National Energy Services Reunited

What National Energy Services Reunited does

National Energy Services Reunited Corp. (NASDAQ: NESR) is a Houston-headquartered, MENA-focused integrated oilfield services provider operating across 16 countries with more than 6,000 employees and approximately 20 service lines. The company delivers production services (coiled tubing, well testing, wireline, pumping), drilling and evaluation services, and a dedicated decarbonization platform branded NEDA, which covers CO2-EOR, water and mineral extraction, flare management, heat capture and geothermal, and emission detection. R&D is anchored at the NORI center in Dhahran Techno Valley, Saudi Arabia.

NESR's revenue model is project-based and contract-driven, generating fees primarily through multi-year integrated service awards from national oil companies. Pricing is negotiated rather than published, secured through competitive tenders with contract values ranging from multi-million dollar discrete awards to multi-billion dollar integrated programs such as the Jafurah fracturing contract with Saudi Aramco.

Its go-to-market is direct enterprise field sales targeting MENA NOCs and select IOCs, supported by country-level offices and country managers in Saudi Arabia, UAE, Kuwait, Qatar, Libya, Iraq, Egypt, Algeria, Bahrain, Chad, Indonesia, and India. The customer base includes more than 25 exploration and production companies, anchored by Saudi Aramco, ADNOC, Kuwait Oil Company, QatarEnergy, Libya's NOC, Basra Oil Company, and Pertamina, with a $2-3 billion tender pipeline and a projected annualized revenue run rate of approximately $2 billion by year-end 2026.

Name

National Energy Services Reunited

Legal name

National Energy Services Reunited Corp.

Website

https://nesr.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

National Energy Services Reunited (NASDAQ: NESR) is a MENA-focused integrated oilfield services provider delivering hydraulic fracturing, cementing, well testing, coiled tubing, wireline, and decarbonization services to national oil companies across 16 countries.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Natural Gas Extraction (21113)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Oilfield services
• Hydraulic fracturing services
• Well intervention services
• Decarbonization technologies
• Unconventional gas services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Oilfield Services: Comprehensive oilfield services including hydraulic fracturing, cementing, well testing, coiled tubing, wireline, drilling services, and completion services. Revenue is project-based with multi-year contracts, driven by capacity utilization, new contract awards, and activity levels in key markets. The company generates revenue from large integrated contracts with national oil companies, particularly in Saudi Arabia, UAE, Kuwait, and Libya.
2. NEDA Decarbonization Technologies: Environmental and decarbonization solutions including CO2-EOR, water and mineral extraction, flare management, and emission monitoring services. Emerging revenue stream positioned to capture growing demand for energy transition technologies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

National Energy Services Reunited (NESR) is a MENA-focused integrated oilfield services company that delivers Production Services (coiled tubing, well testing, wireline, pumping) and Drilling & Evaluation Services to national and international oil companies across 16 countries. It complements these services with the NEDA decarbonization platform spanning water and mineral impact, flare management, heat capture and geothermal, and emission detection and monitoring, supported by the NORI R&D center in Saudi Arabia.

Product overview

National Energy Services Reunited (NESR) is a MENA-focused integrated oilfield services company operating across 16 countries with approximately 6,000 employees and 20 service lines. The company's portfolio is structured around two core segments: Oilfield Services (comprising Production Services — including coiled tubing, well testing, wireline, and pumping — and Drilling & Evaluation Services) and NEDA, its decarbonization and environmental technology sub-brand launched in February 2024 covering water/mineral impact, flare management, heat capture, geothermal, and emission detection. Key technology assets include NORI, NESR's R&D center in Dhahran Techno Valley, Saudi Arabia. Major contract awards include the multi-billion dollar Jafurah hydraulic fracturing program for Aramco, $300 million in cementing contracts across Kuwait and North Africa, and CO2-EOR deployments in Indonesia. NESR is positioned as the 'National Champion of MENA' for energy services.

