NESR (National Energy Services Reunited Corporation) has been awarded a major contract for integrated rig-less stimulation and testing services across Saudi Arabia by Saudi Aramco.
The contracts are worth approximately $300mn, and are for a period of three years with an option to extend for another two years, according to a statement from NESR. It will cover fracturing, testing, wireline, coiled tubing, slickline services and all associated chemistry, logistics and site services to conduct these operations.
Commenting on the win, Sherif Foda, CEO and chairman of NESR, said: “We were the first national service providers in the region to successfully execute multiple integrated stimulation projects across the region and we are extremely proud to have been selected among a shortlist of service providers for this flagship fracturing award.”
NESR, he stated, aims to deliver innovative processes and technologies to take this project to the next level “as our client leads the way in technology adoption and efficiency.
“In addition, we look forward to working closely with Saudi Aramco, in line with its net-zero and sustainability goals, to minimise 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’s most reliable energy provider but also as a world-class technology incubator and adopter of disruptive innovations,” he added.
