National Energy Services Reunited Corp. (NASDAQ: NESR) is one of the largest oil and gas services provider in the Middle East, North Africa and Asia (“MENA”) region. The Company delivers drilling, customized well services and support to customers in the Middle East, North Africa and Far East Asia. NESR service lines include well services, electric line logging, well testing, and integrated drilling and work over operations. The Company is recognized for both product quality and service deliverability and are widely engaged by leading operators around the world.
NESR began as a special purpose acquisition company designed to invest in the oil and gas services space globally in May 2017. In November 2017, NESR announced the acquisitions of two of the most prominent oilfield services companies in the MENA region: Gulf Energy SAOC (GES) and National Petroleum Services (NPS). These transactions and the formation of NESR as an operating entity was completed in May 2017.
NESR is the first and only NASDAQ-listed national oilfield services company in the MENA region. This is the first time a national oilfield services company will have the scale to compete in most of the major markets in the region and provides a platform to accelerate growth and bring new technology to the region.
Over the last decade, NESR has cultivated strong partnerships with its international and national customers, key suppliers and technology partners in the MENA region. NESR expects to accelerate its growth in the coming years, leveraging both its larger scale and exposure to North America. NESR’s ultimate goal is to leverage its competitive advantages to create the first in-region global player that brings world-class service to customers, prioritizes regional investments, and ultimately becomes the preferred vehicle for future investment in the thriving EMEA region.
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