National Energy Services Reunited Corp. Successfully Starts Unconventional Fracturing Operations in Saudi Arabia
Thu, 30 Jan 2020 14:31:08
EQS-News: National Energy Services Reunited Corp. Successfully Starts Unconventional Fracturing Operations in Saudi Arabia
DHAHRAN, SAUDI ARABIA / ACCESSWIRE / January 30, 2020 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific, today reported the successful start of integrated unconventional fracturing operations in Saudi Arabia. With this project, NESR becomes the first national company in the region to successfully kickoff unconventional fracturing simultaneous operations while also providing integrated project management, hydraulic fracturing, coiled tubing, wireline and perforating, completion tools, and testing services.
Dr. Mohammed Y. Al-Qahtani, Saudi Aramco's Senior Vice President for Upstream, commented: "I am pleased to see a local company like NESR successfully commence these complex and challenging operations in Kingdom. Unconventional operations are a critical component of this project to produce natural gas in order to serve domestic needs, provide feedstock for the chemical industry, and spur regional economic development in line with Vision 2030, the Kingdom's national transformation program. I wish NESR and the team success in the execution of these operations."
Khaled al-Abdulqader, Saudi Aramco's Executive Director of Unconventional Resources, added: "I congratulate NESR and its technical partners for their strong contribution to date. I am pleased to see NESR's quick adaption to Saudi Aramco's systems and their participation in introducing new technologies, which helped efficient frac stages delivery. This is a good example of a local national company competing at global scale and at the same time contributing strongly to the "In Kingdom Total Value Add Program" by developing the Saudi labor force and utilizing local suppliers."
"The start of integrated unconventional fracturing operations is a significant landmark for NESR and the region," said Sherif Foda, Chairman of the Board and CEO of NESR. "We are the first national service provider in the region to successfully commence unconventional fracturing simultaneous operations of this technological, operational and logistical complexity and scale. To deliver this at such a high level, without having had any experience in it previously, is a credit to our strong partnership with Aramco and their leadership. In order to successfully kickoff our operations and deliver these exceptional stage efficiency levels, we have leveraged the technology and knowledge base of NexTier Oilfield Solutions (NYSE:NEX), one of the best technology companies in the USA, who have been leading innovation in the unconventional space in North America. I would like to take this opportunity to thank Saudi Aramco for reposing their faith in us to deliver this very important project."
About National Energy Services Reunited Corp.
Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 4,000 employees, representing more than 40 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services.
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Christopher Boone or Dhiraj Dudeja
SOURCE: National Energy Services Reunited Corp.