National Energy Services Reunited (NESR) 6-K 6 Aug 21 2021 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2021
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-38091
Entity Registrant Name	NATIONAL ENERGY SERVICES REUNITED CORP.
Entity Central Index Key	0001698514
Entity Address, Address Line One	777 Post Oak Blvd.
Entity Address, Address Line Two	Suite 730
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 66,074	$ 75,012
Accounts receivable, net	116,483	116,835
Unbilled revenue	117,909	158,457
Service inventories	103,305	94,263
Prepaid assets	13,238	11,480
Retention withholdings	46,384	36,773
Other receivables	19,327	18,454
Other current assets	3,695	3,943
Total current assets	486,415	515,217
Non-current assets
Property, plant and equipment, net	452,453	437,743
Intangible assets, net	131,424	110,376
Goodwill	628,752	620,921
Other assets	7,853	2,797
Total assets	1,706,897	1,687,054
Liabilities
Accounts payable	138,914	144,614
Accrued expenses	39,977	73,783
Current installments of long-term debt	54,077	47,500
Short-term borrowings	59,709	42,360
Income taxes payable	7,472	9,420
Other taxes payable	5,095	11,289
Other current liabilities	49,542	30,400
Total current liabilities	354,786	359,366
Long-term debt	287,483	308,614
Deferred tax liabilities	19,447	21,070
Employee benefit liabilities	23,520	21,515
Other liabilities	37,515	32,071
Total liabilities	722,751	742,636
Commitments and contingencies (Note 14)
Equity
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding at June 30, 2021 and December 31, 2020, respectively
Common stock and additional paid in capital, no par value; unlimited shares authorized; 91,119,218 and 87,777,553 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	851,548	831,146
Retained earnings	132,509	113,216
Accumulated other comprehensive income	97	64
Total shareholders’ equity	984,154	944,426
Non-controlling interests	(8)	(8)
Total equity	984,146	944,418
Total liabilities and equity	$ 1,706,897	$ 1,687,054

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, no par value	$ 0	$ 0
Preferred stock, authorized unlimited	Unlimited	Unlimited
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, no par value	$ 0	$ 0
Common stock, authorized unlimited	Unlimited	Unlimited
Common stock, shares issued	91,119,218	87,777,553
Common stock, shares outstanding	91,119,218	87,777,553

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenues	$ 234,927	$ 203,249	$ 447,353	$ 402,548
Cost of services	(193,931)	(164,343)	(368,242)	(322,613)
Gross profit	40,996	38,906	79,111	79,935
Selling, general and administrative expenses	(22,379)	(17,114)	(40,525)	(35,741)
Amortization	(4,499)	(3,934)	(8,507)	(7,821)
Operating income	14,118	17,858	30,079	36,373
Interest expense, net	(3,234)	(4,165)	(6,397)	(8,675)
Gain/(loss) on Private Warrant Liability		(22)		558
Other income / (expense), net	(655)	(309)	(372)	(420)
Income before income tax	10,229	13,362	23,310	27,836
Income tax expense	(2,408)	(2,848)	(4,017)	(5,375)
Net income	7,821	10,514	19,293	22,461
Net income / (loss) attributable to non-controlling interests
Net income attributable to shareholders	$ 7,821	$ 10,514	$ 19,293	$ 22,461
Weighted average shares outstanding:
Basic	91,124,273	88,232,694	90,788,083	87,731,986
Diluted	94,636,374	88,232,694	93,368,023	87,731,986
Net earnings per share (Note 16):
Basic	$ 0.09	$ 0.12	$ 0.21	$ 0.25
Diluted	$ 0.08	$ 0.12	$ 0.21	$ 0.25

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net income	$ 7,821	$ 10,514	$ 19,293	$ 22,461
Other comprehensive income, net of tax
Foreign currency translation adjustments		6	33	35
Total Comprehensive Income, net of tax	7,821	10,520	19,326	22,496
Comprehensive income attributable to non-controlling interest
Comprehensive income attributable to shareholders	$ 7,821	$ 10,520	$ 19,326	$ 22,496

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common stock and additional paid in capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total company stockholders equity [Member]	Noncontrolling Interest [Member]	Total
Balance at ending, value at Dec. 31, 2019	$ 822,942	$ 29	$ 62,571	$ 885,542		$ 885,542
Balance at ending, shares at Dec. 31, 2019	87,187,289
Share-based compensation expense	$ 3,760			3,760		3,760
Vesting of restricted share units
Vesting of restricted share units, shares	307,932
Conversion of Private Warrants to Public Warrants	$ 372			372		372
Shares issued to SAPESCO Selling Shareholders (Note 4)
Other	$ 2	35		37	59	96
Other, shares
Net income			22,461	22,461		22,461
Balance at ending, value at Jun. 30, 2020	$ 827,076	64	85,032	912,172	59	912,231
Balance at ending, shares at Jun. 30, 2020	87,495,221
Balance at beginning, value at Dec. 31, 2019	$ 822,942	29	62,571	885,542		885,542
Balance at beginning, shares at Dec. 31, 2019	87,187,289
Balance at ending, value at Dec. 31, 2020	$ 831,146	64	113,216	944,426	(8)	944,418
Balance at ending, shares at Dec. 31, 2020	87,777,553
Balance at beginning, value at Mar. 31, 2020	$ 824,577	58	74,518	899,153		899,153
Balance at beginning, shares at Mar. 31, 2020	87,495,221
Share-based compensation expense	$ 2,125			2,125		2,125
Conversion of Private Warrants to Public Warrants	372			372		372
Other	$ 2	6		8	59	67
Other, shares
Net income			10,514	10,514		10,514
Balance at ending, value at Jun. 30, 2020	$ 827,076	64	85,032	912,172	59	912,231
Balance at ending, shares at Jun. 30, 2020	87,495,221
Balance at beginning, value at Dec. 31, 2020	$ 831,146	64	113,216	944,426	(8)	944,418
Balance at beginning, shares at Dec. 31, 2020	87,777,553
Balance at ending, value at Mar. 31, 2021	$ 846,160	97	124,688	970,945	(8)	970,937
Balance at ending, shares at Mar. 31, 2021	90,852,607
Balance at beginning, value at Dec. 31, 2020	$ 831,146	64	113,216	944,426	(8)	944,418
Balance at beginning, shares at Dec. 31, 2020	87,777,553
Share-based compensation expense	$ 4,600			4,600		4,600
Vesting of restricted share units
Vesting of restricted share units, shares	693,015
Shares issued to SAPESCO Selling Shareholders (Note 4)	$ 15,802			15,802		15,802
Shares issued to SAPESCO Selling Shareholders (Note 4), shares	2,648,650
Other		33		33		33
Other, shares
Net income			19,293	19,293		19,293
Balance at ending, value at Jun. 30, 2021	$ 851,548	97	132,509	984,154	(8)	984,146
Balance at ending, shares at Jun. 30, 2021	91,119,218
Balance at beginning, value at Mar. 31, 2021	$ 846,160	97	124,688	970,945	(8)	970,937
Balance at beginning, shares at Mar. 31, 2021	90,852,607
Share-based compensation expense	$ 3,039			3,039		3,039
Vesting of restricted share units
Vesting of restricted share units, shares
Conversion of Private Warrants to Public Warrants
Shares issued to SAPESCO Selling Shareholders (Note 4)	$ 2,349			2,349		2,349
Shares issued to SAPESCO Selling Shareholders (Note 4), shares	266,611
Other
Other, shares
Net income			7,821	7,821		7,821
Balance at ending, value at Jun. 30, 2021	$ 851,548	$ 97	$ 132,509	$ 984,154	$ (8)	$ 984,146
Balance at ending, shares at Jun. 30, 2021	91,119,218

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 7,821	$ 10,514	$ 19,293	$ 22,461
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			62,320	59,585
Share-based compensation expense			4,600	3,760
Loss (Gain) on disposal of assets			367	240
Non-cash interest (income) expense			(51)	(125)
Deferred tax expense (benefit)			(1,623)	(2,126)
Allowance for (reversal of) doubtful receivables			286	(26)
Provision for obsolete service inventories				614
Loss (Gain) on Private Warrant liability		22		(558)
Other operating activities, net			240	219
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable			9,308	1,887
(Increase) decrease in Unbilled revenue			41,900	(44,517)
(Increase) decrease in Retention withholdings			(9,611)	(8,701)
(Increase) decrease in inventories			(6,288)	(7,883)
(Increase) decrease in prepaid expenses			(1,449)	857
(Increase) decrease in other current assets			1,567	6,685
(Increase) decrease in other long-term assets and liabilities			(516)	(2,140)
Increase (decrease) in accounts payable and accrued expenses			(32,038)	23,185
Increase (decrease) in other current liabilities			(8,834)	(818)
Net cash provided by operating activities			79,471	52,599
Cash flows from investing activities:
Capital expenditures			(32,568)	(50,661)
Proceeds from disposal of assets			784	1,277
Acquisition of business, net of cash acquired			(36,923)	3,740
Other investing activities			(3,104)	(570)
Net cash used in investing activities			(71,811)	(46,214)
Cash flows from financing activities:
Proceeds from long-term debt				15,000
Repayments of long-term debt			(15,000)
Proceeds from short-term borrowings			58,394	3,999
Repayments of short-term borrowings			(40,938)	(7,131)
Payments on capital leases			(10,117)	(11,180)
Payments on seller-provided financing for capital expenditures			(8,830)	(992)
Other financing activities, net			(141)
Net cash provided by (used in) financing activities			(16,632)	(304)
Effect of exchange rate changes on cash			34	35
Net increase (decrease) in cash			(8,938)	6,116
Cash and cash equivalents, beginning of period			75,012	73,201	$ 73,201
Cash and cash equivalents, end of period	$ 66,074	$ 79,317	66,074	79,317	$ 75,012
Supplemental disclosure of cash flow information (also refer Note 3):
Interest paid			4,696	3,970
Income taxes paid			$ 8,100	$ 5,800

