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The National Energy Services Reunited Corp. (NESR), a leading international provider of integrated energy services across the Middle East and North Africa (MENA), has announced the award of several major Production Services contracts in Algeria and Libya. The combined value of the contracts is estimated to exceed US$100 million, signaling a strong boost for oil and gas activities in North Africa.
NESR disclosed the development in early August but did not provide a detailed breakdown of the contract values to show the exact worth of the Libya deals. However, the company emphasized that the multiple agreements cover essential services for oilfield operations, ranging from coiled tubing and nitrogen pumping to cementing and hydraulic fracturing.
The contracts, which vary between three to five years in duration, are expected to strengthen NESR’s dominance in core production services and highlight the steady growth of oil and gas activity in Algeria and Libya. Industry observers see the move as another indication that international service providers are deepening their focus on the North African market, despite global uncertainties in the energy sector.
Commenting on the development, Sherif Foda, NESR’s Chief Executive Officer and Chairman, said the awards mark another significant milestone in the company’s regional expansion. According to him, the contracts not only reinforce NESR’s leadership in its largest service segments but also provide a strong platform for technology and innovation.
“These awards not only enhance our existing leadership within our largest product lines, but also provide the platform upon which innovation and technology development can thrive in both Algeria and Libya,” Foda explained. “The activity growth in both countries remains solid, with several strategic projects in both oil and gas. These wins reflect the commitment we’ve made to maintain our strong local presence, empower local talent by operating 100% with national crews, and invest countercyclically in the coming years to be the reliable and trusted provider to our customers.”
NESR has built a reputation for being one of the most reliable energy service providers in the MENA region, offering advanced solutions that support both exploration and production. With Algeria and Libya holding some of the largest proven oil and gas reserves on the African continent, the contracts are seen as crucial in accelerating upstream development, boosting production, and addressing technical challenges in the industry.
In Algeria, oil and gas remain the backbone of the economy, and partnerships with international service companies like NESR are vital for sustaining production levels and expanding capacity. In Libya, despite years of political instability and production disruptions, renewed commitments to oil sector investment and technical upgrades are opening the door for more foreign participation. Analysts believe that NESR’s decision to operate entirely with national crews is also a strategic move that aligns with government policies in both countries, which emphasize local workforce empowerment and knowledge transfer.
The contracts come at a time when global energy demand remains unpredictable, with oil prices fluctuating due to geopolitical tensions and market shifts. However, NESR’s investment in Algeria and Libya shows confidence in the region’s long-term prospects and the resilience of its oil and gas industries.
By winning these multi-year contracts, NESR has not only cemented its market position but also signaled its readiness to invest in advanced technologies that will improve well efficiency, optimize production, and reduce operational risks. For Algeria and Libya, the agreements bring much-needed expertise, capital, and innovation to sustain their vital energy sectors.
