Saudi Aramco Awards $300 Million Integrated Conventional Fracturing Contract to NESR

DHAHRAN, SAUDI ARABIA / ACCESSWIRE / April 18, 2022 / Nationwide Electrical power Companies Reunited Corp. (“NESR” or “the Company”) (NASDAQ:NESR)(NASDAQ:NESRW), an intercontinental, sector-major service provider of integrated vitality products and services in the Middle East and North Africa (“MENA”) area, has announced that the company has been awarded 1 of the key contracts for Built-in Rig-fewer Stimulation and Screening Products and services (“Conventional Fracturing”) in Saudi Arabia. These contracts are for a overall interval of 3 a long time with an selection for a further more extension of two decades and are really worth around USD $300 million covering fracturing, tests, wireline, coiled tubing, slickline services and all connected chemistry, logistics and web-site products and services to conduct these operations.

NESR CEO & Chairman Sherif Foda commented, “We had been the first countrywide provider service provider in the region to productively execute many built-in stimulation jobs across the region and we are particularly proud to have been selected amongst a limited list of company vendors for this flagship fracturing award. We appear ahead to delivering progressive procedures and technologies to consider this project to the subsequent level as our shopper potential customers the way in technologies adoption and effectiveness. In addition, we appear forward to performing intently with Saudi Aramco, in line with their net-zero and sustainability targets, to limit the carbon footprint of these functions, introduce breakthrough Zero Liquid Discharge technologies to recycle the produced drinking water, and to supply minerals and freshwater not only to the operations but to the neighborhood all-around us. It is generally a satisfaction to function carefully with Saudi Aramco not only as the world’s most trustworthy energy supplier but also as a earth class technology incubator and adopter of disruptive innovations.”

About Nationwide Strength Expert services Reunited Corp.

Established in 2017, NESR is a single of the premier countrywide oilfield providers providers in the MENA and Asia Pacific areas. With more than 5,000 staff members, representing extra than 60 nationalities in above 15 nations around the world, the Enterprise allows its customers unlock the full prospective of their reservoirs by delivering Manufacturing Products and services these types of as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also will help its buyers to access their reservoirs in a smarter and speedier fashion by supplying Drilling and Evaluation Companies these types of as Drilling Downhole Equipment, Directional Drilling, Fishing Tools, Tests Solutions, Wireline, Slickline, Drilling Fluids and Rig Services.

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For inquiries concerning NESR, you should call:

Blake Gendron – VP Investor Relations & Business enterprise Development
National Vitality Products and services Reunited Corp.
832-925-3777
[email protected]

Supply: National Electrical power Expert services Reunited Corp.

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