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS National Energy Services Reunited Corp. (“NESR,” the “Company,” “we,” “our,” “us” or similar terms), a British Virgin Islands corporation headquartered in Houston, Texas, is one of the largest oilfield services providers in the Middle East North Africa (“MENA”) region. Formed in January 2017, NESR started as a special purpose acquisition company (“SPAC”) designed to invest in the oilfield services space globally. NESR filed a registration statement for its initial public offering in May 2017. In November 2017, NESR announced the acquisition of two oilfield services companies in the MENA region: NPS Holdings Limited (“NPS”) and Gulf Energy S.A.O.C. (“GES” and, together with NPS, the “Subsidiaries,” or the “NPS/GES Business Combination”). The formation of NESR as an operating entity was completed on June 7, 2018, after the transactions were approved by the NESR shareholders. On June 1, 2020, NESR further expanded its footprint within the MENA region when its NPS subsidiary acquired Sahara Petroleum Services Company S.A.E. (“SAPESCO,” the “SAPESCO Business Combination”). On May 5, 2021, NESR again expanded its footprint within the MENA region when its NPS subsidiary acquired specific oilfield service lines of Action Energy Company W.L.L. (“Action,” the “Action Business Combination”). NESR’s revenues are primarily derived by providing production services (“Production Services”) such as hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping and nitrogen services. NESR also provides drilling and evaluation services (“Drilling and Evaluation Services”) such as drilling downhole tools, directional drilling, fishing tools, testing services, wireline, slickline, fluids and rig services. NESR has significant operations throughout the MENA region including Saudi Arabia, Oman, Qatar, Iraq, Algeria, United Arab Emirates, Egypt, Libya and Kuwait.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting purposes. Accordingly, certain information and note disclosures normally included in full-year financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The accompanying Condensed Consolidated Balance Sheet as of December 31, 2020, has been derived from the audited consolidated financial statements as of that date, but does not include all disclosures required by U.S. GAAP. These condensed consolidated interim financial statements should be read in conjunction with the Company’s Annual Report on Form 20-F for the year ended December 31, 2020. In the opinion of management, all adjustments considered necessary for the fair statement of these condensed consolidated interim financial statements have been made. Except as otherwise disclosed, all such adjustments consist only of those of a normal recurring nature. Emerging growth company The Company is an “emerging growth company,” as defined in Section 2(a) of the U.S. Securities Act of 1933 as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make a comparison of the Company’s condensed consolidated interim financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of estimates The preparation of condensed consolidated interim financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated interim financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include estimates made towards the purchase price allocations for the acquisitions of SAPESCO and Action, allowance for doubtful accounts, evaluation for impairment of property, plant and equipment, evaluation for impairment of goodwill and intangible assets, estimated useful life of property, plant, and equipment and intangible assets, provision for inventories obsolescence, recoverability of unbilled revenue, unrecognized tax benefits, recoverability of deferred tax assets, contingencies, and actuarial assumptions in employee benefit plans. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the condensed consolidated interim financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from the estimates.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Supplemental cash flow information Non-cash transactions were as follows as of June 30, 2021: ● Purchases of property, plant, and equipment in Accounts payable and Accrued expenses at June 30, 2021 of $ 2.5 0.3 ● Capital lease obligations of $ 25.1 21.9 ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 11.3 ● Obligations of $ 0.1 7,268 ● Obligations of $ 17.3 5.8 ● During the year-to-date period ended June 30, 2021, the Company issued NESR ordinary share consideration of 2,237,000 145,039 266,611 shares primarily relating to Customer Receivables Earn-Out Shares, to the SAPESCO selling shareholders (Note 4). These transactions were non-cash and do not appear in the Condensed Consolidated Statement of Cash Flows for the year-to-date period ended June 30, 2021. Non-cash transactions for the year-to-date period ended June 30, 2020 were as follows: ● Purchases of property, plant, and equipment in Accounts payable, Accrued expenses and Short-term borrowings at June 30, 2020 of $ 15.2 million, $ 0.9 million, and $ 28.6 million, respectively, are not included under “Capital expenditures” within the Condensed Consolidated Statement of Cash Flows. ● Capital lease obligations of $ 27.0 million classified as a short-term obligation within Other current liabilities and $ 9.0 million classified as a long-term obligation within Other liabilities, are not included under “Payments on capital leases” within the Condensed Consolidated Statement of Cash Flows. ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 3.5 million included in Other current liabilities and $ 1.5 million in Other liabilities are not included under “Payments on seller-provided financing for capital expenditures” within the Condensed Consolidated Statement of Cash Flows. Additionally, purchases of property, plant, and equipment using seller-provided installment financing of $ 1.5 million included in Accounts Payable are not included under “Payments on seller-provided financing for capital expenditures” within the Condensed Consolidated Statement of Cash Flows. ● Obligations of $ 40.6 million classified, related to the future payments of cash and shares for the purchase of SAPESCO (Note 5), are not included under “Acquisition of business, net of cash acquired” within the Condensed Consolidated Statement of Cash Flows. Recently issued accounting standards not yet adopted The SEC permits qualifying Emerging Growth Companies (“EGC”) to defer the adoption of accounting standards updates until the time when a private company would adopt such standards. The Company continues to qualify as an EGC as of June 30, 2021. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, “Leases,” a new standard on accounting for leases. This update increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In June 2020, the FASB Issued ASU No. 2020-05, “Accounting Standards Update 2020-05—Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities.” ASU No. 2020-05 deferred the Company’s adoption of ASU 2016-02, as amended, to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company is currently evaluating the provisions of ASU 2016-02 and related interpretive amendments (ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842,” ASU 2018-10, “Codification Improvements to Topic 842, Leases,” ASU 2018-11, “Leases (Topic 842): Targeted Improvements,” ASU 2018-20, “Leases (Topic 842): Narrow-Scope Improvements for Lessors,” and ASU 2019-01, “Leases (Topic 842): Codification Improvements,” inclusive) and assessing the impact, if any, on its condensed consolidated interim financial statements and related disclosures. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting All other new accounting pronouncements that have been issued but not yet effective are currently being evaluated and, at this time, are not expected to have a material impact on our financial position or results of operations. Correction of Warrant Accounting for the quarter and year-to-date periods ended June 30, 2020 On April 12, 2021, the Staff of the SEC released Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) (the “Statement”). In response to the Statement, the Company determined that it had incorrectly accounted for its Private Warrants (Note 15) as equity, instead of liabilities. In accordance with ASC 480, Distinguishing Liabilities from Equity SCHEDULE OF RESTATEMENT As Previously Reported As Revised As Previously Reported As Revised Quarter ended June 30, 2020 Year-to-date period ended June 30, 2020 As Previously Reported As Revised As Previously Reported As Revised Condensed Consolidated Interim Statements of Operations Gain/(loss) on warrant liability $ - $ (22) $ - $ 558 Income before income tax 13,384 13,362 27,278 27,836 Net income 10,536 10,514 21,903 22,461 Basic earnings per share 0.12 0.12 0.25 0.25 Diluted earnings per share 0.12 0.12 0.25 0.25 Condensed Consolidated Interim Statements of Comprehensive Income Total Comprehensive Income, net of tax 10,542 10,520 21,938 22,496 Condensed Consolidated Interim Statements Of Shareholders’ Equity Retained Earnings 89,564 85,032 89,564 85,032 Total Company Shareholders’ Equity 912,172 912,172 912,172 912,172 Total Shareholders’ Equity 912,231 912,231 912,231 912,231 Condensed Consolidated Interim Statements of Cash Flows Net income 21,903 22,461 Loss (Gain) on warrant liability - 558 Correction of Warrant Accounting as of and for the Years Ended December 31, 2020 and 2019 and for the period From June 7, 2018 to December 31, 2018 As described above, in the first quarter of 2021, the Company determined that it had incorrectly accounted for its Private Warrants (Note 15) as equity, instead of liabilities. In accordance with ASC 480, Distinguishing Liabilities from Equity As of and for As of and for For the period from As Previously Reported As Revised As Previously Reported As Revised As Previously Reported As Revised Consolidated Balance Sheets Warranty liabilities $ - $ - $ - $ 930 Total liabilities 742,636 742,636 635,892 636,822 Total equity 944,418 944,418 886,472 885,542 Consolidated Statements of Operations Gain/(loss) on warrant liability - 557 - 5,054 $ - $ (1,816 ) Income before income tax 60,792 61,349 52,435 57,489 44,411 42,595 Net income 50,087 50,644 39,364 44,418 34,980 33,164 Basic earnings per share 0.56 0.57 0.45 0.51 0.41 0.39 Diluted earnings per share 0.56 0.56 0.45 0.45 0.40 0.38 Consolidated Statements of Comprehensive Income Total Comprehensive Income, net of tax 50,122 50,679 39,345 44,399 35,143 33,327 Consolidated Statements of Shareholders’ Equity Retained Earnings 117,748 113,216 67,661 62,571 28,297 18,153 Total Company Shareholders’ Equity 944,426 944,426 886,472 885,542 830,924 818,281 Total Shareholders’ Equity 944,418 944,418 886,472 885,542 830,991 818,348 Consolidated Statements of Cash Flows Net income 50,087 50,644 39,364 44,418 34,980 33,164 Loss (Gain) on warrant liability - 557 - 5,054 - (1,816 )

