Houston, May 2019: Kinetic Pressure Control is pleased to announce that a Sales Channel Partnership Agreement for K-BOS services has been signed with National Energy Services Reunited, known as NESR, a leading oilfield services provider in the Middle East, North Africa (MENA) and Asia regions. As part of the deal, NESR has made an equity investment in Kinetic.
“NESR is always looking to broaden our ability to bring high value added technology to our service offerings. The K-BOS technology from Kinetic Pressure Control is a very exciting addition to our portfolio of services and, combined with our equity investment in Kinetic, we are making to bring the technology to market,” said Dhiraj Dudeja, NESR’s Chief Commercial Officer.
“We are proud to partner with NESR for deployment of K-BOS services in the MENA region. With their focus on new technology as a differentiator for growth, their reputation for safety, and their large operational footprint across the region, NESR is the perfect organization to deploy our K-BOS service, especially for sour gas applications” said Reese Jones, Kinetic’s VP of Operations.
NESR and Kinetic have been working closely together for more than a year, and initial K-BOS services are expected to be commercially deployed in the Middle East region by 2Q 2020.
About NESR
National Energy Services Reunited Corp. (NASDAQ: NESR) is one of the largest oilfield services provider in the Middle East, North Africa and Asia (“MENA”) region. About NESR at their website https://www.nesr.com/
About Kinetic Pressure Control
Kinetic Pressure Control is a leading well control technology company that designs and manufactures innovative wellhead and pressure control equipment and services. Kinetic’s mission is to protect the Oil and Gas industry’s social license to operate. Learn more about Kinetic Pressure Control Limited and their K-BOS technology at www.shearanything.com
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