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HOUSTON, TX / ACCESSWIRE / June 2, 2021 / National Energy Services Reunited Corp. (“NESR”) (NASDAQ: NESR) (NASDAQ: NESRW), a leading national provider of integrated energy services to the Middle East and North Africa (“MENA”) region, announced today hui several contract awards with large international oil companies (“IOC”) for integrated services without rigs (“Rigless Services”) and drilling and completion fluids (“completion fluids”) in the MENA region which will be executed over the next three years for an amount of up to $ 150 million.

“These CIO awards demonstrate our ability to execute multi-service line contracts with complex workflows and demonstrate our project management and execution capabilities to be a reliable partner for international and domestic clients of the MENA region, ”said Sherif Foda. , Chairman of the Board and Chief Executive Officer of NESR. “Both of these contracts are significant, with the award of Rigless Services, a step from our traditional single-service line operation to now multiple service line offerings across the country and the award of completion fluids for further expansion. of our drilling fluids business and a first for us in this geography. I would also like to take this opportunity to thank our clients for the trust they place in us to deliver these contracts, which allows us to further strengthen our presence and increase our capabilities to serve them in their operations. ” next

About National Energy Services Reunited Corp.

Founded in 2017, NESR is one of the largest national providers of petroleum services in the MENA and Asia-Pacific regions. With more than 5,000 employees, representing more than 60 nationalities in more than 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. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing drilling and assessment services such as downhole drilling tools, directional drilling, fishing tools, drilling services. testing, cables, runners, drilling fluids and platform services.

Forward-looking statements

This communication contains forward-looking statements (as that 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). All statements contained in this communication that are not statements of historical fact can be considered as forward-looking statements. Terms such as “could”, “could”, “should”, “should”, “could”, “could”, “project”, “estimate”, “predict”, “potential”, “strategy”, “anticipate” “,” Attempt “,” “” develop “,” plan “,” help “,” believe “,” continue “,” intention “,” ” ” ” ” ” ” ” ‘ ‘forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements contained in this communication may include, without limitation, statements regarding the benefits resulting from the recent business combination transaction of the Company, management’s plans and objectives for future operations, projections of income or losses, earnings or losses per share, capital expenditures, dividends, capital structure or other financial items, future financial performance of the Company, expansion plans and opportunities, and assumptions underlying or related to such a statement.

Forward-looking statements are not intended to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based on current projections, plans, objectives, beliefs, expectations, estimates and assumptions. of the Company and are subject to a number of risks and uncertainties and other influences, over which the Company has no control. The actual results and timing of certain events and circumstances may differ materially from those described in forward-looking statements due to these risks and uncertainties. Factors that may influence or contribute to the accuracy of forward-looking statements or cause actual results to differ materially from expected or desired results may include, but are not limited to: the ability to recognize the anticipated benefits of the recent transaction of business combination of the Company, which may be affected, among other things, by the price of oil, natural gas, natural gas liquids, competition, the ability of the Company to integrate acquired businesses and the ability of business combined to grow and manage its growth profitably; integration costs related to the Company’s recent business combination; estimates of the Company’s future revenues, expenses, capital requirements and financing needs; the risk of complaints and legal proceedings and government investigations; the financial performance of the Company; success in retaining or recruiting, or required changes in officers, key employees or directors of the Company; current and future government regulations; developments relating to the Company’s competitors; changes in applicable laws or regulations; the possibility that the Company will be adversely affected by other economic and market conditions, political unrest, war, terrorist acts, fluctuations in international currencies, commercial and / or competitive factors; and other risks and uncertainties set out in the Company’s most recent annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”).

You are cautioned not to place undue reliance on forward-looking statements because of the associated risks and uncertainties and risk factors. The Company disclaims any obligation to update any forward-looking statements contained in this communication to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents the Company may file or provide from time to time with the SEC.

For any questions regarding the NESR, please contact:

Christopher Boone or Dhiraj Dudeja
National Energy Services Reunited Corp.
832-925-3777
[email protected]

SOURCE: National Energy Services Reunited Corp

See the source version on accesswire.com:
https://www.accesswire.com/650037/NESR-Secures-150-Million-in-Contract-Awards-with-IOCs-in-the-MENA-Region



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