Компания NESR представила стратегию роста до 3 млрд долларов и расширила присутствие на Ближнем Востоке

National Energy Services Reunited Corp. NESR is an oilfield services provider operating in the Middle East and North Africa. The company derives a major part of its revenues from the Production Services segment, which provides services including hydraulic fracturing, coiled tubing, stimulation, pumping and artificial lift services, among others. NESR is well-positioned to sustain its growth momentum in the upcoming quarters, particularly driven by the ramp-up of its Jafurah operations in Saudi Arabia and recently awarded contracts in Kuwait, the United Arab Emirates and North Africa. In its latest earnings call, NESR outlined its 3B3 corporate strategy, which consists of three key pillars and targets a $3 billion revenue run rate within three years. The first pillar is fueling the contract funnel. Management highlighted that NESR is the largest frac company in the Middle East, and its scale supports supply chain efficiency while providing it with the agility to easily deploy equipment and personnel across the region. NESR aims to maintain a healthy multi-year contract backlog by winning a greater number of tenders in the future. Its scale, tender visibility and successful track record have also enhanced its ability to bid for larger contracts across different service lines. The second pillar is expanding its geographical footprint by either establishing its presence in new markets or expanding its smaller existing operations in the Middle East. As the company continues to grow, it plans to participate in new opportunities while focusing on profitability. The third pillar focuses on its technology and R&D portfolio, particularly NESR Environmental & Decarbonization Applications ("NEDA") and ROYA drilling technologies. The company has spent several years investing in its technologies and pilot projects. Management believes that these technologies are expected to start contributing meaningfully to the company's results in the coming quarters. The company's 3B3 strategy provides a clear roadmap for sustaining long-term growth and expanding its presence in the MENA region. However, geopolitical risks remain a concern, given NESR's exposure to volatile regions across the Middle East and North Africa. Other Firms in the Oilfield Services Segment Forum Energy Technologies, Inc. FET is primarily involved in providing highly engineered products to support the operations of oil and natural gas and renewable companies. The company expects the long-term fundamentals in the energy industry to support its growth plan. In fact, oil and gas demand is anticipated to grow with an increase in economic activity, urbanization, as well as rising power consumption driven by the growth in AI. Furthermore, the Middle East conflict has reinforced the need for energy security and replenishment of depleted product inventories. Management believes that these fundamentals may expand FET's addressable markets over the next five years.