NESR Inaugurates Flagship Innovation Center NORI In Saudi Arabia’s Dharan Techno Valley

The NORI facility, located in the heart of Saudi Arabia's industrial research, technology and academic hub, will enhance NESR's ability to drive energy sector research & innovation across the MENA region, while also augmenting the Company's alignment specifically with Saudi Arabia's Vision 2030. A flagship student exchange program with King Fahd University of Petroleum & Minerals ("KFUPM") will further support NESR's leading in-country personnel development & IKTVA investment. NORI also houses the recently acquired W. D. Von Gonten state-of-the-art Reservoir Characterization lab, supporting unmatched Geological & Geophysical research with a particular focus on the burgeoning unconventional resources in Saudi Arabia and across the MENA region. Furthermore, NORI will feature an artificial intelligence ("AI") based Operational Intelligence lab that will support multiple segments, including NESR's rapidly evolving hydraulic fracturing and directional drilling product lines. Key ESG Impact decarbonization technologies and research initiatives will also be domiciled in NORI.