admin Oilfield services firm National Energy Services Reunited (NESR) is looking at strengthening its role in Libya’s oil future, backed by more than $100 million worth in service contracts secured in recent months.
Speaking at the Libya Energy & Economic Summit 2026 in Tripoli, NESR Chairman and CEO Sherif Foda highlighted that the company has studied global markets and is focused on leveraging its technology and expertise to support large-scale sector development in Libya.
“We’ve looked in the region, looked at the best stock markets in the world and aim to progress ourselves as an enabling, regional energy company that supports development at scale,” Foda stated.
In 2025, the company secured multiple production services contracts in both Libya and Algeria, with a combined value exceeding $100 million. Covering a three-to-five-year period, the contracts align with the company’s broader strategy to expand its existing operations and consolidate its North African market presence.
In addition to technology and expertise, Foda underscored NESR’s commitment to local operations, noting that the company works with 100% national crews in Libya.
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