NESR Secures Multiple Awards in North Africa Exceeding $100 Million
National Energy Services Reunited Corp. (NASDAQ:NESR) has secured multiple Production Services contracts in Algeria and Libya with a combined value exceeding $100 million. The contracts, ranging from three to five years, cover essential services including Coiled Tubing, Nitrogen & Pumping Services, Cementing and Hydraulic Fracturing.
These strategic wins strengthen NESR's regional leadership in North Africa, where the company operates with 100% national crews. The company, founded in 2017, serves as one of the largest national oilfield services providers in the MENA and Asia Pacific regions, employing over 6,000 workers across 16 countries.
National Energy Services Reunited Corp. (NASDAQ:NESR) ha ottenuto più contratti per servizi di produzione in Algeria e Libia per un valore complessivo superiore a $100 milioni. I contratti, della durata compresa tra tre e cinque anni, coprono servizi essenziali come Coiled Tubing, servizi di azoto e pompaggio, cementazione e fratturazione idraulica.
Questi successi strategici rafforzano la leadership regionale di NESR nel Nord Africa, dove la società opera con equipaggi interamente nazionali. Fondata nel 2017, NESR è tra i maggiori fornitori nazionali di servizi petroliferi nelle regioni MENA e Asia-Pacifico, impiegando oltre 6.000 lavoratori in 16 paesi.
National Energy Services Reunited Corp. (NASDAQ:NESR) ha conseguido múltiples contratos de servicios de producción en Argelia y Libia por un valor conjunto superior a $100 millones. Los contratos, con duraciones de tres a cinco años, cubren servicios esenciales como coiled tubing, servicios de nitrógeno y bombeo, cementación y fracturación hidráulica.
Estos acuerdos estratégicos refuerzan el liderazgo regional de NESR en el Norte de África, donde la compañía opera con tripulaciones 100% nacionales. Fundada en 2017, es uno de los mayores proveedores nacionales de servicios petroleros en las regiones MENA y Asia-Pacífico, con más de 6.000 empleados en 16 países.
National Energy Services Reunited Corp. (NASDAQ:NESR)가 알제리와 리비아에서 총 가치가 $100 million을 초과하는 여러 건의 생산 서비스 계약을 체결했습니다. 계약 기간은 3년에서 5년으로, 코일드 튜빙(Coiled Tubing), 질소 및 펌핑 서비스, 시멘팅(시멘팅) 및 유압 파쇄(수압 파쇄) 등 핵심 서비스를 포함합니다.
이 같은 전략적 수주는 북아프리카에서 NESR의 지역적 리더십을 강화하며, 회사는 해당 지역에서 100% 국내 인력으로 운영되고 있습니다. 2017년에 설립된 이 회사는 MENA 및 아시아·태평양 지역에서 가장 큰 국내 오일필드 서비스 제공업체 중 하나로, 16개국에서 6,000명 이상의 직원을 고용하고 있습니다.
National Energy Services Reunited Corp. (NASDAQ:NESR) a décroché plusieurs contrats de services de production en Algérie et en Libye, pour une valeur totale supérieure à 100 millions de $. Ces contrats, d'une durée de trois à cinq ans, couvrent des services essentiels tels que le coiled tubing, les services azote et de pompage, la cimentation et la fracturation hydraulique.
Ces gains stratégiques renforcent le leadership régional de NESR en Afrique du Nord, où la société opère avec des équipes 100 % nationales. Fondée en 2017, elle figure parmi les principaux prestataires nationaux de services pétroliers dans les régions MENA et Asie-Pacifique, employant plus de 6 000 personnes dans 16 pays.
National Energy Services Reunited Corp. (NASDAQ:NESR) hat in Algerien und Libyen mehrere Verträge für Produktionsdienstleistungen mit einem Gesamtvolumen von über 100 Mio. $ gesichert. Die Verträge, mit Laufzeiten von drei bis fünf Jahren, umfassen zentrale Leistungen wie Coiled Tubing, Stickstoff- und Pumpservices, Zementierung und hydraulisches Fracking.
Diese strategischen Abschlüsse stärken NESRs regionale Führungsposition in Nordafrika, wo das Unternehmen mit 100% nationalen Crews arbeitet. Das 2017 gegründete Unternehmen gehört zu den größten nationalen Ölfeld-Dienstleistern in den Regionen MENA und Asien-Pazifik und beschäftigt über 6.000 Mitarbeiter in 16 Ländern.
- Contract awards exceed $100 million in total value
- Long-term contracts ranging from 3-5 years provide stable revenue stream
- Expansion of core services in strategic North African markets
- 100% local workforce deployment demonstrates strong regional integration
- Exposure to geopolitical risks in Libya and Algeria
- Potential execution risks in managing multiple concurrent contracts
Insights
NESR secured $100M+ in North African contracts, strengthening regional position and revenue visibility with 3-5 year service agreements.
NESR has secured multiple Production Services contracts in Algeria and Libya with a combined value exceeding
The magnitude of these awards is particularly notable as they strengthen NESR's existing market leadership in their primary service segments within North Africa. The multi-year nature of these contracts provides valuable stability to NESR's revenue stream through at least 2028-2030, depending on the specific contract terms.
These contracts reflect growing energy sector activity in North Africa, with NESR's CEO highlighting "steady activity growth" across these key markets. The company's strategy of maintaining strong local presence and investing "countercyclically" appears to be yielding results in securing long-term business. Their approach of operating with 100% national crews likely provides both cost advantages and strengthens relationships with national oil companies in the region.
For context, NESR operates across 16 countries with approximately 6,000 employees. These North African contracts reinforce the company's position in what they identify as key "anchor countries" in their regional strategy, potentially providing a platform for future expansion in these markets.
HOUSTON, TX / ACCESS Newswire / August 13, 2025 / 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 the award of multiple Production Services contracts in Algeria and Libya, with total value estimated to exceed USD
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. These wins solidify and extend NESR's 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
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 may relate to, among other things, the Company's expectations regarding the exchange offer and consent solicitation. 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 6,000 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.
For media inquiries, please contact:
Lubna Hamdan
National Energy Services Reunited Corp.
971502670225
lubna@nesr.com
For inquiries regarding NESR, or for investor queries, please contact:
Blake Gendron
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com
SOURCE: National Energy Services Reunited Corp
View the original press release on ACCESS Newswire
FAQ
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