The National Energy Services Reunited Corp. (NESR) an international provider of integrated energy services in the Middle East and North Africa region announced earlier in August the award of multiple Production Services contracts in Algeria and Libya, with total value estimated to exceed US$ 100 million.
The company did not give a breakdown of the contract to indicate what was the specific value for the Libya contract/contracts.
NESR said the contract awards, which vary from three to five years in duration, encompass core Production Services segments including Coiled Tubing, Nitrogen & Pumping Services, Cementing and Hydraulic Fracturing. It said these wins solidify and extend its regional leadership within these segments and reflect the steady activity growth materializing across key anchor countries in North Africa.
NESR CEO & Chairman Sherif Foda commented, “These awards not only enhance our existing leadership within our largest product lines, but also provide the platform upon which innovation and technology development can thrive in both Algeria and Libya. The activity growth in both countries remains solid, with several strategic projects in both oil and gas, and these wins reflect the commitment we’ve made to maintain our strong local presence, empower local talent by operating 100% with national crews, and invest countercyclically in the coming years to be the reliable and trusted provider to our customers.”
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