National Energy Services Reunited Corp., a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, said on March25 it has successfully started its directional drilling operations in the Middle East in partnership with PHX Energy Services Corp.
“I am quite pleased with the results of our promising efforts in Directional Drilling as we have broken existing records with this first run of PHX Energy's Atlas Downhole Motors and Velocity Systems compared to all other technologies in the market for similar products. As we have all along said, our open-source technology platform strategy has been to partner with best-in-class technology providers and then apply our local knowledge to develop custom solutions for our customers. This partnership and subsequent execution is a testament to the success of our strategy,” Sherif Foda, chairman of the board and CEO of NESR, said. “In the last few years, we have implemented this methodology primarily on the Production Services product lines and now we are seeing our efforts in the Drilling and Evaluation sphere gain momentum. I thank our customers for their continued trust in us and for giving us this opportunity to deliver on what we promised them.”
Recommended Reading
DNO Makes Another Norwegian North Sea Discovery
2024-12-17 - DNO ASA estimated gross recoverable resources in the range of 2 million to 13 million barrels of oil equivalent at its discovery on the Ringand prospect in the North Sea.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
DNO Discovers Oil in New Play Offshore Norway
2024-12-02 - DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
2024-12-20 - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.