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Action Business Combination On May 5, 2021, NESR executed the Sale and Purchase Agreement (“Action Sale and Purchase Agreement”) to acquire specific oilfield service lines of Action Energy Company W.L.L. Description of the Action Transaction Under the terms of the Action Sale & Purchase Agreement, NESR acquired the working capital, property, plant, and equipment, contract labor force, and the economic benefit of three five-year customer contracts associated with specific oilfield service lines of Action in an all-cash transaction which comprised of $ 36.7 16.8 The Action Sale & Purchase Agreement also contained earn-out mechanisms that enabled the sellers to receive additional consideration after the closing of the Action Business Combination as follows: ● First Earn-Out Consideration (“First Earn-Out”) of 1% ● Second Earn-Out Consideration (“Second Earn-Out”) of 3% 66.66% ● Third Earn-Out Consideration (“Third Earn-Out”) of up to 1.12% Collectively, the First Earn-Out, Second Earn-Out, and Third Earn-Out were fair valued at $ 6.4 Financing of Action Business Combination Consideration for the Action Business Combination was funded through the following sources and transactions: ● cash and cash equivalents of $ 36.7 ● deferred cash consideration of $ 16.8 The following summarizes the consideration to purchase the working capital, property, plant, and equipment, contract labor force, and the economic benefit of three five-year customer contracts associated with specific oilfield service lines of Action: SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST 5.5.2021 Consideration (In US$ thousands) Cash consideration $ 36,767 Deferred cash consideration 16,786 Total consideration – cash 53,553 First Earn-Out 2,719 Second Earn-Out 3,639 Third Earn-Out - Total estimated earn-out mechanisms 6,358 Preliminary consideration $ 59,911 Accounting treatment The Action Business Combination was accounted for under ASC 805, Business Combinations (“ASC 805”). Pursuant to ASC 805, NESR has been determined to be the accounting acquirer. Action constitutes a business, with inputs, processes, and outputs. Accordingly, the acquisition of Action constitutes the acquisition of a business for purposes of ASC 805, and due to the change in control of Action was accounted for using the acquisition method. NESR recorded the fair value of assets acquired and liabilities assumed from Action. The allocation of the consideration to the tangible and intangible assets acquired and liabilities assumed, is based on various estimates. As of June 30, 2021, management was (1) finalizing fair value of purchase consideration, (2) completing physical verifications and obsolescence assessments for Service inventories, and Property, plant and equipment, (3) evaluating the fair value of Service inventories, Property, plant and equipment, and Intangible assets, (4) completing valuation procedures for certain current assets and liabilities, (5) finalizing our completeness procedures for liabilities, (6) accounting for income taxes, and (7) concluding valuation procedures for Employee benefit liabilities. As such, to the extent of these estimates, the purchase price allocation is preliminary. Management expects that these values will be finalized by the fourth quarter of 2021. Any adjustments will be recognized in the reporting period in which the adjustment amounts are determined. The following table summarizes the preliminary allocation of the purchase price allocation (in US$ thousands): SCHEDULE OF PURCHASE PRICE ALLOCATION Preliminary allocation of consideration 5.5.2021 Cash and cash equivalents $ 382 Accounts receivable 8,814 Unbilled revenue 1,352 Service inventories 2,952 Prepaid assets 310 Retention withholdings - Other current assets 1,756 Property, plant and equipment 13,605 Intangible assets 29,500 Other assets 2,053 Total identifiable assets acquired 60,724 Accounts payable 5,294 Accrued expenses 2,428 Current installments of long-term debt - Short-term borrowings - Income taxes payable - Other taxes payable - Other current liabilities 200 Deferred tax liabilities - Long-term debt - Employee benefit liabilities 722 Other liabilities - Non-controlling interests - Net identifiable liabilities acquired 8,644 Total fair value of net assets acquired 52,080 Goodwill 7,831 Preliminary consideration $ 59,911 All employee benefit liabilities relate to end of service benefits (Note 12). Intangible assets Intangible assets were identified that met either the separability criterion or the contractual-legal criterion described in ASC 805. The preliminary allocation to intangible assets is as follows (in US$ thousands): SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS Fair Value Total Useful Life (In US$ thousands) Customer relationships $ 29,500 10 Total intangible assets $ 29,500 Goodwill As of June 30, 2021, $ 7.8 In accordance with FASB ASC Topic 350, Goodwill and Other Intangible Assets Unaudited pro-forma information The following table summarizes the preliminary supplemental consolidated results of the Company on an unaudited pro-forma basis, as if the Action Business Combination had been consummated on January 1, 2020 for the quarter and year-to-date periods ended June 30, 2021 and 2020, respectively (in US$ thousands): SCHEDULE OF UNAUDITED PROFORMA INFORMATION June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Revenues $ 237,018 $ 208,615 $ 455,718 $ 413,280 Net income/(loss) 7,951 10,770 19,811 22,371 These pro-forma results were based on estimates and assumptions, which the Company believes are reasonable. They are not the results that would have been realized had the Company been a consolidated company during the periods presented and are not necessarily indicative of results of operations in future periods. The pro-forma results include adjustments primarily related to purchase accounting adjustments. Acquisition costs and other non-recurring charges incurred in connection with the Action Business Combination are included in the earliest period presented. Action revenue of $ 4.4 0.4 SAPESCO Business Combination In June of 2020, NESR executed the First Deed of Amendment (“First Deed of Amendment”) to the Agreement dated February 13, 2020 related to the sale and purchase of 99.7% of SAPESCO (collectively with the First Deed of Amendment, the “SAPESCO Sale & Purchase Agreement”). The executed First Deed of Amendment gave NESR control over SAPESCO effective from June 1, 2020. Accordingly, the accounting of the acquisition was carried out effective June 1, 2020. Description of the SAPESCO Transaction Under the terms of the SAPESCO Sale & Purchase Agreement, NESR acquired 99.7% of the issued and outstanding shares of SAPESCO in a cash and stock transaction which comprised of $ 11.0 million to be paid at closing, an additional $ 6.0 million to be paid in three equal installments, for total cash consideration of $ 17.0 million, and the issuance of 2,237,000 NESR shares. Formal closing and legal transfer of the $ 11.0 million of cash and $ 6.0 million of deferred cash consideration occurred during 2020. The transfer of 2,237,000 NESR ordinary shares was completed in the quarter ended March 31, 2021. The formal closing and transfer of consideration was temporarily delayed as a result of the global COVID-19 pandemic. The SAPESCO Sale & Purchase Agreement also contained earn-out mechanisms that enabled the sellers to receive additional consideration after the closing of the SAPESCO Business Combination as follows: ● Cash Earn-Out (“Cash Earn-Out”) of up to $ 6.9 million in cash based on collection of certain receivables; ● Additional Earn-Out Shares (“Additional Earn-Out Shares”) based on the collection of certain receivables and only to the extent that NESR’s average share price during the fourth quarter of 2020 was less than $ 9 per share; and ● Customer Receivables Earn-Out Shares (“Customer Receivables Earn-Out Shares”) based on the collection of certain long-dated and/or doubtful receivables for two years subsequent to the Closing Date, to be settled at the NESR Additional Share Price (“NESR Additional Share Price”) which is derived from taking the average of the price of the Company’s shares (“NESR Shares”) during each calendar quarter within the 12 months after the Closing Date and applying the average price in each quarter to the long-dated and doubtful receivables collected during the relevant quarter, provided that if such price is: (a) less than $ 10 , the NESR Additional Share Price shall be $ 10 or (b) greater than $ 11.70 , the NESR Additional Share Price shall be $ 11.70 . Collectively, the Cash Earn-Out and Additional Earn-Out Shares were fair valued at $ 11.7 million as of June 1, 2020. The Cash Earn-Out was determined using a discounted cash flow approach within a scenario analysis. The Additional Earn-Out Shares were valued using a Monte Carlo simulation. In the fourth quarter of 2020, the Company reduced the liabilities recorded for the Cash Earn-Out and Additional Earn-Out Shares to $ 2.1 million based on expected settlement values at the reporting date that were subsequently finalized with the sellers in the quarter ended March 31, 2021. This adjustment was reflected in Other income/(expense), net, as ASC 805 precludes adjusting goodwill for subsequent revisions to contingent consideration. The downward revision to the liabilities recorded for the Cash Earn-Out and Additional Earn-Out Shares was primarily on account of settlement negotiations with the sellers during the fourth quarter of 2020 that altered the mix of cash and equity consideration to be paid upon final settlement of these earn-outs. The Cash Earn-Out and Additional Earn-Out Shares were formally settled in the quarter ended March 31, 2021 through the transfer of $ 0.5 million of cash and 145,039 ordinary shares valued at $ 1.6 million, respectively. The Customer Receivables Earn-Out Shares contingency and corresponding long-dated and doubtful receivables, were fair valued at $ 0.0 (zero) at June 1, 2020. Subsequently, as the Company has collected some of these amounts and disbursed 266,611 shares to the SAPESCO selling shareholders. The Company has recorded $ 0.1 million of Other Current Liabilities as of June 30, 2021 relating primarily to the expected issuance of 7,268 Customer Receivables Earn-Out Shares later in 2021. Financing of SAPESCO Business Combination Consideration for the SAPESCO Business Combination was funded through the following sources and transactions: ● cash and cash equivalents of $ 11.0 million; ● deferred cash consideration of $ 6.0 million; ● the issuance of 2,237,000 NESR ordinary shares to the SAPESCO selling shareholders in exchange for their SAPESCO shares. The following summarizes the consideration to purchase 99.7% of the issued and outstanding equity interests of SAPESCO: SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST SAPESCO Value (In US$ thousands) Shares Cash consideration $ 16,958 Total consideration – cash 16,958 NESR ordinary share consideration 12,013 2,237,000 Total consideration – equity (1) 12,013 2,237,000 Cash Earn-Out 5,301 Additional Earn-Out Shares 6,377 (2) Total estimated earn-out mechanisms 11,678 (2) Total consideration $ 40,649 2,237,000 (1) The fair value of NESR ordinary shares was determined based upon the $ 5.37 per share closing price of NESR ordinary shares on June 1, 2020, the acquisition date of the SAPESCO Business Combination. Control was transferred by agreement with the selling shareholders of SAPESCO. (2) The quantity of Additional Earn-Out Shares was negotiated in the quarter ended December 31, 2020 and finalized in the quarter ended March 31, 2021 when settled with the sellers for 145,039 shares. Accounting treatment The SAPESCO Business Combination was accounted for under ASC 805, Business Combinations (“ASC 805”). Pursuant to ASC 805, NESR has been determined to be the accounting acquirer. SAPESCO constitutes a business, with inputs, processes, and outputs. Accordingly, the acquisition of SAPESCO constitutes the acquisition of a business for purposes of ASC 805, and due to the change in control of SAPESCO was accounted for using the acquisition method. NESR recorded the fair value of assets acquired and liabilities assumed from SAPESCO. The following table summarizes the final allocation of the purchase price allocation (in US$ thousands): SCHEDULE OF PURCHASE PRICE ALLOCATION Allocation of consideration Cash and cash equivalents $ 3,740 Accounts receivable 14,847 Unbilled revenue 6,126 Service inventories 5,641 Prepaid assets 679 Retention withholdings 279 Other current assets 552 Property, plant and equipment 14,385 Intangible assets 3,340 Other assets 200 Total identifiable assets acquired 49,789 Accounts payable 11,984 Accrued expenses 6,613 Current installments of long-term debt 5,400 Short-term borrowings 5,692 Income taxes payable 313 Other taxes payable 3,802 Other current liabilities 2,237 Long-term debt 15,572 Employee benefit liabilities 1,455 Other liabilities 2,237 Non-controlling interests (8 ) Net identifiable liabilities acquired 55,297 Total fair value of net assets acquired (5,508 ) Goodwill 46,157 Total consideration $ 40,649 All employee benefit liabilities relate to end of service benefits (Note 12). The Company finalized its valuation of identifiable assets and liabilities during the quarter ended December 31, 2020. Intangible assets Intangible assets were identified that met either the separability criterion or the contractual-legal criterion described in ASC 805. The final allocation to intangible assets is as follows (in US$ thousands): SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS Fair Value Total Useful Life (In US$ thousands) Customer relationships $ 2,900 8 years Trademarks and trade names 440 2 years Total intangible assets $ 3,340 Goodwill As of June 30, 2021, $ 46.2 million has been allocated to goodwill. Goodwill represents the excess of the gross consideration transferred over the fair value of the underlying net tangible and identifiable definite-lived intangible assets acquired. Goodwill is not amortizable and/or deductible for tax purposes. Qualitative factors that contribute to the recognition of goodwill include certain intangible assets that are not recognized as separate identifiable intangible assets apart from goodwill. Intangible assets not recognized apart from goodwill consist primarily of the strong market positions and the assembled workforces. In accordance with FASB ASC Topic 350, Goodwill and Other Intangible Assets Unaudited pro-forma information The following table summarizes the supplemental consolidated results of the Company on an unaudited pro-forma basis, as if the SAPESCO Business Combination had been consummated on January 1, 2019 for the quarter and year-to-date periods ended June 30, 2020 (in US$ thousands): SCHEDULE OF UNAUDITED PROFORMA INFORMATION Quarter ended Year-to-date period ended June 30, 2020 June 30, 2020 Revenues $ 209,563 $ 421,287 Net income/(loss) 7,034 19,184 These pro-forma results were based on estimates and assumptions, which the Company believes are reasonable. They are not the results that would have been realized had the Company been a consolidated company during the periods presented and are not necessarily indicative of results of operations in future periods. SAPESCO’s results for the periods presented include significant charges for restructuring and related activities that may not have been incurred had the Company been a consolidated company during the periods presented. The pro-forma results include adjustments primarily related to purchase accounting adjustments. Acquisition costs and other non-recurring charges incurred in connection with the SAPESCO Business Combination are included in the earliest period presented. SAPESCO revenue of $ 16.5 million and $ 31.3 million and net income of $ 2.7 million and $ 7.6 million are included in the Condensed Consolidated Statement of Operations during the quarter and year-to-date periods ended June 30, 2021, respectively.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Disaggregation of revenue There is significant homogeneity amongst the Company’s revenue-generating activities. In all service lines, the Company provides a “suite of services” to fulfill a customer purchase/service order, encompassing personnel, use of Company equipment, and supplies required to perform the services. 98% of the Company’s revenue is from the MENA region with the majority sourced from governmental customers, predominantly in Oman and Saudi Arabia. Information regularly reviewed by the chief operating decision maker (“CODM”) for evaluating the financial performance of operating segments is focused on the timing of when the services are performed during a well’s lifecycle. Production Services are services performed during the production stage of a well’s lifecycle. Drilling and Evaluation Services are services performed during the pre-production stages of a well’s lifecycle. Based on these considerations, the following table provides disaggregated revenue data by the phase in a well’s lifecycle during which revenue has been recorded (in US$ thousands): SCHEDULE OF DISAGGREGATION OF REVENUE BY SERVICE TYPE Quarter ended Year-to-date period ended Revenue by Phase in Well’s Lifecycle: June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Production Services $ 152,670 $ 139,034 $ 289,437 $ 272,224 Drilling and Evaluation Services 82,257 64,215 157,916 130,324 Total revenue by phase in well’s life cycle $ 234,927 $ 203,249 $ 447,353 $ 402,548

