NESR Oman unit lands over $1bn PDO project contracts

NESR Oman unit lands over $1bn PDO project contracts

National Energy Services Reunited (NESR), a leading provider of integrated energy services in the Middle East and North Africa and Asia Pacific regions, said its Omani subsidiary Gulf Energy has secured key extensions and contracts worth over $1 billion from Petroleum Development of Oman (PDO). 

 

With these awards, NESR said it has cemented its position in Oman for the future and has opened new growth avenues to expand its product lines over the next decade in the sultanate and in the Mena region.

 

These contract extensions include cementing, coil tubing and stimulation, fishing and milling, and downhole tools contracts for a period of up to nine years, including a main term of five years with two possible extensions of two years each, with contracts expiring between 2030 and 2032. 

 

In addition, a new