National Energy Services Reunited Corp. Announces Multi-Year Contract Awards in North Africa and Gulf Regions
These contracts are in line with National Energy Services Reunited Corp. (NESR)'s long-term strategic plan and will place the Company on a strong footing going into 2019 and beyond
Houston, United States of America, December 17, 2018/ -- National Energy Services Reunited Corp. (''NESR'') (NASDAQ: NESR) (NASDAQ: NESRW) (www.NESR.com), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (''MENA'') region, today reported awards of major multi-year contracts in North Africa and the Gulf region for its Drilling & Evaluation product line, reinforcing its ability to create cross-selling opportunities and revenue synergies as a combined company. These contracts are in line with NESR's long-term strategic plan and will place the Company on a strong footing going into 2019 and beyond.
''These awards help to substantiate NESR's strategy to expand its Drilling Tools, Fishing and Remedial services portfolio from its core operations in Oman, consolidating our leading market position,'' said Sherif Foda, Chairman of the Board and CEO of NESR. ''These market share gains are important stepping stones in expanding our business lines and diversifying our service portfolio in the area. It highlights the accelerated pace of our integration along with the strong relationships we have with our customers in the region and their confidence in our ability to deliver across multiple sectors.''
Foda added, ''These contract achievements amplify our local manufacturing presence with a larger base. It will solidify in-country spending and is critical to the evolution of the Company's In-Country Value strategies.''
Distributed by APO Group on behalf of National Energy Services Reunited Corp.
Media Contact:
Dhiraj Dudeja
NESR Corp.
832-925-3777
or
Joseph Caminiti or Steve Calk
Alpha IR Group
312-445-2870
About National Energy Services Reunited Corp.
Founded in 2017, NESR (www.NESR.com) is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,200 employees, representing more than 40 nationalities in over 14 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Fracturing, and Nitrogen Services. The Company also helps its customers to access the reservoirs in a smarter and faster manner by providing Drilling and Evaluation services like Drilling Downhole Tools, Directional Drilling Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services.
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National Energy Services Reunited Corp
