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National Energy Services Reunited (NESR) announced that its Oman-based subsidiary, Gulf Energy, has extended existing intervention contracts with multiple clients. These contract extensions of up to five years amount to around US$100mn. NESR CEO and Chairman stressed how the contracts further Gulf Energy’s objective of localizing its operations by “hiring and training Omanis, and cultivating Omani R&D and manufacturing.” 

Gulf Energy wins $100mln contract extensions in Oman

National Energy Services Reunited (NESR) announced that its Oman-based subsidiary, Gulf Energy, has extended existing intervention contracts with multiple clients. These contract extensions of up to five years amount to around US$100mn. NESR CEO and Chairman stressed how the contracts further Gulf Energy’s objective of localizing its operations by “hiring and training Omanis, and cultivating Omani R&D and manufacturing.” 

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