National Energy Services Reunited Corp. (NESR), a national provider of integrated energy services in the Middle East and North Africa and Asia Pacific, on Oct. 1 reported multiple awards in North Africa valued up to $100 million. The awards are for well intervention services for a period of up to three years.
“These awards allow us to further diversify our customer base in this fast-growing region and are a testament to our growing ability in the region,” Sherif Foda, chairman of the board and CEO of NESR, said. “These well intervention contracts also allow us to deploy newer technologies that reduce our overall footprint at the wellsite and lead to more efficient and safer operations. I would also like to take this opportunity to thank our new customers in North Africa for their trust in our abilities and I look forward to a successful long-term partnership.”
Companies added three oil rigs in the week to Jan. 24, bringing the total count to 676, energy services firm Baker Hughes Co. said in its weekly report.
Most of the undiscovered technically recoverable oil resources are believed to be in the Brookian Sequence, the USGS report shows.
A Marcellus Shale discovery by EQT, Marathon’s Upper Three Forks completion and two horizontal Woodford producers top this week’s drilling activity highlights from around the world.