{"success":true,"data":{"pressRelease":{"id":"163918","rtpr_id":"nPn5VxvRya-20261008","ticker":"NESR","exchange":"NASDAQ","all_tickers":["NESR"],"title":"NESR and Aramco Sign Agreement to Deliver the Region's First Direct Lithium Extraction Project","author":"PR Newswire","published_at":"2026-10-08T10:00:02.639Z","article_body":"NESR and Aramco Sign Agreement to Deliver the Region's First Direct Lithium Extraction Project\nPR Newswire\n\nDHAHRAN, Saudi Arabia, Oct. 8, 2026\n\nThe turnkey project leverages NESR's LiThara™ platform to include\npre-treatment, direct lithium extraction, and carbonation technology for Saudi\nArabia's first lithium project, with up to five-year contract value of\napproximately USD $200 million\n\nDHAHRAN, Saudi Arabia, Oct. 8, 2026 /PRNewswire/ -- National Energy Services\nReunited Corp. (NESR), a leading oilfield services provider in the Middle East\nand North Africa (MENA), today announced that its business segment, NESR\nEnvironmental and Decarbonization Applications (NEDA), has entered into an\nagreement with Aramco to execute the Aramco 2027 Lithium Demonstration Project\nin the Kingdom of Saudi Arabia. This first-of-its-kind project aims to produce\n2,000 tons per annum (tpa) of battery-grade lithium carbonate, with\ncommissioning and start of production planned for late 2027.\n\nThis agreement combines Aramco's deep subsurface expertise, honed over decades\nof exploration and operations, along with NEDA's integrated pre-treatment,\ndirect lithium extraction (DLE), and carbonation technology portfolio, housed\nunder NESR's LiThara™ platform. LiThara™ modular solutions are designed\nto condition brine feedstock and extract lithium in a single, integrated\nprocess, enabling rapid, scalable deployment. This approach offers competitive\noperating costs and ensures that the production of battery-grade lithium\ncarbonate meets the fast-growing demand of the global energy transition.\n\nThe project also builds on NESR's regional subsurface and field operations\nexperience across the Kingdom of Saudi Arabia.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nStatements contained in this press release that are not historical fact may be\nforward-looking within the meaning of Section 27A of the Securities Act of\n1933 and Section 21E of the Securities Exchange Act of 1934, each as amended.\nSuch forward-looking statements do not constitute guarantees of future\nperformance and are subject to a variety of risks and uncertainties.\nAdditional factors that could cause actual results to differ materially from\nthose projected or suggested in any forward-looking statements are contained\nin our filings with the SEC, including those factors discussed under the\ncaption \"Risk Factors\" in such filings.\n\nYou are cautioned not to place undue reliance on forward-looking statements\nbecause of the risks and uncertainties related to them and to the risk\nfactors. The Company disclaims any obligation to update any forward-looking\nstatements to reflect any new information or future events or circumstances or\notherwise, except as required by law. You should read this communication in\nconjunction with other documents which the Company may file or furnish from\ntime to time with the SEC.\n\nAbout National Energy Services Reunited Corp.\n\nFounded in 2017, NESR is one of the largest national oilfield services\nproviders in the MENA and Asia Pacific regions. With over 7,000 employees,\nrepresenting more than 60 nationalities in 16 countries, the Company helps its\ncustomers unlock the full potential of their reservoirs by providing\nProduction Services such as Hydraulic Fracturing, Cementing, Coiled Tubing,\nFiltration, Completions, Stimulation, Pumping and Nitrogen Services. The\nCompany also helps its customers to access their reservoirs in a smarter and\nfaster manner by providing Drilling and Evaluation Services such as Drilling\nDownhole Tools, Directional Drilling, Fishing Tools, Testing Services,\nWireline, Slickline, Drilling Fluids and Rig Services.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nesr-and-aramco-sign-agreement-to-deliver-the-regions-first-direct-lithium-extraction-project-302901751.html\n(https://www.prnewswire.com/news-releases/nesr-and-aramco-sign-agreement-to-deliver-the-regions-first-direct-lithium-extraction-project-302901751.html)\n\nSOURCE NATIONAL ENERGY SERVICES REUNITED\n\n\n\nMedia Contacts: For media inquiries, please contact: Lubna Hamdan, National Energy Services Reunited Corp.,lubna@nesr.com; For inquiries regarding NESR or NEDA, or for investor queries, please contact: Blake Gendron, National Energy Services Reunited Corp., 832-925-3777, investors@nesr.