National Energy Services Reunited Corp., an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arabia. These contracts are for a total period of three years with an option for a further extension of two years and are worth approximately USD $300 million covering fracturing, testing, wireline, coiled tubing, slickline services and all associated chemistry, logistics and site services to conduct these operations.
NESR CEO & Chairman Sherif Foda commented, "We were the first national service provider in the region to successfully execute multiple integrated stimulation projects across the region and we are extremely proud to have been selected among a short list of service providers for this flagship fracturing award. We look forward to delivering innovative processes and technologies to take this project to the next level as our client leads the way in technology adoption and efficiency. In addition, we look forward to working closely with Saudi Aramco, in line with their net-zero and sustainability goals, to minimize the carbon footprint of these operations, introduce breakthrough Zero Liquid Discharge technologies to recycle the produced water, and to provide minerals and freshwater not only to the operations but to the community around us. It is always a pleasure to work closely with Saudi Aramco not only as the world's most reliable energy provider but also as a world class technology incubator and adopter of disruptive innovations."