National Energy Services Reunited Corp (Nasdaq:NESR) said it secured several multi-year Cementing contracts valued at approximately USD $300 million, strengthening its MENA cementing leadership for the next five years. Awards include a significant contract in Kuwait and multiple awards across North Africa, supporting expansion into Libya and beyond.
The company attributes the awards to regional activity trends, its Gulf-scale cementing capabilities, and strategic counter-cyclical investments.
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Positive
$300 million in multi-year cementing contracts
Contracts secure cementing leadership for the next five years
Major award establishes a solid Kuwait presence
New North Africa awards enable rapid expansion into Libya
Negative
Awards are forward-looking and subject to risks and uncertainties per company cautionary statement
This announcement highlighted multi-year Cementing awards totaling USD $300 million, reinforcing NESR’s Cementing position in MENA for roughly five years and signaling continued regional activity. The company also emphasized its broader service mix, workforce of over 7,000 employees across 16 countries, and standard forward-looking risk language. Investors may want to track subsequent SEC filings, contract execution updates, and any follow-on news that clarifies margins, capital needs, or expansion pace tied to these awards.
Key Figures
Cementing contracts value:USD $300 millionContract duration:five yearsFounding year:2017+3 more
6 metrics
Cementing contracts valueUSD $300 millionMulti-year Cementing contract awards in MENA region
Contract durationfive yearsPeriod solidifying Cementing position in MENA
Founding year2017Year NESR was founded
Employeesover 7,000 employeesWorkforce size across NESR operations
Nationalitiesmore than 60 nationalitiesDiversity of NESR workforce
Countries of operation16 countriesNESR operating footprint
Key Terms
hydraulic fracturing, cementing, coiled tubing, directional drilling, +3 more
7 terms
hydraulic fracturingtechnical
"providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing"
Hydraulic fracturing is a method for extracting oil and natural gas that involves injecting pressurized fluid and small solid particles into underground rock to create and hold open tiny cracks, allowing trapped fuel to flow to a well. For investors, it matters because successful fracturing can sharply increase a well’s output and revenue potential, while also carrying higher upfront costs, regulatory scrutiny, and environmental risks that can affect a company’s value.
cementingtechnical
"multi-year Cementing contract awards valued at approximately USD $300 million"
Cementing is the process in oil and gas drilling where a fluid cement mixture is pumped into the gap between the steel pipe and the rock to lock the pipe in place and seal off different underground layers—think of placing wet concrete around a fence post so it won’t move and liquids can’t pass around it. Investors care because good cementing ensures well integrity and steady production, reduces the risk of leaks or costly repairs, and affects regulatory compliance and project economics.
coiled tubingtechnical
"Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration"
Coiled tubing is a long, flexible length of pipe wound on a large reel that can be unspooled and pushed into oil and gas wells to clean, repair, measure, or perform light drilling without removing the main wellhead. Think of it like a continuous garden hose or fishing line that lets technicians reach deep down quickly and repeatedly. Investors care because coiled tubing services affect production uptime, repair costs and service-company revenue; efficient use can lower operating expenses and speed returns on well investments.
directional drillingtechnical
"providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling"
Directional drilling is a method of guiding a drill to follow a specific path underground, rather than drilling straight down. This technique allows companies to reach oil and gas deposits that are not located directly beneath the surface, often avoiding obstacles or reaching multiple targets from a single surface point. For investors, it means more efficient resource extraction and potentially lower costs, which can impact the profitability of energy companies.
slicklinetechnical
"Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services"
A slickline is a single, smooth metal wire run into an oil or gas well to lower and retrieve simple tools, gauges, and plugs for routine checks, small repairs, and measurements. Think of it like a fishing line lowering a sensor or hook into deep water: it lets operators diagnose or fix problems quickly and cheaply without major equipment, so slickline work can reduce downtime, cut operating costs and affect short-term production and repair budgets—key details for investors.
drilling fluidstechnical
"Wireline, Slickline, Drilling Fluids and Rig Services"
Drilling fluids are engineered liquids or gels pumped down a drill hole to cool and lubricate the drill bit, carry rock fragments to the surface, and keep underground pressures under control — think of them as the circulation system that keeps a borehole stable and clean. Investors care because the choice and performance of these fluids affect drilling speed, cost, safety, and environmental compliance, all of which influence project schedules, budgets and returns.
forward-looking statementsregulatory
"Statements contained in this press release that are not historical fact may be forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
HOUSTON, TX / ACCESS Newswire / March 16, 2026 / 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 that it has secured several, multi-year Cementing contract awards valued at approximately USD $300 million.
These contracts, which solidify NESR's leading MENA position in Cementing for the next five years, encompass a significant award in Kuwait and several prominent awards in North Africa. The awards are reflective of the positive activity trends across the region, and leverage both NESR's existing Cementing leadership across the Gulf, as well as the Company's strategic, counter-cyclical investment commitment.
Sherif Foda, Chairman and Chief Executive Officer said, "Based on our philosophy of fortifying our biggest segments in core countries and pulling-through these capabilities to new areas, we are pleased to see these new awards that solidify our leading position in Cementing for years to come. The benefit of regional scale in segments like Cementing include operational agility and the ability to enhance our offering with new technologies. We're honored to now have such a solid position in Kuwait, and humbly thank our dearest clients for their trust. New awards across North Africa demonstrate our ability to expand quickly outside of our core Gulf footprint, and underscore the growth potential in Libya and beyond."
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.
For media inquiries, please contact:
Lubna Hamdan National Energy Services Reunited Corp. 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
What contracts did NESR announce on March 16, 2026 and what is their value?
NESR announced several multi-year Cementing contracts valued at approximately USD $300 million. According to the company, the awards span Kuwait and multiple North Africa locations and underpin its cementing position over the next five years.
How long will the NESR cementing contracts awarded March 16, 2026 support operations?
The company says the contracts solidify its cementing position for the next five years. According to NESR, the multi-year nature provides predictable activity and supports regional scale and operational agility across MENA markets.
Which regions are included in NESR's March 16, 2026 cementing awards (Nasdaq:NESR)?
Awards include a significant contract in Kuwait and several awards across North Africa. According to NESR, the North Africa awards support quick expansion notably into Libya and nearby markets.
What strategic benefits did NESR cite for the $300 million cementing wins?
NESR highlighted regional scale, operational agility, and technology enhancement as strategic benefits of the awards. According to the company, these contracts leverage its Gulf leadership and counter-cyclical investment stance to expand service reach.
Do the NESR cementing contracts announced March 16, 2026 guarantee future performance?
No; NESR cautioned that forward-looking statements are subject to risks and uncertainties and do not guarantee future results. According to the company, readers should consult SEC filings for related risk factors.
What does the Kuwait award mean for NESR shareholders and market position?
The Kuwait award establishes a solid foothold in a core Gulf market and reinforces regional cementing leadership. According to NESR, this contract, combined with North Africa awards, supports growth and scale across its MENA operations.
