Greg Lewis's questions to National Energy Services Reunited Corp (NESR) leadership • Q2 2025
Question
Greg Lewis inquired about the general trend in service contract durations in the MENA region and whether they are expected to expand.
Answer
CEO Sherif Fota explained that contract durations are stable and long-term focused, with most new tenders being for three, five, or seven years, and some extending to nine years. He noted that the five-year mark is common as it encourages service companies to make long-term, in-country value investments in manufacturing and R&D, which is a critical factor for customers when awarding contracts.