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE The following table summarizes the accounts receivable of the Company as of the period end dates set forth below (in US$ thousands): SCHEDULE OF ACCOUNTS RECEIVABLE June 30, December 31, 2021 2020 Trade receivables $ 118,138 $ 118,557 Less: allowance for doubtful accounts (1,655 ) (1,722 ) Total $ 116,483 $ 116,835 Trade receivables relate to the sale of services, for which credit is extended based on the Company’s evaluation of the customer’s creditworthiness. The gross contractual amounts of trade receivables at June 30, 2021 and December 31, 2020 were $ 118.1 118.6 million, respectively. The movement in the allowance for doubtful accounts is as follows (in US$ thousands): SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Allowance for doubtful accounts at beginning of period $ (1,541 ) $ (2,442 ) $ (1,722 ) $ (1,843 ) (Increase) decrease to allowance for the period (207 ) (25 ) (286 ) 26 (Recovery) write-off of doubtful accounts 93 161 353 161 Non-cash reclass of allowance for doubtful accounts from unbilled revenue to accounts receivable ( - ) (59 ) ( - ) (708 ) Allowance for doubtful accounts at end of period $ (1,655 ) $ (2,365 ) $ (1,655 ) $ (2,365 )

SERVICE INVENTORIES

SERVICE INVENTORIES	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
SERVICE INVENTORIES	SERVICE INVENTORIES The following table summarizes the service inventories for the period end dates as set forth below (in US$ thousands): SCHEDULE OF SERVICE INVENTORIES June 30, December 31, 2021 2020 Spare parts $ 59,786 $ 54,709 Chemicals 27,237 24,422 Consumables 16,282 15,132 Total $ 103,305 $ 94,263

PROPERTY, PLANT & EQUIPMENT

PROPERTY, PLANT & EQUIPMENT	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT & EQUIPMENT	PROPERTY, PLANT & EQUIPMENT Property, plant and equipment, net of accumulated depreciation, of the Company consists of the following as of the period end dates set forth below (in US$ thousands): SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Estimated Useful Lives (in years) June 30, 2021 December 31, 2020 Buildings and leasehold improvements 5 to 25 $ 34,801 $ 31,827 Drilling rigs, plant and equipment 3 to 15 579,963 534,964 Furniture and fixtures 5 2,509 2,282 Office equipment and tools 3 to 10 37,516 39,174 Vehicles and cranes 5 to 8 7,280 7,429 Less: Accumulated depreciation (230,869 ) (193,261 ) Land 5,104 5,104 Capital work in progress 16,149 10,224 Total $ 452,453 $ 437,743 The Company recorded depreciation expense of $ 27.6 26.4 million, $ 53.8 51.8 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	9. GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill of the Company between December 31, 2020, and June 30, 2021 are as follows (in US$ thousands): SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL Production Services Drilling and Evaluation Services Goodwill Balance as of December 31, 2020 $ 443,457 177,464 620,921 Action Business Combination 4,578 3,253 7,831 Balance as of June 30, 2021 $ 448,035 180,717 628,752 Intangible assets subject to amortization, net The following is the weighted average amortization period for intangible assets of the Company subject to amortization (in years): SCHEDULE OF WEIGHTED AVERAGE AMORTIZATION PERIOD FOR INTANGIBLE ASSETS Amortization Customer contracts & relationships 10.0 Trademarks and trade names 7.9 Total intangible assets 9.7 The details of our intangible assets subject to amortization are set forth below (in US$ thousands): SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION June 30, 2021 December 31, 2020 Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer contracts & relationships $ 153,900 $ (38,498 ) $ 115,402 $ 124,400 $ (31,685 ) $ 92,715 Trademarks and trade names 25,940 (9,918 ) 16,022 25,940 (8,279 ) 17,661 Total intangible assets $ 179,840 $ (48,416 ) $ 131,424 $ 150,340 $ (39,964 ) $ 110,376 The aggregate amortization expense remaining for each of the five years subsequent to December 31, 2020 is $ 9.4 18.7 18.7 18.7 18.7

DEBT

DEBT	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
DEBT	DEBT Long-term debt The Company’s long-term debt obligations consist of the following (in US$ thousands): SCHEDULE OF LONG TERM DEBT OBLIGATIONS June 30, 2021 December 31, 2020 Secured Term Loan $ 270,000 $ 285,000 Secured Revolving Credit Facility 65,000 65,000 CIB Long-Term Debt 10,000 10,000 Less: unamortized debt issuance costs (3,440 ) (3,886 ) Total loans and borrowings 341,560 356,114 Less: current installments of long-term debt (54,077 ) (47,500 ) Long-term debt, net of unamortized debt issuance costs and excluding current installments $ 287,483 $ 308,614 Secured Facilities Agreement On May 5, 2019, the Company entered into a $ 450.0 million term loan, revolving credit, and working capital facilities agreement (the “Secured Facilities Agreement”) with Arab Petroleum Investments Corporation (“APICORP”) – Bahrain Banking Branch, HSBC Bank Middle East Limited (“HSBC”), Mashreqbank PSC and Saudi British Bank acting as initial mandated lead arrangers and bookrunners, Mashreqbank PSC acting as global agent, APICORP and Mashreqbank PSC acting as security agents, NPS Bahrain for Oil and Gas Wells Services WLL (“NPS Bahrain”) and its Kuwait branch, Gulf Energy SAOC and National Petroleum Technology Company as borrowers, and HSBC, Mashreqbank PSC, APICORP and Saudi British Bank, as the “Lenders.” On May 23, 2019 and June 20, 2019, the Company entered into $ 35.0 million and $ 40.0 million Incremental Facilities Agreements, respectively, increasing the size of the Secured Facilities Agreement to $ 485.0 million and $ 525.0 million, respectively. During the year ended December 31, 2020, the Secured Facilities Agreement was reduced to $ 501.3 million primarily as a result of the non-renewal of a project-specific letter of credit and the payment of the first two installments of the long-term loan. During the year-to-date period ended June 30, 2021, the Secured Facilities Agreement was increased to $ 504 17.7 15.0 The $ 504 270 May 6, 2025 65.0 million revolving credit facility due by May 6, 2023 (“RCF” or “Secured Revolving Credit Facility”), and a $ 169.0 2.4% to 2.7% per annum, varying based on the Company’s Net Debt / EBITDA ratio as defined in the Secured Facilities Agreement. As of June 30, 2021, and December 31, 2020, this resulted in an interest rate of 2.6 2.6% , respectively. As of June 30, 2021, and December 31, 2020, the Company had drawn $ 270 285.0 million, respectively, of the Term Loan and $ 65 million and $ 65 million, respectively, of the RCF. The RCF was obtained for general corporate and working capital purposes including capital expenditure related requirements and acquisitions (including transaction related expenses). The RCF requires the payment of a commitment fee each quarter. The commitment fee is computed at the rate of 0.60% per annum based on the average daily amount by which the borrowing base exceeds the outstanding borrowings during each quarter. Under the terms of the RCF, the final settlement is due by May 6, 2023. The Company is required to repay the amount of any principal balance outstanding together with any unpaid accumulated interest at three-month LIBOR plus 2.4% to 2.7% per annum, varying based on the Company’s Net Debt / EBITDA ratio as defined in the Secured Facilities Agreement. The Company is permitted to make any prepayment under this RCF in multiples of $5.0 million during this 4-year period up to May 6, 2023. Any unutilized balances from the RCF can be drawn down again during the 4-year tenure at the same terms. As of June 30, 2021, and December 31, 2020, the Company had $ 0.0 0.0 (zero) million, respectively, available to be drawn under the RCF. The Secured Facilities Agreement also includes a working capital facility of $ 169.0 151.3 million as of June 30, 2021 and December 31, 2020, respectively, for issuance of letters of guarantee and letters of credit and refinancing letters of credit into short-term debt over a period of one year, which carries an interest rate equal to three-month U.S. Dollar LIBOR for the applicable interest period, plus a margin of 1.00% to 1.25% per annum . As of June 30, 2021, and December 31, 2020, the Company had utilized $ 140.6 129.4 million, respectively, under this working capital facility and the balance of $ 28.4 21.9 million, respectively, was available to the Company. The Company has also retained legacy bilateral working capital facilities from HSBC totaling $ 24.7 24.7 million at June 30, 2021 and December 31, 2020, respectively, in Qatar ($ 10.3 10.3 million at December 31, 2020), in the UAE ($ 14.3 14.3 million at December 31, 2020) and in Kuwait ($ 0.1 0.1 million at December 31, 2020). As of June 30, 2021, and December 31, 2020, the Company had utilized $ 18.2 18.5 million, respectively, under this working capital facility and the balance of $ 6.5 6.2 million, respectively, was available to the Company. Utilization of the working capital facilities under both the legacy arrangement and Secured Facilities Agreement comprises letters of credit issued to vendors, guarantees issued to customers, vendors, and others, and short-term borrowings used to settle letters of credit. Once a letter of credit is presented for payment by the vendor, the Company at its election can settle the letter of credit from available cash or leverage short-term borrowings available under both the legacy arrangement and Secured Facilities Agreement that will be repaid quarterly over a one-year period. Until a letter of credit is presented for payment by the vendor, it is disclosed as an off-balance sheet obligation. For additional discussion of outstanding letters of credit and guarantees, see Note 14, Commitments and Contingencies. The Secured Facilities Agreement includes covenants that specify maximum leverage (Net Debt / EBITDA) up to 3.50, minimum debt service coverage ratio (Cash Flow / Debt Service) of at least 1.25, and interest coverage (EBITDA / Interest) of at least 4.00. The Company is in compliance with all financial covenants as of June 30, 2021. CIB Long-Term Debt As part of the SAPESCO transaction, the Company assumed a $ 21.0 million debt obligation with Commercial International Bank (“CIB,” and collectively, “CIB Long-Term Debt”). Under the terms of its arrangement with CIB, the Company repaid $ 11.0 million of this balance during the third quarter of 2020 with the remaining $ 10.0 million due on August 15, 2021 . Borrowings under the CIB Long-Term Debt incur interest at 2% per annum over 6 months LIBOR (to be settled on monthly basis) plus 50 basis points per annum. As of June 30, 2021 and December 31, 2020, this resulted in an interest rate of 2.3 2.3% , respectively. The Company’s CIB Long-Term Debt is secured by a letter of guarantee from Mashreqbank PSC. Short-term debt The Company’s short-term debt obligations consist of the following (in US$ thousands): SCHEDULE OF SHORT TERM DEBT OBLIGATIONS June 30, 2021 December 31, 2020 CIB Short-Term Debt $ 1,387 $ 2,125 ABK Short-Term Debt 212 2,252 HSBC Loan Line 9,900 - Other short-term borrowings from working capital facilities 48,210 37,983 Short-term debt, excluding current installments of long-term debt $ 59,709 $ 42,360 Short-term borrowings primarily consist of financing for capital equipment and inventory purchases. CIB Short-Term Debt The Commercial International Bank Short-Term Debt facilities (collectively, “CIB Short-Term Debt”) include a $ 1.5 million U.S. Dollar time loan facility, a E£ 2 million Egyptian Pound time loan facility, and a E£ 10 million Egyptian pound time loan overdraft facility, and $ 14.5 million U.S. dollars in letters of guarantee. Each CIB Short-Term Debt borrowing matures three months from the date of borrowing with the latest maturity date for amounts outstanding as of June 30, 2021 being September 13, 2021. The U.S. Dollar time loan facility accrues interest at 2.25% per annum over 3 months LIBOR plus 50 basis points per annum of the Highest Monthly Debit Balance (“HMDB”) commission. The Egyptian Pound time loan and overdraft facilities accrue interest at 0.75% per annum over the Central Bank of Egypt’s Corridor Offer Rate plus 50 basis points per annum, HMDB commission . As of June 30, 2021, and December 31, 2020, the CIB Short-Term Debt resulted in an interest rate of 2.3 2.3% , respectively, for U.S. Dollar denominated balances, and 10.0 10.0% , respectively, for Egyptian Pound denominated balances. As of June 30, 2021, the Company had utilized $ 0.9 2.0 6.2 8.4 0.6 0.0 3.8 6.1 1.3 million of the U.S. Dollar time loan facility, E£ 2.0 million of the Egyptian Pound time loan facility, and E£ 9.8 million of the Egyptian pound time loan overdraft facility, and $ 8.3 million in letters of guarantee, with the balances of $ 0.2 million, E£ 0.0 (zero) million, E£ 0.2 million, and $ 6.3 million, respectively, available to the Company. ABK Short-Term Debt The Al Ahli Bank of Kuwait working capital and overdraft facilities (collectively, “ABK Short-Term Debt”) mature nine months from the date of borrowing. The ABK Short-Term Debt facilities include a $ 3.0 0.2 The ABK Short-Term Debt accrues interest at 1.65% per annum over The Central Bank of Egypt’s Corridor Offer Rate. As of June 30, 2021, and December 31, 2020, this resulted in an interest rate of 11 11% , respectively. As of June 30, 2021, the Company had utilized $ 0.2 0.2 2.8 0.0 2.3 million of the ABK Short-Term Debt facility and $ 0.2 million in letters of guarantee with $ 0.8 million and $ 0.0 (zero) million, respectively, available to the Company. There are no financial covenants associated with the ABK Short-Term Debt. HSBC Loan Line On May 3, 2021, the Company borrowed $ 9.9 The initial loan was repayable on July 3, 2021 but was subsequently extended to September 3, 2021 at management’s exclusive discretion. 1.25 6 months Other debt information Scheduled principal payments of long-term debt for periods subsequent to June 30, 2021 are as follows (in US$ thousands): SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT 2021 2021 $ 32,500 2022 45,000 2023 110,000 2024 45,000 2025 112,500 Thereafter - Total $ 345,000 As part of the SAPESCO transaction, the Company also assumed other working capital facilities totaling $ 0.6 0.6 0.0

