National Energy Services Reunited Corp., an industry-leading provider of integrated energy services in the Middle East and North Africa and Asia Pacific regions, on Aug. 11 reported multiple contract awards in the United Arab Emirates (UAE) valued at up to $100 million for coiled tubing, nitrogen and stimulation services for a period of three years with two optional one-year extensions.
“NESR is pleased to further consolidate our presence in the United Arab Emirates, one of our founding countries in the Middle East and where we have longstanding history and deep roots. Such awards enable us to increase our contributions to the UAE economy through hiring and training local talent and broadening our investments in the UAE. NESR is continuously looking to expand its footprint as an active participant in the national in-country value program,” Sherif Foda, chairman of the board and CEO of NESR, said.
The comments by Prince Abdulaziz bin Salman, OPEC's most influential minister, came after a virtual meeting of a key panel of OPEC and allies, led by Russia, known as OPEC+.
Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.
The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Sept. 16.