National Energy Services Reunited Corp. $(NESR)$, an industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has announced the securing of multiple five-year downhole drilling contract awards in Kuwait, with a total value of $100 million. These new contracts span various Drilling & Evaluation (D&E) segments, including Fishing & Remedial Services, Downhole Tools, Tubing & Casing Running, and advanced drilling services. This achievement reinforces NESR's strong position in the Kuwait market, following their recent Slickline contract win, and underscores their commitment to investing in people and innovation through initiatives like the AIV Advanced Innovation Valley. CEO and Chairman Sherif Foda expressed gratitude to their clients for their trust and support.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.