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NESR

Description

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 3,700 employees, representing more than 40 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation and Pumping, and Nitrogen Services. 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, Fluids and Rig Services.

PRODUCTION SERVICES

  • Coiled Tubing
  • Stimulation & Pumping
  • Nitrogen Services
  • Completions
  • Pipelines
  • Cementing
  • Laboratory Services
  • Filtration Services
  • Artificial Lift Services

DRILLING & EVALUATION SERVICES

  • Drilling & Workover Rigs
  • Rig Services
  • Drilling Services & Rentals
  • Fishing & Remedials
  • Directional Drilling
  • Turbines Drilling
  • Drilling Fluids
  • Wireline Logging Services
  • Slickline Services
  • Well Testing Services

NESR started out as special purpose acquisition corporation, SPAC, designed to invest in the oilfield services space globally in May 2017. In November 2017, NESR announced the acquisition of two most prominent oilfield services companies in the MENA region: Gulf Energy SAOC (GES) and National Petroleum Services (NPS). The formation of NESR as an operating entity was completed in June 2018, after the transactions were approved by Securities and Exchange Commission in United States and NESR shareholders respectively.

NESR is the first and only NASDAQ listed national oilfield services company in the MENA region. This is the first time a national oilfield services company will have the scale and access to technology to compete in most of the major markets in the region and provide a viable National alternative. The company are already seeing tangible signs where the strength of each company is helping NESR to improve its market position.

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