FAIR VALUE ACCOUNTING

FAIR VALUE ACCOUNTING	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE ACCOUNTING	FAIR VALUE ACCOUNTING The Company measures and records liabilities for its Private Warrants (note 15) at fair value in the accompanying financial statements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability, an exit price, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value, includes: ● Level 1 – Observable inputs for identical assets or liabilities such as quoted prices in active markets; ● Level 2 – Inputs other than quoted prices in active markets that are either directly or indirectly observable; and ● Level 3 – Unobservable inputs in which little or no market data exists, which are therefore developed by the Company using estimates and assumptions that reflect those that a market participant would use. The following tables present the Company’s fair value hierarchy for its financial liabilities measured at fair value on a recurring basis: SCHEDULE OF FAIR VALUE OF HIERARCHY AT FAIR VALUE ON RECURRING BASIS As of June 30, 2021 Level 1 Level 2 Level 3 Total Liabilities: Liability for Private Warrants (Note 15) $ - $ - $ - $ - As of December 31, 2020 Level 1 Level 2 Level 3 Total Liabilities: Liability for Private Warrants (Note 15) $ - $ - $ - $ - The Company’s Private Warrants are included as Level 3 measurements in the tables above. The fair value of the Company’s Private Warrant liability was calculated using the Black-Scholes model and the following assumptions: SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY USING BLACK SCHOLES VALUATION MODEL As of As of June 30, December 31, 2021 2020 Fair value of Company’s common stock $ - $ - Dividend yield - % - % Expected volatility - % - % Risk Free interest rate - % - % Expected life (years) - - Fair value of financial instruments – Private Warrants $ - $ - The change in fair value of the Company’s Private Warrants is as follows: SCHEDULE OF FAIR VALUE OF WARRANT LIABILITY Quarter ended Year-to-date period ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Beginning Balance $ - $ (350 ) $ - $ (930 ) Change in Private Warrant liability - 350 - 930 Ending Balance $ - $ - $ - $ - The Company’s other financial instruments consist of cash and cash equivalents, accounts receivable, unbilled revenue, accounts payable, contingent consideration assumed in the Action transaction (Note 4), loans and borrowings and capital lease obligations. The fair value of the Company’s other financial instruments approximates the carrying amounts represented in the accompanying Condensed Consolidated Balance Sheets, primarily due to their short-term nature. The fair value of the Company’s long-term borrowings also approximates the carrying amounts as these loans are carrying interest at the market rate.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
EMPLOYEE BENEFITS	EMPLOYEE BENEFITS Defined benefit plan The Company provides a defined benefit plan of severance pay to eligible employees. The severance pay plan provides for a lump sum payment to employees on separation (retirement, resignation, death while in employment or on termination of employment) of an amount based upon the employees last drawn salary and length of service, subject to the completion of a minimum service period (1-2 years) and taking into account the provisions of local applicable law or as per employee contract. The Company records annual amounts relating to these long-term employee benefits based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, assumed rates of return, compensation increases and turnover rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in the Condensed Consolidated Statement of Operations. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience and market conditions. The net periodic costs are recognized as employees render the services necessary to earn these benefits. The Components of net periodic benefit cost were as follows (in US$ thousands): SCHEDULE OF COMPONENTS OF NET PERIODIC BENEFIT COST June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Service cost $ 1,100 $ 761 $ 2,066 $ 1,900 Interest cost 275 190 517 475 Other - - - - Net cost $ 1,375 $ 951 $ 2,583 $ 2,375 The Company made employer contributions (direct payment of benefits) to its defined benefit plan of $ 0.9 0.9 million, $ 1.4 1.2 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively. The plan of the Company is unfunded. Defined contribution plan The Company also provides a defined contribution retirement plan and occupational hazard insurance for Omani employees. Contributions to a defined contribution retirement plan and occupational hazard insurance for Omani employees in accordance with the Omani Social Insurances Law are recognized as an expense in the Condensed Consolidated Interim Statement of Operations as incurred. Total contributions were of $ 0.9 0.8 million, $ 1.9 1.6 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively. The plan of the Company is unfunded.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	13. SHARE-BASED COMPENSATION In 2018, the NESR shareholders approved the 2018 Long Term Incentive Plan (the “LTIP”). A total of 5,000,000 ordinary shares are reserved for issuance under the LTIP. Grants to members of the Company’s Board of Directors are time-based and vest ratably over a 1 -year period. Grants to the Company employees are time-based and vest ratably over a 3 -year period. The purpose of the LTIP is to enhance NESR’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to NESR by providing these individuals with equity ownership opportunities. The Company intends to use time-based restricted stock unit awards to reward long-term performance of the executive officers. The Company believes that providing a meaningful portion of the total compensation package in the form of share-based awards will align the incentives of its executive officers with the interests of its shareholders and serve to motivate and retain the individual executive officers. The following tables set forth the LTIP activity for the periods indicated (in US$ thousands, except share and per share amounts): SCHEDULE OF UNVESTED RESTRICTED STOCK Quarter ended June 30, 2021 June 30, 2020 Number of Restricted Shares Weighted Average Value per Share Number of Restricted Shares Weighted Average Value per Share Unvested at Beginning of Period 2,392,560 $ 9.39 2,244,662 $ 7.72 Granted 8,000 $ 11.93 - $ - Vested and issued ( - ) $ - ( - ) $ - Forfeited (43,335 ) $ 10.36 ( - ) $ - Unvested at End of Period 2,357,225 $ 9.43 2,244,662 $ 7.72 Year-to-date period ended June 30, 2021 June 30, 2020 Number of Restricted Shares Weighted Average Value per Share Number of Restricted Shares Weighted Average Value per Share Unvested at Beginning of Period 2,038,662 $ 7.38 1,502,690 $ 10.25 Granted 1,093,085 $ 11.93 1,080,905 $ 4.96 Vested and issued (693,015 ) $ 7.39 (307,932 ) $ 10.36 Forfeited (81,507 ) $ 8.86 (31,001 ) $ 10.45 Unvested at End of Period 2,357,225 $ 9.43 2,244,662 $ 7.72 At June 30, 2021 and 2020, the Company had unrecognized compensation expense of $ 17.5 12.8 million, respectively, related to unvested LTIP to be recognized on a straight-line basis over a weighted average remaining period of 2.2 1.9 years, respectively. Stock-based compensation has been recorded in the Condensed Consolidated Statement of Operations as follows (in US$ thousands): SCHEDULE OF STOCK-BASED COMPENSATION Quarter ended Year-to-date period ended June 30, June 30, 2020 June 30, June 30, 2020 Cost of Services $ 1,459 $ 938 $ 2,179 $ 1,665 Selling, general and administrative expenses 1,580 1,187 2,421 2,095 Net cost $ 3,039 $ 2,125 $ 4,600 $ 3,760

