TAQA Well Services LLC a fully owned subsidiary of the Industrialization and Energy Services Company (TAQA) JSC, announced today the signature of a Mega Integrated Fracturing services contract valued more than SAR1.0 BN over the contract duration which may extend to five years.
The award is considered a major market share gain for TAQA. The scope of work includes Fracturing, Perforations, Well Testing and Coiled Tubing services as well as other Engineering and 3rd party services to deliver multistage frac services for conventional gas wells.
Khalid Nouh, TAQA Chief Executive Officer said “This award is inline with TAQA 2021 strategy to grow the business and capture more share of critical projects such as integrated Hydraulic Fracturing. We are very excited with this award, and are thankful to our customers for the trust they have in TAQA and its subsidiaries.”