National Energy Services Reunited (NESR) said Wednesday that it has secured a multi-billion dollar contract from Saudi Aramco to provide completion and unconventional gas development services in the country over a five-year term.

National Energy said its drilling and completion activities may trend higher than current levels throughout the unconventional contract to support the project's scale and production targets.

Shares of the company were up more than 7% in recent Wednesday premarket activity.