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Capital expenditure commitments The Company was committed to incur capital expenditures of $ 34.5 16.1 million at June 30, 2021, and December 31, 2020, respectively. Commitments outstanding as of June 30, 2021, are expected to be settled during 2021 and 2022. Capital lease commitments The Company leases certain hydraulic fracturing equipment under capital leases that expire between 2021 and 2023 . The leases have terms ranging from 24 - 36 months and imputed interest rates between 4.3 %- 6.5 % per annum. As of June 30, 2021, and December 31, 2020, the total recorded liability for these capital leases was $ 15.4 25.5 million, respectively, with $ 13.4 22.3 million, respectively, classified as a short-term obligation within Other current liabilities account and $ 2.0 3.2 million, respectively, classified as long-term obligations within Other liabilities account in the Condensed Consolidated Balance Sheets. Total interest expense incurred on these capital leases was $ 0.1 0.6 million, $ 0.4 1.0 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations. Depreciation of assets held under these capital leases is included within depreciation expense. The Company also leases certain equipment in Egypt under capital leases that expire between 2021 and 2024 2.7 3.0 million, respectively, with $ 0.8 0.7 million, respectively, classified as a short-term obligation within Other current liabilities account and $ 1.9 2.3 million, respectively, classified as a long-term obligations within Other liabilities account in the Condensed Consolidated Balance Sheets. Total interest expense incurred on these capital leases was $ 0.1 0.1 million, $ 0.2 0.2 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations. Depreciation of assets held under these capital leases is included within depreciation expense. The Company also leases certain basecamp equipment in Saudi Arabia under a capital lease that expires in 2023 2.5 29.0 0.0 11.0 0.0 18.1 0.0 11.3 0.2 0.0 0.2 0.0 Future minimum lease payments and future interest payments under non-cancellable equipment capital leases at June 30, 2021 and December 31, 2020, respectively, are payable as follows (in US$ thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE CAPITAL LEASES As of June 30, 2021 As of December 31, 2020 Future Minimum Lease Payments Future Interest Payments Total Payments Future Minimum Lease Payments Future Interest Payments Total Payments 2021 $ 19,093 $ 1,113 $ 20,206 $ 22,500 $ 1,524 $ 24,024 2022 12,150 914 13,064 3,236 453 3,689 2023 15,379 255 15,634 1,810 174 1,984 2024 438 21 459 438 21 459 2025 - - - - - - Thereafter - - - - - - Total $ 47,060 $ 2,303 $ 49,363 $ 27,984 $ 2,172 $ 30,156 Operating lease commitments Future minimum lease commitments under non-cancellable operating leases with initial or remaining terms of one year or more at June 30, 2021 and December 31, 2020, respectively, are payable as follows (in US$ thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES June 30, 2021 December 31, 2020 2021 $ 7,944 $ 21,665 2022 2,082 2,814 2023 1,275 1,998 2024 1,280 2,003 2025 632 1,355 Thereafter 3,468 3,413 Total $ 16,681 $ 33,248 The Company recorded rental expense of $ 42.8 34.6 million, $ 80.2 68.9 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations. Other commitments The Company purchases certain property, plant, and equipment using seller-provided installment financing with payment terms extending to 24 months. The amounts due to the vendors at June 30, 2021, and December 31, 2020, were $ 11.3 15.2 million, respectively. As of June 30, 2021, the Company recorded $ 11.3 11.4 million, $ 0.6 million, and $ 3.2 million in Accounts payable, Short-term borrowings, and Other current liabilities, respectively, in the Condensed Consolidated Balance Sheet, for amounts due using seller-provided installment financing. The Company had outstanding letters of credit amounting to $ 13.9 16.9 million as of June 30, 2021, and December 31, 2020, respectively. In the normal course of business with customers, vendors and others, the Company has entered into off-balance sheet arrangements, such as surety bonds for performance, and other bank issued guarantees which totaled $ 109.0 101.5 million as of June 30, 2021, and December 31, 2020, respectively. The Company has also entered into cash margin guarantees totaling $ 3.3 3.4 million at June 30, 2021, and December 31, 2020, respectively. A liability is accrued when a loss is both probable and can be reasonably estimated. None of the off-balance sheet arrangements either has, or is likely to have, a material effect on the Company’s condensed consolidated interim financial statements. As of June 30, 2021, and December 31, 2020, the Company had liabilities of $ 2.0 4.0 million, respectively, on the Condensed Consolidated Balance Sheet included in the line item “Other liabilities,” reflecting various liabilities associated with the 2014 acquisition of NPS Bahrain by NPS Holdings Limited. Legal proceedings The Company is involved in certain legal proceedings which arise in the ordinary course of business and the outcomes of which are currently subject to uncertainties and therefore the probability of a loss, if any, being sustained and an estimate of the amount of any loss are difficult to ascertain. Consequently, it is not possible to make a reasonable estimate of the expected financial effect, if any, that will result from ultimate resolution of these disputes. The Company is contesting these claims/disputes and the Company’s management currently believes that it is not required to recognize a provision because they are not probable or reasonably estimable and any impacts are not expected to have a material impact on the Company’s business, financial condition, results of operations, or liquidity.

EQUITY AND WARRANTS

EQUITY AND WARRANTS	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
EQUITY AND WARRANTS	EQUITY AND WARRANTS Common Stock The Company is authorized to issue an unlimited number of ordinary shares, no par value, and preferred shares, no par value. The Company’s ordinary shares are entitled to one vote for each share. As of June 30, 2021 and December 31, 2020, there were 91,119,218 and 87,777,553 , respectively, ordinary shares outstanding. Preferred Shares The Company is authorized to issue an unlimited number of preferred shares divided into five classes with designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. As of June 30, 2021, and December 31, 2020, there were no preferred shares issued or outstanding. Public and Private Warrants As of both June 30, 2021 and December 31, 2020, there were 35,540,380 Public Warrants outstanding. Each Public Warrant entitles the registered holder to purchase one-half of one ordinary share at a price of $ 5.75 per half share at any time commencing on July 6, 2018 (30 days after the completion of the NPS/GES Business Combination). The Public Warrants must be exercised for whole ordinary shares. The Public Warrants expire on June 6, 2023 ( five years From their initial sale in May of 2017 until May of 2020, the Company also had Private Warrants outstanding. The Company’s Private Warrants were distinguished from the Company’s Public Warrants exclusively for their unique cashless exercise and limited redemption features. The Private Warrants retained these features for as long as they were held by our Sponsor, NESR Holdings, Ltd. Periodically between December of 2018 and May of 2020, NESR Holdings, Ltd. sold its Private Warrants, at which time the Company’s Private Warrants were converted into Public Warrants. As of both June 30, 2021 and December 31, 2020, there were no Private Warrants outstanding. The Company has accounted for its Public and Private Warrants in accordance with ASC 480, Distinguishing Liabilities from Equity

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Under ASC 260, Earnings per Share ● The treasury stock method, reverse treasury stock method, if-converted method or contingently issuable share method, as applicable, provided a participating security or second class of common stock is a potential common share ● The two-class method, assuming a participating security or second class of common stock is not exercised or converted Quarter and year-to-date periods ended June 30, 2021 The following tables provide a reconciliation of the data used in the calculation of basic and diluted ordinary shares outstanding for the periods described (in US$ thousands except shares and per share amounts): SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING Date Transaction Detail Change in Shares Quarter ended June 30, 2021 Weighted Average Ordinary Shares Outstanding December 31, 2020 Beginning Balance 87,777,553 June 1, 2020 SAPESCO - NESR ordinary share consideration (issued January 14, 2021) (1) 2,237,000 2,237,000 December 31, 2020 SAPESCO - Additional Earn-Out Shares (issued January 14, 2021) (2) 145,039 145,039 February 23, 2021 Restricted Stock Vesting 87,905 61,679 March 16, 2021 Restricted Stock Vesting 316,781 185,518 March 18, 2021 Restricted Stock Vesting 288,329 165,670 December 31, 2020 SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 (3) 157,702 157,702 March 31, 2021 SAPESCO - Contingently Issuable Shares (contingency resolved at March 31, 2021; issued on June 8, 2021) (3) 113,215 57,546 June 8, 2021 SAPESCO - Customer Receivables Earn-Out Shares (contingency resolved and issued both on June 8, 2021) 2,962 376 June 30, 2021 Ending Balance 90,788,083 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 2,237,000 shares issued in the quarter ended March 31, 2021 pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since June 1, 2020. (2) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 145,039 shares, relating to the quarter ended March 31, 2021 issuance of Additional Earn-Out Shares pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since December 31, 2020. (3) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 270,917 shares, relating primarily to the actual/expected 2021 issuance of Customer Receivables Earn-Out Shares pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since the conditions for issuance were satisfied. Date Transaction Detail Change in Shares Quarter ended June 30, 2021 Weighted Average Ordinary Shares Outstanding March 31, 2021 Beginning Balance 90,852,607 December 31, 2020 SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 issued on June 8, 2021) (1) 157,702 157,702 March 31, 2021 SAPESCO - Contingently Issuable Shares (contingency resolved at March 31, 2021; issued on June 8, 2021) (1) 113,215 113,215 June 8, 2021 SAPESCO - Customer Receivables Earn-Out Shares (contingency resolved and issued both on June 8, 2021) 2,962 749 June 30, 2021 Ending Balance 91,124,273 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 270,917 shares, relating primarily to the actual/expected 2021 issuance of Customer Receivables Earn-Out Shares pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since the conditions for issuance were satisfied. Quarter ended June 30, 2021 Year-to-date period ended June 30, 2021 Undistributed & distributed earnings to common shareholders Common shares EPS Undistributed & distributed earnings to common shareholders Common shares EPS Basic EPS - common shares $ 7,821 91,124,273 $ 0.09 $ 19,293 90,788,083 $ 0.21 Restricted Stock Units - 951,909 - 1,017,423 Antidilution sequencing - subtotal 7,821 92,076,182 $ 0.08 19,293 91,805,506 $ 0.21 Decrease/(increase) in the fair value of the warrants - - 0 (zero) Private Warrants $ 5.75 per half share - - 35,540,380 Public Warrants $ 5.75 per half share 2,560,192 1,562,517 Antidilution sequencing - subtotal 7,821 94,636,374 $ 0.08 19,293 93,368,023 $ 0.21 Diluted EPS - common shares $ 7,821 94,636,374 $ 0.08 $ 19,293 93,368,023 $ 0.21 Warrants that could be converted into as many as 15,209,998 16,207,673 1,405,316 1,172,848 Quarter and year-to- date periods ended June 30, 2020 The following tables provide a reconciliation of the data used in the calculation of basic and diluted ordinary shares outstanding for the periods described (in US$ thousands except shares and per share amounts): Date Transaction Detail Change in Shares Quarter ended June 30, 2020 March 31, 2020 Beginning Balance 87,495,221 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 4) (1) 2,237,000 737,473 June 30, 2020 Ending Balance 88,232,694 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000 Date Transaction Detail Change in Shares Year-to-date period ended June 30, 2020 December 31, 2019 Beginning Balance 87,187,289 March 18, 2020 Restricted stock vesting 307,932 175,961 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 4) (1) 2,237,000 368,736 June 30, 2020 Ending Balance 87,731,986 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000 Quarter ended Year-to-date period ended Shares for Use in Allocation of Participating Earnings: June 30, 2020 June 30, 2020 Weighted average ordinary shares outstanding 88,232,694 87,731,986 Non-vested, participating restricted shares 1,163,757 1,163,757 Shares for use in allocation of participating earnings 89,396,451 88,895,743 Basic earnings per share (EPS): SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE Quarter ended Year-to-date Period Ended June 30, 2020 June 30, 2020 Net income $ 10,514 $ 22,461 Less dividends to: Ordinary Shares - - Non-vested participating shares - - Total Undistributed Earnings $ 10,514 $ 22,461 Quarter ended Year-to-date period ended June 30, 2020 June 30, 2020 Allocation of undistributed earnings to Ordinary Shares $ 10,377 $ 22,167 Allocation of undistributed earnings to Non-vested Shares 137 294 Total Undistributed Earnings $ 10,514 $ 22,461 Quarter ended Year-to-date period ended Ordinary Shares: June 30, 2020 June 30, 2020 Distributed Earnings $ - $ - Undistributed Earnings 0.12 0.25 Total $ 0.12 $ 0.25 Diluted earnings per share (EPS): Quarter ended June 30, 2020 Year-to-date period ended June 30, 2020 Ordinary shares Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Based EPS $ 10,377 88,232,694 $ 0.12 $ 22,167 87,731,986 $ 0.25 Add-back: Undistributed earnings allocated to non-vested shareholders 137 - 294 - 0 (zero) Private Warrants $ 5.75 per half share (anti-dilutive) (1) - - - - 35,540,380 Public Warrants $ 5.75 per half share (anti-dilutive) (1) - - - - Less: Undistributed earnings reallocated to non-vested shareholders (137 ) - (294 ) - Diluted EPS — Ordinary shares $ 10,377 88,232,694 $ 0.12 $ 22,167 87,731,986 $ 0.25 (1) Non-participating warrants that could be converted into as many as 17,770,190 ordinary shares are excluded from diluted EPS at June 30, 2020. These warrants are anti-dilutive at current market prices. In addition to these warrants, the Company also has 1,080,905 restricted stock units that are non-participating at June 30, 2020.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES NESR is a holding company incorporated in the British Virgin Islands, which imposes a zero percent statutory corporate income tax rate on income generated outside of the British Virgin Islands. The subsidiaries operate in multiple tax jurisdictions throughout the MENA and Asia Pacific regions where statutory tax rates generally vary from 10% to 42% . In the British Virgin Islands, the statutory rate is effectively 0% as tax is not applied on extra territorial activity. The Company’s effective tax rate was 24 21% , 17 19% for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations. The difference in rate quarter-over-quarter and year-over-year is predominantly due to the impact of discrete items and pre-tax income mix by country between periods.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Mubbadrah Investment LLC (“Mubbadrah”) GES leases office space in a building it owns in Muscat, Oman to Mubbadrah along with other Mubbadrah group entities (collectively, the “Mubbadrah group entities”). GES charges rental income to the Mubbadrah group entities for the occupation of the office space, based on usage. Rental income charged by GES to the Mubbadrah group entities amounted to $ 0.06 0.04 million, $ 0.1 0.1 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations. The outstanding balances from the Mubbadrah group entities were payables of $ 0.03 0.3 million at June 30, 2021, and December 31, 2020, respectively. Heavy Equipment Manufacturing & Trading LLC (“HEMT”) HEMT is a majority owned by Mubbadrah and Hilal Al Busaidy. HEMT is engaged by various subsidiaries of GES for services such as fabrication, manufacturing and maintenance of tools and equipment. HEMT has charged GES $ 0.01 0.02 million, $ 0.02 0.04 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, in relation to these services. As of June 30, 2021, and December 31, 2020, $ 0.6 0.6 million remains receivable from HEMT. Prime Business Solutions LLC (“PBS”) PBS is 100% owned by Mubbadrah Business Solutions LLC and is involved in the development and maintenance of Enterprise Resource Planning (“ERP”) systems. PBS has developed and implemented the GEARS (ERP) system for GES and is currently engaged to maintain it. Charges totaling $ 0.1 0.2 million, $ 0.2 0.8 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, within the Condensed Consolidated Interim Statement of Operations, for maintenance fees. As of June 30, 2021, and December 31, 2020, $ 0.4 0.3 million remains payable to PBS. Nine Energy Service, Inc. (“Nine”) During the quarters ended June 30, 2021, and 2020, the purchased $ 0.5 0.3 million, $ 0.8 1.4 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, of products and rentals from Nine. One of the Company’s directors, Andrew Waite, also serves as a director of Nine. As of June 30, 2021, and December 31, 2020, the Company had total liabilities of $ 2.4 3.7 million, respectively, on its Condensed Consolidated Balance Sheets related to these purchases. Basin Holdings US LLC (“Basin”) The Company purchased $ 0.01 0.02 million, $ 0.3 0.45 million for the quarter ended June 30, 2021, the quarter ended June 30, 2020, the year-to-date period ended June 30, 2021, and the year-to-date period ended June 30, 2020, respectively, of products and rentals from Basin. One of the Company’s directors, Antonio J. Campo Mejia, also serves as a director of Basin. As of June 30, 2021, and December 31, 2020, the Company had total liabilities of $ 0.0 0.0 (zero) million, respectively, on its Condensed Consolidated Balance Sheets, related to these purchases.

