National Energy Services Reunited (NESR), an international, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has been awarded a long-term contract for Directional Drilling services in Saudi Arabia, for up to four years.
The multi-year contract covers Directional Drilling (DD), Measurement While Drilling (MWD), Performance Drilling, Well Engineering and Logging While Drilling (LWD) services. This award reflects the culmination of several years of research and development investment in several field trials to demonstrate NESR’s ability to drill and deliver vertical and directional wellbores in record times with leading-edge technologies.
Over the last year, NESR’s successful partnership with Phoenix Technology Services (PHX) has led to several DD records across several fields which have saved significant drilling time for customers. This award also provides NESR the platform for the introduction of next-generation technologies in the drilling and measurement spheres which the Company anticipates introducing over the course of this contract.
Sherif Foda CEO & Chairman NESR
“These awards represent a major milestone in our growth strategy to establish NESR as one of the major players in the Directional Drilling market and pave the way to introduce our next-gen technologies which enable our customers to get access to best-in-class technologies being adopted globally. We are very proud of our partnership with John Hooks and PHX for their highly differentiated Velocity MWD system and Atlas motors which along with our Well Engineering capabilities have led us to showcase to our customers what can be achieved in terms of drilling efficiencies that have exceeded or met field standards in a large majority of our runs.”
“I would like to thank our valued customers for their trust in our R&D and service delivery platform, particularly in this technologically sophisticated realm of the OFS market, where NESR is focusing on its innovative model of importation of global partnership technologies into MEA, investments in technology companies globally with the aim of jump-starting our local engineering and manufacturing investments as we plan for our future state-of-the-art facility in the King Salman Energy Park, “SPARK,” added Mr. Foda.
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