Differentiator

Problem solved

Functional benefit

Brands

• NEDA: NESR Environment and Decarbonization Application - environmental solutions including water/lithium extraction, flare management, heat capture, and emission detection technologies
• NORI
• Jafurah Fracturing Operations

Products and services

• Oilfield Services

Quantifiable outcome

• 33.5% year-over-year revenue growth to $404.6 million in Q1 2026
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• Saudi AramcocoreStrategic or Co-development Partner · 19 November 2025NESR secured a multi-billion dollar unconventional hydraulic fracturing contract for Saudi Arabia's Jafurah field as part of the Saudi-US Investment Forum agreements valued at over $30 billion. The five-year Jafurah frac contract is the largest in sector history and represents the core growth driver for NESR. Saudi Aramco is NESR's largest customer.
• ADNOC (Abu Dhabi National Oil Company)coreStrategic or Co-development PartnerNESR holds testing services contracts with ADNOC in the UAE. The company was recognized by ADNOC for outstanding HSE performance at their Business Partnership Forum. NESR maintains a dedicated UAE office with country manager for ADNOC-related operations.
• National Oil Corporation of LibyacoreStrategic or Co-development PartnerNESR has established cooperation with Libya's National Oil Corporation for various oilfield services including coiled tubing operations at AGOCO's Nafoora field and cooperation in different operational areas. Libya represents a strategic growth market with $20 billion in planned investment.
• Kuwait Oil CompanycoreStrategic or Co-development PartnerNESR holds significant cementing and testing contracts with Kuwait Oil Company, including $300 million in multi-year cementing awards. The company signed an MOU with Kuwait Oil Company to join the Ahmadi Innovation Valley initiative.
• PertaminacoreStrategic or Co-development PartnerNESR has implemented CO2-EOR technology at Pertamina's Jatibarang and Sukowati fields in Indonesia through its PT NPS Energy Indonesia subsidiary. This represents NEDA platform deployment in Asia-Pacific markets.
• NORI (Oilfield Research and Innovation Center)coreTechnology or IntegrationNESR's proprietary R&D center in Dhahran Techno Valley, Saudi Arabia. The center focuses on advanced oilfield technologies and decarbonization solutions. Formalized MoU with General Corporation for Technical and Vocational Training for workforce development.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Schlumberger (SLB): Global oilfield services and digital leader covering drilling, evaluation, completion, and production services. Competes directly with NESR's production services and drilling & evaluation service lines for NOC contracts.
• Weatherford International: Oilfield services provider focused on well construction, evaluation, and intervention services. Directly overlaps NESR's well testing, coiled tubing, wireline, and drilling services across MENA operators.
• Halliburton: One of the world's largest diversified oilfield services providers with leading positions in hydraulic fracturing, cementing, and well testing. Competes head-to-head with NESR across MENA national oil company tenders, including Saudi Aramco.
• Baker Hughes: Major integrated oilfield services and equipment company with strong Middle East presence, offering well construction, production, and subsea services that overlap with NESR's portfolio of coiled tubing, wireline, and cementing.

Broad incumbents

• Saipem: Italy-based energy services and engineering contractor with significant upstream oilfield services exposure in MENA, including drilling and workover services comparable to NESR's production services line.
• TechnipFMC: Global integrated oilfield services and subsea engineering company serving IOCs and NOCs in MENA. While more capital-project focused, it overlaps NESR's well services and completion work for major customers in the region.
• Petrofac: Integrated oilfield services and EPC contractor with a strong MENA footprint serving NOCs such as ADNOC and Kuwait Oil Company. Overlaps NESR's integrated services, drilling support, and field development offerings in the same geography.

Regional players

• Arabian Drilling Company: Saudi Arabia-focused onshore and offshore drilling and oilfield services provider. Competes with NESR for Saudi Aramco contracts and shares a similar MENA-centric, NOC-anchored business model.
• ADNOC Drilling: UAE-listed national drilling company providing integrated drilling and well services to ADNOC. A regional peer with shared ADNOC customer base and overlapping well intervention and drilling services with NESR in the UAE.
• Shelf Drilling: Middle East-focused shallow-water offshore drilling contractor serving national oil companies in Saudi Arabia, UAE, Qatar, and beyond. A regional peer sharing the same NOC customer base and MENA capex exposure as NESR.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NESRCorp
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Energy Services Reunited