National Energy Services Reunited Corp (NESR), a leading US-based energy services provider, has announced it won production service contracts in both Libya and Algeria worth over $100 million.
The contracts, spanning three to five years, cover a wide range of core services including coiled tubing, nitrogen services, pumping, cementing and hydraulic fracturing. NESR stated that the agreements strengthen its regional footprint in North Africa while supporting local energy production capabilities.
In a company statement, NESR highlighted that these projects will play a significant role in bolstering oil and gas service infrastructure in both countries. The firm said its technical expertise and long-standing presence in the region make it a key partner for national oil companies seeking efficiency and innovation.
NESR Chairman and CEO, Sherif Foda, welcomed the contracts as a milestone for the company’s operations in North Africa. “These contracts not only strengthen our leadership in our core business lines, but also provide a platform to develop technology and innovation in both Libya and Algeria,” he said.
Industry analysts note that Libya, despite ongoing political challenges, continues to attract foreign investment in its oil and gas sector due to its vast reserves and growing demand for enhanced production services. Algeria, in parallel, is focusing on boosting output and improving operational efficiency.
NESR, listed on NASDAQ, operates across the Middle East, North Africa and Asia, offering integrated energy services in drilling, production and technology solutions. The company said it remains committed to working closely with local partners and regulators to ensure safe and sustainable operations.
