National Energy Services launches key technologies, provides operational update

National Energy Services Reunited announced the launch of key technologies and provided an operational update during the International Petroleum Technology Conference in Saudi Arabia. Following the opening of IPTC by HRH Prince Saud Bin Nayef Bin Abdul-Aziz Al Saud and HRH Prince Abdulaziz Bin Salman Bin Abdul-Aziz Al Saud, NESR launched its Roya advanced drilling platform and its NESR Environmental & Decarbonization Applications segment, which encompasses a growing portfolio of solutions that were previously launched under NESR ESG Impact. Sherif Foda, Chairman & CEO commented, “We are honored to launch our key strategic technologies during the prestigious IPTC held in Dhahran and hosted by our esteemed customer, Aramco. Our ROYA platform of advanced drilling technologies, comprised of a rotary steerable RoyaSteer, measurement-while-drilling tool RoyaStream, and logging-while-drilling tool RoyaSeek, paves the way for NESR to participate in all high-end drilling opportunities. Additionally, our new segment NEDA, translated from Arabic as “call to action”, signifies our belief that decarbonization of the sector is fundamental to the success of the energy industry. Following our initial start back in Riyadh during FII in 2021, we have made great progress with the recent inauguration of a Carbon-Light Brine facility in Iraq, and also in completing two successful water zero liquid discharge projects with Aramco. Now is the time to pursue scalable projects across all NEDA subsegments, including water treatment, flare management, heat capture, and emissions detection. We are very excited about the future of the company and the richness of our portfolio in both core businesses and in our decarbonization efforts.”