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NESR announces cementing contract award in Kuwait

The US$100mn contract by KOC includes cementing and associated drilling services. (Image source: Kuwait Oil Company)

National Energy Services Reunited Corporation (NESR), an integrated energy services provider in the Middle East and North Africa region, has won a major contract from the Kuwait Oil Company (KOC)

The contract, valued at up to US$100mn, includes cementing and associated services for drilling and workover operations for conventional resources, according to NESR.

The company added that this contract is for five years and marks the entry of NESR in the completions sphere in Kuwait.

Sherif Foda, chairman of the Board and CEO of NESR, said, ?The award of this contract positions NESR as a multi-segment provider in Kuwait and allows us to build our position in Kuwait to the next level.?

?I would also like to take this opportunity to thank KOC for the trust they have placed in us to be a part of their extensive growth plans,? he stated.

Founded in 2017, NESR is one of the national oilfield services providers in the MENA and Asia Pacific regions.

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