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NESR Wins Major Contracts in Algeria and Libya, Total Value Exceeds $100 Million
ByAinvest
Wednesday, Aug 13, 2025 9:23 am ET1min read
National Energy Services Reunited Corp. (NESR) has secured multiple Production Services contracts in Algeria and Libya worth over $100 million. The contracts, ranging from three to five years, cover core segments such as Coiled Tubing, Nitrogen & Pumping Services, Cementing, and Hydraulic Fracturing. NESR CEO & Chairman Sherif Foda attributed the wins to the company's commitment to maintaining a strong local presence, empowering local talent, and investing countercyclically in the coming years.
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