NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia

NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia

The National Energy Services Reunited Corp (NESR) has announced that it has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services (“Conventional Fracturing”) in Saudi Arabia, Bloomberg reported.

The company elaborated that these contracts are worth $300 million and their total duration is three years with the option of being extended for two more years.

According to these contracts, NESR will provide fracturing, testing, wireline, coiled tubing, slickline services, and all associated chemistry, logistics, and site services to conduct these operations.

NESR CEO & Chairman Sherif Foda commented, “We were the first national service provider in the region to successfully execute multiple integrated stimulation projects across the region and we are extremely proud to have been selected among a short list of service providers for this flagship fracturing award. We look forward to delivering innovative processes and technologies to take this project to the next level as our client leads the way in technology adoption and efficiency.”

Foda added “In addition, we look forward to working closely with Saudi
Aramco, in line with their net-zero and sustainability goals, to minimize the
carbon footprint of these operations, introduce breakthrough Zero Liquid
Discharge technologies to recycle the produced water, and to provide minerals
and freshwater not only to the operations but to the community around us. It is always a pleasure to work closely with Saudi Aramco not only as the world’smost reliable energy provider but also as a world class technology incubatorand adopter of disruptive innovations.”

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