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.”
Longer laterals and wider spacing are among the trends being seen, expert says.
Cumulative production has improved by 100% compared to wells drilled before 2017, the company said.
CNOOC Ltd. announced Jan. 16 that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production.