National Energy Services Reunited Corp. Announces Multiple Contract Awards in North Africa
01 Oktober 2019 - 5:30PM
Business Wire
National Energy Services Reunited Corp. (“NESR” or the
“Company”) (NASDAQ: NESR) (NASDAQ: NESRW), a national,
industry-leading provider of integrated energy services in the
Middle East and North Africa (“MENA”) and Asia Pacific, today
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 (3) 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,” said Sherif Foda, Chairman of the Board and
CEO of NESR. Mr. Foda added: “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.”
About National Energy Services Reunited Corp.
Founded in 2017, NESR is one of the largest national oilfield
services providers in the MENA and Asia Pacific regions. With over
4,000 employees, representing more than 40 nationalities in over 15
countries, the Company helps its customers unlock the full
potential of their reservoirs by providing Production Services such
as Cementing, Coiled Tubing, Filtration, Completions, Stimulation,
Pumping and Nitrogen Services. The Company also helps its customers
to access their reservoirs in a smarter and faster manner by
providing Drilling and Evaluation Services such as Drilling
Downhole Tools, Directional Drilling, Fishing Tools, Testing
Services, Wireline, Slickline, Fluids and Rig Services.
Forward-Looking Statements
This communication contains forward-looking statements (as such
term is defined in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended). Any and all statements contained in this communication
that are not statements of historical fact may be deemed
forward-looking statements. Terms such as “may,” “might,” “would,”
“should,” “could,” “project,” “estimate,” “predict,” “potential,”
“strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,”
“believe,” “continue,” “intend,” “expect,” “future,” and terms of
similar import (including the negative of any of these terms) may
identify forward-looking statements. However, not all
forward-looking statements may contain one or more of these
identifying terms. Forward-looking statements in this communication
may include, without limitation, statements regarding the benefits
resulting from the Company’s recent business combination
transaction, the plans and objectives of management for future
operations, projections of income or loss, earnings or loss per
share, capital expenditures, dividends, capital structure or other
financial items, the Company’s future financial performance,
expansion plans and opportunities, and the assumptions underlying
or relating to any such statement.
The forward-looking statements are not meant to predict or
guarantee actual results, performance, events or circumstances and
may not be realized because they are based upon the Company’s
current projections, plans, objectives, beliefs, expectations,
estimates and assumptions and are subject to a number of risks and
uncertainties and other influences, many of which the Company has
no control over. Actual results and the timing of certain events
and circumstances may differ materially from those described by the
forward-looking statements as a result of these risks and
uncertainties. Factors that may influence or contribute to the
accuracy of the forward-looking statements or cause actual results
to differ materially from expected or desired results may include,
without limitation: the ability to recognize the anticipated
benefits of the Company’s recent business combination transaction,
which may be affected by, among other things, the price of oil,
natural gas, natural gas liquids, competition, the Company’s
ability to integrate the businesses acquired and the ability of the
combined business to grow and manage growth profitably; integration
costs related to the Company’s recent business combination;
estimates of the Company’s future revenue, expenses, capital
requirements and the Company’s need for financing; the risk of
legal complaints and proceedings and government investigations; the
Company’s financial performance; success in retaining or
recruiting, or changes required in, the Company’s officers, key
employees or directors; current and future government regulations;
developments relating to the Company’s competitors; changes in
applicable laws or regulations; the possibility that the Company
may be adversely affected by other economic and market conditions,
political disturbances, war, terrorist acts, international currency
fluctuations, business and/or competitive factors; and other risks
and uncertainties set forth in the Company’s most recent Annual
Report on Form 20-F filed with the Securities and Exchange
Commission (the “SEC”).
You are cautioned not to place undue reliance on forward-looking
statements because of the risks and uncertainties related to them
and to the risk factors. The Company disclaims any obligation to
update the forward-looking statements contained in this
communication to reflect any new information or future events or
circumstances or otherwise, except as required by law. You should
read this communication in conjunction with other documents which
the Company may file or furnish from time to time with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20191001005866/en/
For inquiries regarding NESR, please contact: Christopher
Boone or Dhiraj Dudeja National Energy Services Reunited Corp.
832-925-3777 investors@nesr.com
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