National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple, five-year downhole drilling contract awards in Kuwait, totaling US$100 million.
These incremental, multi-year awards span a number of Drilling & Evaluation ("D&E") segments, including Fishing & Remedial Services, Downhole Tools, Tubing & Casing Running, and scope for other advanced drilling services. These awards reflect continued NESR leadership in an important sector of drilling services, extended from the Company's strong position in Oman, and in a Kuwait market that remains a bastion for robust activity growth within the MENA region.
NESR CEO & Chairman Sherif Foda commented, "These awards further cement our position in Kuwait, following our recently announced contract win in Slickline, and support our advancement across a broad swath of services within D&E. We sincerely thank our dear clients for their trust in our capabilities, support of our healthy investment in people and innovation in the country, especially with the significant investment we are undertaking for the AIV Advanced Innovation Valley to enhance our position as one of the preferred service leaders in Kuwait."