National Energy Services Reunited Corp. (NESR), an international, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) region, announced that its subsidiary, Gulf Energy, successfully completed negotiations with multiple clients in Oman to extend existing Well Intervention contracts for up to five (5) years.
Based on the Company’s excellent service delivery and new technology introductions across various fields that have resulted in exceptional well productivity increases, the new contracts range in duration for different clients and reflect the strong, mutual trust with the client base in an improving oilfield services landscape.
NESR CEO & Chairman Sherif Foda commented, “The success of Gulf Energy in its in-country value (“ICV”) and Omanization initiatives clearly reflects NESR’s broader localization ambition as National Champion of the MENA region. Our foremost goal is to hire and train Omanis, and cultivate Omani R&D and manufacturing to support our operations. These key contract extensions underscore the value that the Company has been delivering through both unmatched service execution and also technology implementation with a focus on operational decarbonization. I sincerely thank our esteemed customers in Oman for their support of Gulf Energy, which remains a key cornerstone of the NESR growth platform as a whole.”
