# NESR

> National Energy Services Reunited Corp. (NESR) provides production, drilling and evaluation services to oil and gas operators, primarily in the Middle East and North Africa. Founded by Sherif Foda in 2017, it combines regional operating businesses with international technology partnerships, in-country research and workforce training. Its environmental applications include water treatment, methane and flare management, and a planned lithium demonstration project with Aramco.

- **Founded:** 2017
- **Headquarters:** Houston, United States
- **Founders:** Sherif Foda (Founder, Chairman and Chief Executive Officer)
- **Products:** Production Services, Drilling & Evaluation Services, NEDA, NORI, LiThara
- **Notable:** Completed the NPS and Gulf Energy combination in June 2018 after announcing an approximately US$1.1 billion purchase price in 2017., Opened NORI in Dhahran in February 2023., Returned to the Nasdaq Capital Market on October 22, 2024.

## Products & services

- **Production Services** — Hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping and nitrogen services.
- **Drilling & Evaluation Services** — Downhole tools, directional drilling, fishing, well testing, wireline, slickline, drilling fluids and rig services.
- **NEDA** — NESR Environmental & Decarbonization Applications, introduced under this brand in February 2024, covers water and minerals, flare and methane management, heat and geothermal applications, and emissions detection.
- **NORI** — NESR Oilfield Research & Innovation Center in Dhahran Techno Valley, Saudi Arabia; works on reservoir development, chemistry, decarbonization and operational intelligence. Grand opening in February 2023.
- **LiThara** — Integrated brine pre-treatment, direct lithium extraction and carbonation platform selected for an Aramco demonstration project announced in October 2026. Production planned for late 2027.
- **Produced-water treatment portfolio** — Includes DYVAR thermal desalination, HIROX high-recovery reverse osmosis, silicon carbide membrane filtration and mineral recovery solutions.

## Achievements

- Completed the NPS and Gulf Energy combination in June 2018 after announcing an approximately US$1.1 billion purchase price in 2017.
- Opened NORI in Dhahran in February 2023.
- Returned to the Nasdaq Capital Market on October 22, 2024.
- Reported Q2 2026 revenue of US$520.8 million, up 59.1% year over year, and net income of US$44.0 million.
- Announced US$300 million of five-year Kuwait services and technology awards in August 2026.

## Latest updates

- **2026-10** — On October 8, NESR announced an Aramco lithium demonstration agreement with an up-to-five-year contract value of approximately US$200 million. Target capacity is 2,000 tonnes per year of battery-grade lithium carbonate; commissioning and production are planned for late 2027.
- **2026-08** — August 10 results reported Q2 revenue of US$520.8 million and net income of US$44.0 million.
- **2026-08** — August 5 announcement disclosed US$300 million in multiple Kuwait contracts over five years.
- **2026-03** — The fiscal-2025 annual report said management concluded internal control over financial reporting was effective as of December 31, 2025, following remediation.

## Links

- Website: https://www.nesr.com/
- LinkedIn: https://www.linkedin.com/company/nationalenergyservices
- Twitter/X: https://twitter.com/NESRCorp
- YouTube: https://www.youtube.com/channel/UCl-7A50yHimE6Lr10fn70-w
- Facebook: https://www.facebook.com/profile.php?id=100067015421556

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Profile page: https://yespress.io/nesr
Published by YesPress — https://yespress.io
Last updated: 2026-10-23