NESR Wins $100 Million Production Services Contracts in North Africa – African Peace Magazine

NESR Wins $100 Million Production Services Contracts in North Africa

NESR Wins $100 Million Production Services Contracts in North Africa

Oilfield service provider National Energy Services Reunited Corp. (NESR) has been awarded multiple production services contracts in Algeria and Libya with a combined value exceeding $100 million. The contracts, running for three to five years, cover key service agreements including coiled tubing, nitrogen and pumping services, cementing, and hydraulic fracturing.

Sherif Foda, CEO and Chairman of NESR, stated that the awards not only enhance the company’s existing leadership within their largest product lines but also provide a platform for innovation and technology development to thrive in both Algeria and Libya. The contracts strengthen NESR’s position as a leading service provider in the North African energy sector.

Source: energycapitalpower.com