NESR Secures $300 Million in Multiple Services & Technology Contracts in Kuwait

Rhea-AI Summary

NESR (Nasdaq: NESR) announced multiple contract awards in Kuwait totaling $300 million over five years. The awards cover both Production Services and Drilling & Evaluation segments and include a Master Technology Agreement to deploy NESR's Open Technology Platform via its in-country research hub.

According to NESR, these contracts will support technology deployment tailored to Kuwait's upstream sector and are linked to the Ahmadi Innovation Valley research center. NESR also highlighted its first Joint Operations intervention contract and a surface Well Testing contract with KOC in Kuwait.

Positive

• $300 million in Kuwait contract awards over five years
• Awards span both Production Services and Drilling & Evaluation segments
• Inclusion of a Master Technology Agreement for Open Technology Platform deployment
• First Joint Operations intervention and surface Well Testing contracts in Kuwait

Negative

• None.

Market Context

Recent insider activity was recorded as Net Selling, with 4,600,202 shares sold and no shares bought...

Analysis

Recent insider activity was recorded as Net Selling, with 4,600,202 shares sold and no shares bought. Against the contract awards, the active S-3ASR is a resale registration; investors can monitor contract execution and disclosed selling activity.

Key Figures

Contract awards: $300 million Contract duration: five years

2 metrics

Contract awards $300 million Multiple Kuwait contracts

Contract duration five years Multiple Kuwait contracts

Historical Context

5 past events · Latest: May 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 12	Investor events	Neutral	-0.6%	Participation in investor roadshows, conferences, and global energy events
May 11	Quarterly earnings	Positive	+10.1%	Q1 revenue growth, profitability, dividend plans, and share repurchase authorization
May 04	Earnings scheduling	Neutral	-2.5%	Scheduled release of first-quarter financial results and conference call
Mar 16	Contract awards	Positive	+7.7%	Multi-year cementing contracts across Kuwait and North Africa
Feb 17	Quarterly earnings	Positive	+16.0%	Fourth-quarter revenue, EBITDA, cash flow, and net debt results

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

NESR's positive operational and earnings announcements were followed by gains, while routine investor-event notices were followed by declines.

Key Terms

master technology agreement, drilling & evaluation, surface well testing

3 terms

master technology agreement technical

"include a Master Technology Agreement ("MTA") that will facilitate the deployment"

A master technology agreement is a single, overarching contract that sets the standard terms for multiple technology-related deals between two parties — for example software licenses, development work, hosting, support, and intellectual property rules. Like an umbrella or blueprint, it saves time by avoiding re‑negotiation for each project and clearly states who owns or can use the technology, how payments and updates work, and how legal risks are allocated, which affects expected revenue, asset control and legal exposure for investors.

drilling & evaluation technical

"The awards span both Production Services and Drilling & Evaluation segments"

Drilling & evaluation means the process of creating wells or boreholes in the ground and then testing and analyzing the rock, fluids and data recovered to determine whether there are economically useful resources (like oil, gas or minerals) and how best to produce them. It matters to investors because the results reveal how big and accessible the resource is, how expensive it will be to develop, and how risky the project is — like digging exploratory holes in a yard to map where valuable treasure might be.

surface well testing technical

"a surface Well Testing contract with KOC"

Surface well testing is the process of measuring how much oil or gas flows from a drilled well at the surface and observing pressure and fluid characteristics to judge the well’s performance. For investors, it’s like taking a live reading of a machine to estimate how much product can be produced, how quickly revenue might start, and what ongoing costs or safety and regulatory issues could arise—information that directly affects cash flow forecasts and asset value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, Aug. 5, 2026 /PRNewswire/ -- National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq: NESR) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple contract awards in Kuwait, totaling $300 million over five years.

The awards span both Production Services and Drilling & Evaluation segments and include a Master Technology Agreement ("MTA") that will facilitate the deployment of NESR's Open Technology Platform through the Company's in-country research hub. Through these contracts, NESR will pioneer innovation and bring best-in-class technologies from around the world, tailoring them to the upstream ecosystem in Kuwait.

Sherif Foda, NESR's Chairman & Chief Executive Officer, commented, "I am extremely proud of the Ahmadi Innovation Valley, and am personally honored to be one the of the inaugural founders of such a futuristic beacon of technology development in Kuwait, under the visionary leadership of KPC & KOC. We are building a one-of-a-kind research center that will focus on several challenge-specific innovations in multiple disciplines across upstream, sustainability, and unconventional resources. Additionally, the award of our first Joint Operations intervention contract and a surface Well Testing contract with KOC solidify our position as one of the strongest players in the country and ensure that we will continue contributing positively to the Kuwait energy sector well into the future."

Cautionary Statement Regarding Forward-Looking Statements

Statements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in such filings.

You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update any forward-looking statements to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC.

About National Energy Services Reunited Corp.

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 7,000 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nesr-secures-300-million-in-multiple-services--technology-contracts-in-kuwait-302843183.html

SOURCE NATIONAL ENERGY SERVICES REUNITED

FAQ

What did NESR (NASDAQ: NESR) announce about new contracts in Kuwait on August 5, 2026?

NESR announced multiple contract awards in Kuwait totaling $300 million over five years. According to NESR, the awards span Production Services and Drilling & Evaluation segments and are tied to deploying technology through its in-country research hub and Ahmadi Innovation Valley.

How large are the new NESR Kuwait contracts and what is their duration?

The new Kuwait contracts for NESR total $300 million over a five-year period. According to NESR, these multi-year awards provide visibility across Production Services and Drilling & Evaluation segments, supporting ongoing technology deployment in Kuwait’s upstream energy sector.

Which service segments are covered by NESR’s $300 million Kuwait contracts?

NESR’s Kuwait contracts cover both Production Services and Drilling & Evaluation segments. According to NESR, this mix aligns with its integrated energy services model and supports the rollout of its Open Technology Platform through a dedicated in-country research hub in Kuwait.

What is the Master Technology Agreement mentioned in NESR’s Kuwait announcement?

The Master Technology Agreement enables deployment of NESR’s Open Technology Platform in Kuwait. According to NESR, it will operate through the company’s in-country research hub, helping tailor global technologies to Kuwait’s upstream ecosystem and supporting challenge-specific innovation projects.

How do the new Kuwait awards affect NESR’s position in the country’s energy sector?

NESR states the new awards strengthen its position as a key Kuwait service provider. According to NESR, its first Joint Operations intervention contract and a surface Well Testing contract with KOC reinforce its role in supporting Kuwait’s upstream and sustainability-focused initiatives.