping clients maximize their reservoir efficiency.
National Energy Services Reunited Corp. (NASDAQ:NESR, NASDAQ:NESRW) will participate virtually at the Peters & Co. Limited 2020 Energy Conference from September 14 to September 17, 2020. The senior management team will engage in one-on-one meetings with investors, while Sherif Foda, Chairman and CEO, is set to present on September 17 at 9:50 AM CT. Founded in 2017, NESR provides industry-leading integrated energy services in the Middle East, North Africa, and Asia Pacific, employing over 5,000 staff across 15 countries.
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