15 Best Energy Stocks to Buy Now - Insider Monkey
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NESR Secures $150 Million in Contract Awards with IOCs in the MENA Region
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HOUSTON, TX / ACCESSWIRE / June 2, 2021 / National Energy Services Reunited Corp. ( NESR ) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ( MENA ) region, today reported multiple contract awards with major international oil companies ( IOCs ) for Integrated Rigless Services ( Rigless Services ) and Drilling and Completion Fluids ( Completion Fluids ) in the MENA region which will be executed over the next three years for up to $150 million. These awards by IOCs showcase our ability to deliver on multi-service line contracts with complex workflows and are a vindication of our project management and execution capabilities to be a reliable partner to both international and national customers in the MENA region, said Sherif Foda, Chairman of the Board and Chief Executive Officer of NESR. Both these contracts are significant, with the Rigless Services award a step up from our traditional single