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1962376/NESR-Logo.jpg?id=OA2993631\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5VxvRya-20261008","title":"NESR and Aramco Sign Agreement to Deliver the Region's First Direct Lithium Extraction Project","author":"PR Newswire","ticker":"NESR","created":"2026-10-08T10:00:02.639Z","tickers":["NESR"],"exchange":"NASDAQ","article_body":"NESR and Aramco Sign Agreement to Deliver the Region's First Direct Lithium Extraction Project\nPR Newswire\n\nDHAHRAN, Saudi Arabia, Oct. 8, 2026\n\nThe turnkey project leverages NESR's LiThara™ platform to include\npre-treatment, direct lithium extraction, and carbonation technology for Saudi\nArabia's first lithium project, with up to five-year contract value of\napproximately USD $200 million\n\nDHAHRAN, Saudi Arabia, Oct. 8, 2026 /PRNewswire/ -- National Energy Services\nReunited Corp. (NESR), a leading oilfield services provider in the Middle East\nand North Africa (MENA), today announced that its business segment, NESR\nEnvironmental and Decarbonization Applications (NEDA), has entered into an\nagreement with Aramco to execute the Aramco 2027 Lithium Demonstration Project\nin the Kingdom of Saudi Arabia. This first-of-its-kind project aims to produce\n2,000 tons per annum (tpa) of battery-grade lithium carbonate, with\ncommissioning and start of production planned for late 2027.\n\nThis agreement combines Aramco's deep subsurface expertise, honed over decades\nof exploration and operations, along with NEDA's integrated pre-treatment,\ndirect lithium extraction (DLE), and carbonation technology portfolio, housed\nunder NESR's LiThara™ platform. LiThara™ modular solutions are designed\nto condition brine feedstock and extract lithium in a single, integrated\nprocess, enabling rapid, scalable deployment. This approach offers competitive\noperating costs and ensures that the production of battery-grade lithium\ncarbonate meets the fast-growing demand of the global energy transition.\n\nThe project also builds on NESR's regional subsurface and field operations\nexperience across the Kingdom of Saudi Arabia.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nStatements contained in this press release that are not historical fact may be\nforward-looking within the meaning of Section 27A of the Securities Act of\n1933 and Section 21E of the Securities Exchange Act of 1934, each as amended.\nSuch forward-looking statements do not constitute guarantees of future\nperformance and are subject to a variety of risks and uncertainties.\nAdditional factors that could cause actual results to differ materially from\nthose projected or suggested in any forward-looking statements are contained\nin our filings with the SEC, including those factors discussed under the\ncaption \"Risk Factors\" in such filings.\n\nYou are cautioned not to place undue reliance on forward-looking statements\nbecause of the risks and uncertainties related to them and to the risk\nfactors. The Company disclaims any obligation to update any forward-looking\nstatements to reflect any new information or future events or circumstances or\notherwise, except as required by law. You should read this communication in\nconjunction with other documents which the Company may file or furnish from\ntime to time with the SEC.\n\nAbout National Energy Services Reunited Corp.\n\nFounded in 2017, NESR is one of the largest national oilfield services\nproviders in the MENA and Asia Pacific regions. With over 7,000 employees,\nrepresenting more than 60 nationalities in 16 countries, the Company helps its\ncustomers unlock the full potential of their reservoirs by providing\nProduction Services such as Hydraulic Fracturing, Cementing, Coiled Tubing,\nFiltration, Completions, Stimulation, Pumping and Nitrogen Services. The\nCompany also helps its customers to access their reservoirs in a smarter and\nfaster manner by providing Drilling and Evaluation Services such as Drilling\nDownhole Tools, Directional Drilling, Fishing Tools, Testing Services,\nWireline, Slickline, Drilling Fluids and Rig Services.