National Energy Services awarded $200M in Slickline contracts

National Energy Services (NESR) Reunited announced multiple, five-year Slickline contract awards in Kuwait and Oman. Totaling $200M, the multiyear contracts represent new awards in a key growth service line within NESR’s Drilling & Evaluation segment. Consistent with the expansion of evaluation services like Cased Hole Wireline and Surface Well Testing, these contracts underscore the “portfolio pull through” strategy in D&E, whereby leadership in a certain product or service, in one or two countries, is replicated across NESR’s entire MENA footprint, particularly in its burgeoning share of rigless activity.