Any and all statements contained in this communication that are not statements of historical fact may be deemed forward-looking statements.
This communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). 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, Drilling Fluids and Rig Services.
PHOENIX DIRECTIONAL DRILLING FULL
With over 5,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. I would like to thank our valued customers for their trust in our R&D and service delivery platform, particularly in this technologically sophisticated realm of the OFS market, where NESR is focusing on its innovative model of importation of global partnership technologies into MEA, investments in technology companies globally with the aim of jump starting our local engineering and manufacturing investments as we plan for our future state-of-the-art facility in the King Salman Energy Park "SPARK."Ībout National Energy Services Reunited Corp.įounded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. We are very proud of our partnership with John Hooks and PHX for their highly differentiated Velocity MWD system and Atlas motors which along with our Well Engineering capabilities have led us to showcase to our customers what can be achieved in terms of drilling efficiencies that have exceeded or met field standards in a large majority of our runs. NESR CEO & Chairman Sherif Foda commented, "These awards represent a major milestone in our growth strategy to establish NESR as one of the major players in the Directional Drilling market and paves the way to introduce our next gen technologies which enable our customers to get access to best in class technologies being adopted globally. This award also provides NESR the platform for the introduction of next generation technologies in the drilling and measurement spheres which the Company anticipates introducing over the course of this contract.
or "PHX") has led to several DD records across several fields which have saved significant drilling time for customers. Over the last year, NESR's successful partnership with Phoenix Technology Services (PHX Energy Service Corp. This award reflects the culmination of several years of research and development investment in several field trials to demonstrate NESR's ability to drill and deliver vertical and directional wellbores in record times with leading-edge technologies. ("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, has announced that the company has been awarded a long term contract for Directional Drilling services in the Kingdom of Saudi Arabia, covering Directional Drilling ("DD"), Measurement while Drilling ("MWD"), Performance Drilling, Well Engineering and Logging While Drilling ("LWD") services for up to four years starting with immediate effect.
PHOENIX DIRECTIONAL DRILLING TRIAL
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