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS Operating segments are components of an enterprise where separate financial information is available and that are evaluated regularly by the Company’s CODM in deciding how to allocate resources and in assessing performance. The Company reports segment information based on the “management” approach and its CODM is its Chief Executive Officer. The Company’s services are similar to one another in that they consist of oilfield services and related offerings, whose customers are oil and gas companies. The results of operations of the service offerings are regularly reviewed by the CODM for the Company for the purposes of determining resource and asset allocation and assessing performance. The Company has determined that it has two reportable segments, Production Services and Drilling and Evaluation Services. The CODM evaluates the operating results of its reportable segments primarily based on revenue and segment operating income. Segment operating income does not include general corporate expenses, such as corporate overhead (costs incurred at the Company’s global and regional headquarter locations), share-based compensation, and transaction and integration costs, as these expenses are not allocated to the Company’s reportable segments and not reported to the Company’s CODM. Production Services that are offered depend on the well life cycle in which the services may fall. They include, but are not limited to, the following types of service offerings: hydraulic fracturing, coil tubing, stimulation and pumping, nitrogen services, completions, pipelines, cementing, laboratory services and filtration services. Drilling and Evaluation Services generates its revenue from the following service offerings: drilling and workover rigs, rig services, drilling services and rentals, fishing and remedials, directional drilling, turbines drilling, drilling fluids, wireline logging services, slickline services and well testing services. In January 2021, we launched a new Environmental, Social, and Corporate Governance IMPACT (“ESG IMPACT”) initiative to introduce innovative energy solutions and develop a portfolio of product lines and services aimed to mitigate climate change, enhance water management and conservation, and minimize environmental waste in the industry. The results of ESG IMPACT were not material to our Unaudited Condensed Consolidated Interim Statement of Operations for the quarter and year-to-date periods ended June 30, 2021. The Company’s operations and activities are located within certain geographies, primarily the MENA region and the Asia Pacific region, which includes Malaysia, Indonesia and India. Revenue from operations SCHEDULE OF SEGMENT REPORTING, INFORMATION ON REVENUES AND LONG-LIVED ASSETS Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Reportable Segment: Production Services $ 152,670 $ 139,034 $ 289,437 $ 272,224 Drilling and Evaluation Services 82,257 64,215 157,916 130,324 Total revenue $ 234,927 $ 203,249 $ 447,353 $ 402,548 Long-lived assets June 30, 2021 December 31, Reportable Segment: Production Services $ 302,694 $ 303,625 Drilling and Evaluation Services 132,609 124,062 Total Reportable Segments 435,303 427,687 Unallocated assets 17,150 10,056 Total long-lived assets $ 452,453 $ 437,743 Operating income Quarter ended Year-to-date period ended June 30, 2021 June 30, June 30, 2021 June 30, Reportable Segment: Production Services $ 18,015 $ 20,217 $ 32,197 $ 41,545 Drilling and Evaluation Services 8,558 8,334 18,271 16,202 Total Reportable Segments 26,573 28,551 50,468 57,747 Unallocated expenses (12,455 ) (10,693 ) (20,389 ) (21,374 ) Total operating income $ 14,118 $ 17,858 $ 30,079 $ 36,373 Revenue by geographic area SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS AND LONG-LIVED ASSETS, BY GEOGRAPHICAL AREAS Quarter ended Year-to-date period ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Geographic Area: Domestic (British Virgin Islands) MENA $ 232,548 $ 200,737 $ 442,333 $ 396,798 Rest of World 2,379 2,512 5,020 5,750 Total revenue $ 234,927 $ 203,249 $ 447,353 $ 402,548 Long-lived assets by geographic area June 30, 2021 December 31, 2020 Geographic area: Domestic (British Virgin Islands) $ - $ - MENA 444,595 429,283 Rest of World 7,858 8,460 Total long-lived assets $ 452,453 $ 437,743 This Periodic Report on Form 6-K (this “Periodic Report”) contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Any and all statements contained in this Periodic Report that are not statements of historical fact, including statements regarding the impact of the COVID-19 pandemic or the Company’s response to COVID-19, may be deemed forward-looking statements. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this Periodic Report may include, without limitation, statements regarding the plans and objectives of management for future operations, projections of income or loss, earnings or loss per share, capital expenditures, dividends, capital structure or other financial items, the Company’s future financial performance, including any such statement contained in a discussion and analysis of financial condition by management or in the results of operations included pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), expansion plans and opportunities, completion and integration of acquisitions including the acquisitions of SAPESCO and Action, and the assumptions underlying or relating to any such statement. The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company’s current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation: changing commodity prices, market volatility and other market trends that affect our customers’ demand for our services; disruptions to economic and market conditions caused by the coronavirus (COVID-19) and other public health crises and threats; the level of capital spending by our customers; political, market, financial and regulatory risks, including those related to the geographic concentration of our customers; our operations, including maintenance, upgrades and refurbishment of our assets, may require significant capital expenditures, which may or may not be available to us; operating hazards inherent in our industry and the ability to secure sufficient indemnities and insurance; our ability to successfully integrate acquisitions; competition, including for capital and technological advances; and other risks and uncertainties set forth in the Company’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update the forward-looking statements contained in this Periodic Report to reflect any new information or future events or circumstances or otherwise, except as required by law. Readers should read this Periodic Report in conjunction with other documents which the Company may file or furnish from time to time with the SEC.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Supplemental cash flow information	Supplemental cash flow information Non-cash transactions were as follows as of June 30, 2021: ● Purchases of property, plant, and equipment in Accounts payable and Accrued expenses at June 30, 2021 of $ 2.5 0.3 ● Capital lease obligations of $ 25.1 21.9 ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 11.3 ● Obligations of $ 0.1 7,268 ● Obligations of $ 17.3 5.8 ● During the year-to-date period ended June 30, 2021, the Company issued NESR ordinary share consideration of 2,237,000 145,039 266,611 shares primarily relating to Customer Receivables Earn-Out Shares, to the SAPESCO selling shareholders (Note 4). These transactions were non-cash and do not appear in the Condensed Consolidated Statement of Cash Flows for the year-to-date period ended June 30, 2021. Non-cash transactions for the year-to-date period ended June 30, 2020 were as follows: ● Purchases of property, plant, and equipment in Accounts payable, Accrued expenses and Short-term borrowings at June 30, 2020 of $ 15.2 million, $ 0.9 million, and $ 28.6 million, respectively, are not included under “Capital expenditures” within the Condensed Consolidated Statement of Cash Flows. ● Capital lease obligations of $ 27.0 million classified as a short-term obligation within Other current liabilities and $ 9.0 million classified as a long-term obligation within Other liabilities, are not included under “Payments on capital leases” within the Condensed Consolidated Statement of Cash Flows. ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 3.5 million included in Other current liabilities and $ 1.5 million in Other liabilities are not included under “Payments on seller-provided financing for capital expenditures” within the Condensed Consolidated Statement of Cash Flows. Additionally, purchases of property, plant, and equipment using seller-provided installment financing of $ 1.5 million included in Accounts Payable are not included under “Payments on seller-provided financing for capital expenditures” within the Condensed Consolidated Statement of Cash Flows. ● Obligations of $ 40.6 million classified, related to the future payments of cash and shares for the purchase of SAPESCO (Note 5), are not included under “Acquisition of business, net of cash acquired” within the Condensed Consolidated Statement of Cash Flows.
Recently issued accounting standards not yet adopted	Recently issued accounting standards not yet adopted The SEC permits qualifying Emerging Growth Companies (“EGC”) to defer the adoption of accounting standards updates until the time when a private company would adopt such standards. The Company continues to qualify as an EGC as of June 30, 2021. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, “Leases,” a new standard on accounting for leases. This update increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In June 2020, the FASB Issued ASU No. 2020-05, “Accounting Standards Update 2020-05—Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities.” ASU No. 2020-05 deferred the Company’s adoption of ASU 2016-02, as amended, to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company is currently evaluating the provisions of ASU 2016-02 and related interpretive amendments (ASU 2018-01, “Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842,” ASU 2018-10, “Codification Improvements to Topic 842, Leases,” ASU 2018-11, “Leases (Topic 842): Targeted Improvements,” ASU 2018-20, “Leases (Topic 842): Narrow-Scope Improvements for Lessors,” and ASU 2019-01, “Leases (Topic 842): Codification Improvements,” inclusive) and assessing the impact, if any, on its condensed consolidated interim financial statements and related disclosures. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting All other new accounting pronouncements that have been issued but not yet effective are currently being evaluated and, at this time, are not expected to have a material impact on our financial position or results of operations.
Correction of Warrant Accounting for the quarter and year-to-date periods ended June 30, 2020	Correction of Warrant Accounting for the quarter and year-to-date periods ended June 30, 2020 On April 12, 2021, the Staff of the SEC released Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”) (the “Statement”). In response to the Statement, the Company determined that it had incorrectly accounted for its Private Warrants (Note 15) as equity, instead of liabilities. In accordance with ASC 480, Distinguishing Liabilities from Equity SCHEDULE OF RESTATEMENT As Previously Reported As Revised As Previously Reported As Revised Quarter ended June 30, 2020 Year-to-date period ended June 30, 2020 As Previously Reported As Revised As Previously Reported As Revised Condensed Consolidated Interim Statements of Operations Gain/(loss) on warrant liability $ - $ (22) $ - $ 558 Income before income tax 13,384 13,362 27,278 27,836 Net income 10,536 10,514 21,903 22,461 Basic earnings per share 0.12 0.12 0.25 0.25 Diluted earnings per share 0.12 0.12 0.25 0.25 Condensed Consolidated Interim Statements of Comprehensive Income Total Comprehensive Income, net of tax 10,542 10,520 21,938 22,496 Condensed Consolidated Interim Statements Of Shareholders’ Equity Retained Earnings 89,564 85,032 89,564 85,032 Total Company Shareholders’ Equity 912,172 912,172 912,172 912,172 Total Shareholders’ Equity 912,231 912,231 912,231 912,231 Condensed Consolidated Interim Statements of Cash Flows Net income 21,903 22,461 Loss (Gain) on warrant liability - 558 Correction of Warrant Accounting as of and for the Years Ended December 31, 2020 and 2019 and for the period From June 7, 2018 to December 31, 2018 As described above, in the first quarter of 2021, the Company determined that it had incorrectly accounted for its Private Warrants (Note 15) as equity, instead of liabilities. In accordance with ASC 480, Distinguishing Liabilities from Equity As of and for As of and for For the period from As Previously Reported As Revised As Previously Reported As Revised As Previously Reported As Revised Consolidated Balance Sheets Warranty liabilities $ - $ - $ - $ 930 Total liabilities 742,636 742,636 635,892 636,822 Total equity 944,418 944,418 886,472 885,542 Consolidated Statements of Operations Gain/(loss) on warrant liability - 557 - 5,054 $ - $ (1,816 ) Income before income tax 60,792 61,349 52,435 57,489 44,411 42,595 Net income 50,087 50,644 39,364 44,418 34,980 33,164 Basic earnings per share 0.56 0.57 0.45 0.51 0.41 0.39 Diluted earnings per share 0.56 0.56 0.45 0.45 0.40 0.38 Consolidated Statements of Comprehensive Income Total Comprehensive Income, net of tax 50,122 50,679 39,345 44,399 35,143 33,327 Consolidated Statements of Shareholders’ Equity Retained Earnings 117,748 113,216 67,661 62,571 28,297 18,153 Total Company Shareholders’ Equity 944,426 944,426 886,472 885,542 830,924 818,281 Total Shareholders’ Equity 944,418 944,418 886,472 885,542 830,991 818,348 Consolidated Statements of Cash Flows Net income 50,087 50,644 39,364 44,418 34,980 33,164 Loss (Gain) on warrant liability - 557 - 5,054 - (1,816 )