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nesr-and-aramco-sign-agreement-to-deliver-the-regions-first-direct-lithium-extraction-project-302901751.html\n(https://www.prnewswire.com/news-releases/nesr-and-aramco-sign-agreement-to-deliver-the-regions-first-direct-lithium-extraction-project-302901751.html)\n\nSOURCE NATIONAL ENERGY SERVICES REUNITED\n\n\n\nMedia Contacts: For media inquiries, please contact: Lubna Hamdan, National Energy Services Reunited Corp.,lubna@nesr.com; For inquiries regarding NESR or NEDA, or for investor queries, please contact: Blake Gendron, National Energy Services Reunited Corp., 832-925-3777, investors@nesr.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1962376/NESR-Logo.jpg?id=OA2993631\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-08T10:00:02.701085814Z","server_sent_at_ms":1791453602701},"received_at":"2026-10-08T10:00:02.751Z","source_url":"https://www.prnewswire.com/news-releases/nesr-and-aramco-sign-agreement-to-deliver-the-regions-first-direct-lithium-extraction-project-302901751.html"},"analysis":{"id":"152355","press_release_id":"163918","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"operations_update","narrative":"NESR's NEDA segment signed an agreement with Aramco to execute the Aramco 2027 Lithium Demonstration Project, Saudi Arabia's first lithium project, with an up to five-year contract value of approximately $200 million.\n\nThe turnkey project uses NESR's LiThara™ platform for pre-treatment, direct lithium extraction, and carbonation, targeting 2,000 tons per annum of battery-grade lithium carbonate with production starting late 2027.\n\nThe deal marks NESR's diversification beyond oilfield services into energy-transition minerals alongside its largest domestic customer.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"NESR lands its first lithium contract with Aramco -- a $200M diversification into direct lithium extraction via the LiThara platform."},"keyFigures":{"dealValueUsd":200000000,"customDimensions":{"production_start":"late 2027","contract_duration":"up to five years","production_capacity_tpa":2000}},"namedEntities":{"people":[],"products":["LiThara™","battery-grade lithium carbonate"],"companies":[{"name":"National Energy Services Reunited Corp.","ticker":"NESR","relationship":"filer/contractor"},{"name":"Aramco","relationship":"customer/partner"}],"dollarAmounts":[{"amount":"USD $200 million","context":"up to five-year contract value"}]},"materialImpact":{"score":3,"reasoning":"First-of-its-kind contract win with Aramco for Saudi Arabia's first lithium project, with up to five-year contract value of approximately $200 million — material for a mid-cap oilfield services firm, but it is a contract award rather than a market-moving binary event."},"tickerRelevance":{"others":[],"primary":"NESR"},"globalImportance":35,"audienceRelevance":30,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"mid-cap international","eventGravity":"contract-win-with-counterweight-Aramco","sectorWeight":"energy-services diversification story","contractValueVsSize":"material but not transformative"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":3,"narrative":"NESR's NEDA segment signed an agreement with Aramco to execute the Aramco 2027 Lithium Demonstration Project, Saudi Arabia's first lithium project, with an up to five-year contract value of approximately $200 million.\n\nThe turnkey project uses NESR's LiThara™ platform for pre-treatment, direct lithium extraction, and carbonation, targeting 2,000 tons per annum of battery-grade lithium carbonate with production starting late 2027.\n\nThe deal marks NESR's diversification beyond oilfield services into energy-transition minerals alongside its largest domestic customer.","key_figures":{"dealValueUsd":200000000,"customDimensions":{"production_start":"late 2027","contract_duration":"up to five years","production_capacity_tpa":2000}},"named_entities":{"people":[],"products":["LiThara™","battery-grade lithium carbonate"],"companies":[{"name":"National Energy Services Reunited Corp.","ticker":"NESR","relationship":"filer/contractor"},{"name":"Aramco","relationship":"customer/partner"}],"dollarAmounts":[{"amount":"USD $200 million","context":"up to five-year contract value"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-08T10:00:09.415Z","global_importance":35,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap international","eventGravity":"contract-win-with-counterweight-Aramco","sectorWeight":"energy-services diversification story","contractValueVsSize":"material but not transformative"}},"durationMs":6649,"modelName":"glm-5.3-flashx"}}