Page 12 - MEOG Week 16 2022

MEOG PROJECTS & COMPANIES MEOG

NESR wins major Aramco

well stimulation deal

SAUDI ARABIA HOUSTON-BASED National Energy Services disclosed, NESR is believed to have been among
Reunited Corp. (NESR) this week announced the companies competing for work on Saudi
that it had been awarded a $300mn deal for well Arabia’s unconventional Jafurah basin, from
services in Saudi Arabia by majority state-owned which Aramco intends to achieve 2bn cubic
Saudi Aramco. feet (57mn cubic metres) per day of sales gas by
The contractor said that it had won a major 2030 along with 418 mmcf (11.8 mcm) per day of
three-year contract for integrated rig-less stim- ethane and around 630,000 barrels per day (bpd)
ulation and testing services, or conventional of NGLs and condensates.
fracturing. Having awarded $10bn worth of contracts,
This covers fracturing, testing, wireline, Aramco announced the start of development of
coiled tubing, slickline services and “all asso- Jafurah in late November as it seeks to target an
ciated chemistry, logistics and site services to estimated 200 trillion cubic feet of gas (5.7 tril-
conduct these operations”. The contract has an lion cubic metres), around half of which is com-
option for a two-year extension. prised of liquids.
Commenting on the award, NESR chairman Meanwhile, in March, NESR was one of five
and CEO Sherif Foda said: “We look forward to companies to be awarded five-year (extendible
working closely with Saudi Aramco, in line with by two years) framework deals by Abu Dhabi
their net-zero and sustainability goals, to min- National Oil Co. (ADNOC) for cementing ser-
imise the carbon footprint of these operations, vices to support the company’s upstream pro-
introduce breakthrough zero liquid discharge duction expansion.
technologies to recycle the produced water, and A month earlier, NESR was one of three com-
to provide minerals and fresh water not only to panies awarded five-year well testing contracts
the operations but to the community around us.” worth $169mn by ADNOC’s onshore upstream
While the location of the work was not arm, ADNOC Onshore.™

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