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NESR won a major Saudi gas fracturing contract, boosting U.S.-Saudi energy ties and potential growth.
National Energy Services Reunited Corp. (NESR) announced a major unconventional hydraulic fracturing contract on November 19, 2025, during the Saudi-U.S. Investment Forum in Washington, D.C., as part of over $30 billion in agreements.
The deal, stemming from NESR’s win in the Jafurah gas field frac tender, is expected to drive significant business growth over five years.
The company, the only Saudi energy services firm publicly traded on Nasdaq, highlighted its role in strengthening U.S.-Saudi economic ties, particularly in energy and emerging technologies like artificial intelligence.
NESR’s CEO, Sherif Foda, noted the potential $120 billion value of U.S.-Saudi energy collaboration.
The announcement includes forward-looking statements subject to risks, as detailed in NESR’s SEC filings.
NESR ganó un importante contrato de fracturación de gas saudí, impulsando los lazos de energía entre EE.UU. y Arabia Saudita y el crecimiento potencial.