National Energy Services Reunited Secures $200M in Multi-Year Slickline Contracts Across Kuwait and Oman

Author: Benzinga Newsdesk | April 29, 2025 08:08am

National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple, five-year Slickline contract awards in Kuwait and Oman.

Totaling US$200 million, the multiyear contracts represent new awards in a key growth service line within NESR's Drilling & Evaluation ("D&E") segment. Consistent with the expansion of evaluation services like Cased Hole Wireline and Surface Well Testing, these contracts underscore the "portfolio pull through" strategy in D&E, whereby leadership in a certain product or service, in one or two countries, is replicated across NESR's entire MENA footprint, particularly in its burgeoning share of rigless activity.

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