- National Energy Services Reunited Corp. (NESR, Financial) begins construction on a 180,000m² facility at King Salman Energy Park (SPARK).
- The facility will employ AI and machine learning technologies to enhance oilfield services efficiency.
- This development aligns with Saudi Arabia’s Vision 2030, focusing on localization, technology advancement, and sustainability.
National Energy Services Reunited Corp. (NESR) has commenced the construction of a 180,000m² state-of-the-art facility at King Salman Energy Park (SPARK) in Saudi Arabia, a significant milestone in the company's strategic expansion efforts within the region. This initiative, announced following a groundbreaking event in February attended by industry leaders such as Saudi Aramco Upstream President and SPARK executives, is set to enhance NESR's service capabilities in the Middle East and North Africa (MENA) region.
The facility's development will occur in four strategic phases, with the initial phase focusing on transitioning NESR's hydraulic fracturing operations to this new hub. The project is notable for its integration of artificial intelligence (AI) and machine learning technologies aimed at optimizing drilling, conducting well interventions, and enhancing production efficiencies. These technological advancements will facilitate predictive maintenance and minimize non-productive time, positioning NESR as a leader in innovative oilfield service solutions.
NESR's investment in this facility is aligned with Saudi Arabia's Vision 2030, a framework that prioritizes localization, technological advancement, and the strengthening of domestic manufacturing capabilities within the energy sector. Additionally, the facility aims to meet high environmental standards by adhering to LEED certifications, reinforcing NESR's commitment to sustainability.
This development not only strengthens NESR's market position within Saudi Arabia but also establishes the facility as a regional hub for innovation in oilfield services. The project underscores the importance of fostering local talent, creating job opportunities, and establishing strategic partnerships to drive growth and development within the Kingdom's energy sector.
