National Energy Services announces multi-year contract awards in North Africa
National Energy Services Reunited Corp. NESR, a national, industry-leading provider of integrated energy services in the Middle East and North Africa (''MENA'') region, has 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.''