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SCHEDULE OF RESTATEMENT	SCHEDULE OF RESTATEMENT As Previously Reported As Revised As Previously Reported As Revised Quarter ended June 30, 2020 Year-to-date period ended June 30, 2020 As Previously Reported As Revised As Previously Reported As Revised Condensed Consolidated Interim Statements of Operations Gain/(loss) on warrant liability $ - $ (22) $ - $ 558 Income before income tax 13,384 13,362 27,278 27,836 Net income 10,536 10,514 21,903 22,461 Basic earnings per share 0.12 0.12 0.25 0.25 Diluted earnings per share 0.12 0.12 0.25 0.25 Condensed Consolidated Interim Statements of Comprehensive Income Total Comprehensive Income, net of tax 10,542 10,520 21,938 22,496 Condensed Consolidated Interim Statements Of Shareholders’ Equity Retained Earnings 89,564 85,032 89,564 85,032 Total Company Shareholders’ Equity 912,172 912,172 912,172 912,172 Total Shareholders’ Equity 912,231 912,231 912,231 912,231 Condensed Consolidated Interim Statements of Cash Flows Net income 21,903 22,461 Loss (Gain) on warrant liability - 558 Correction of Warrant Accounting as of and for the Years Ended December 31, 2020 and 2019 and for the period From June 7, 2018 to December 31, 2018 As described above, in the first quarter of 2021, the Company determined that it had incorrectly accounted for its Private Warrants (Note 15) as equity, instead of liabilities. In accordance with ASC 480, Distinguishing Liabilities from Equity As of and for As of and for For the period from As Previously Reported As Revised As Previously Reported As Revised As Previously Reported As Revised Consolidated Balance Sheets Warranty liabilities $ - $ - $ - $ 930 Total liabilities 742,636 742,636 635,892 636,822 Total equity 944,418 944,418 886,472 885,542 Consolidated Statements of Operations Gain/(loss) on warrant liability - 557 - 5,054 $ - $ (1,816 ) Income before income tax 60,792 61,349 52,435 57,489 44,411 42,595 Net income 50,087 50,644 39,364 44,418 34,980 33,164 Basic earnings per share 0.56 0.57 0.45 0.51 0.41 0.39 Diluted earnings per share 0.56 0.56 0.45 0.45 0.40 0.38 Consolidated Statements of Comprehensive Income Total Comprehensive Income, net of tax 50,122 50,679 39,345 44,399 35,143 33,327 Consolidated Statements of Shareholders’ Equity Retained Earnings 117,748 113,216 67,661 62,571 28,297 18,153 Total Company Shareholders’ Equity 944,426 944,426 886,472 885,542 830,924 818,281 Total Shareholders’ Equity 944,418 944,418 886,472 885,542 830,991 818,348 Consolidated Statements of Cash Flows Net income 50,087 50,644 39,364 44,418 34,980 33,164 Loss (Gain) on warrant liability - 557 - 5,054 - (1,816 )

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2021
Business Acquisition [Line Items]
SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST	The following summarizes the consideration to purchase 99.7% of the issued and outstanding equity interests of SAPESCO: SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST SAPESCO Value (In US$ thousands) Shares Cash consideration $ 16,958 Total consideration – cash 16,958 NESR ordinary share consideration 12,013 2,237,000 Total consideration – equity (1) 12,013 2,237,000 Cash Earn-Out 5,301 Additional Earn-Out Shares 6,377 (2) Total estimated earn-out mechanisms 11,678 (2) Total consideration $ 40,649 2,237,000 (1) The fair value of NESR ordinary shares was determined based upon the $ 5.37 per share closing price of NESR ordinary shares on June 1, 2020, the acquisition date of the SAPESCO Business Combination. Control was transferred by agreement with the selling shareholders of SAPESCO. (2) The quantity of Additional Earn-Out Shares was negotiated in the quarter ended December 31, 2020 and finalized in the quarter ended March 31, 2021 when settled with the sellers for 145,039 shares.
SCHEDULE OF PURCHASE PRICE ALLOCATION	The following table summarizes the final allocation of the purchase price allocation (in US$ thousands): SCHEDULE OF PURCHASE PRICE ALLOCATION Allocation of consideration Cash and cash equivalents $ 3,740 Accounts receivable 14,847 Unbilled revenue 6,126 Service inventories 5,641 Prepaid assets 679 Retention withholdings 279 Other current assets 552 Property, plant and equipment 14,385 Intangible assets 3,340 Other assets 200 Total identifiable assets acquired 49,789 Accounts payable 11,984 Accrued expenses 6,613 Current installments of long-term debt 5,400 Short-term borrowings 5,692 Income taxes payable 313 Other taxes payable 3,802 Other current liabilities 2,237 Long-term debt 15,572 Employee benefit liabilities 1,455 Other liabilities 2,237 Non-controlling interests (8 ) Net identifiable liabilities acquired 55,297 Total fair value of net assets acquired (5,508 ) Goodwill 46,157 Total consideration $ 40,649
SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS	The final allocation to intangible assets is as follows (in US$ thousands): SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS Fair Value Total Useful Life (In US$ thousands) Customer relationships $ 2,900 8 years Trademarks and trade names 440 2 years Total intangible assets $ 3,340
SCHEDULE OF UNAUDITED PROFORMA INFORMATION	The following table summarizes the preliminary supplemental consolidated results of the Company on an unaudited pro-forma basis, as if the Action Business Combination had been consummated on January 1, 2020 for the quarter and year-to-date periods ended June 30, 2021 and 2020, respectively (in US$ thousands): SCHEDULE OF UNAUDITED PROFORMA INFORMATION June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Revenues $ 237,018 $ 208,615 $ 455,718 $ 413,280 Net income/(loss) 7,951 10,770 19,811 22,371
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
SCHEDULE OF UNAUDITED PROFORMA INFORMATION	The following table summarizes the supplemental consolidated results of the Company on an unaudited pro-forma basis, as if the SAPESCO Business Combination had been consummated on January 1, 2019 for the quarter and year-to-date periods ended June 30, 2020 (in US$ thousands): SCHEDULE OF UNAUDITED PROFORMA INFORMATION Quarter ended Year-to-date period ended June 30, 2020 June 30, 2020 Revenues $ 209,563 $ 421,287 Net income/(loss) 7,034 19,184
Action Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST	The following summarizes the consideration to purchase the working capital, property, plant, and equipment, contract labor force, and the economic benefit of three five-year customer contracts associated with specific oilfield service lines of Action: SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST 5.5.2021 Consideration (In US$ thousands) Cash consideration $ 36,767 Deferred cash consideration 16,786 Total consideration – cash 53,553 First Earn-Out 2,719 Second Earn-Out 3,639 Third Earn-Out - Total estimated earn-out mechanisms 6,358 Preliminary consideration $ 59,911
SCHEDULE OF PURCHASE PRICE ALLOCATION	The following table summarizes the preliminary allocation of the purchase price allocation (in US$ thousands): SCHEDULE OF PURCHASE PRICE ALLOCATION Preliminary allocation of consideration 5.5.2021 Cash and cash equivalents $ 382 Accounts receivable 8,814 Unbilled revenue 1,352 Service inventories 2,952 Prepaid assets 310 Retention withholdings - Other current assets 1,756 Property, plant and equipment 13,605 Intangible assets 29,500 Other assets 2,053 Total identifiable assets acquired 60,724 Accounts payable 5,294 Accrued expenses 2,428 Current installments of long-term debt - Short-term borrowings - Income taxes payable - Other taxes payable - Other current liabilities 200 Deferred tax liabilities - Long-term debt - Employee benefit liabilities 722 Other liabilities - Non-controlling interests - Net identifiable liabilities acquired 8,644 Total fair value of net assets acquired 52,080 Goodwill 7,831 Preliminary consideration $ 59,911
SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS	The preliminary allocation to intangible assets is as follows (in US$ thousands): SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS Fair Value Total Useful Life (In US$ thousands) Customer relationships $ 29,500 10 Total intangible assets $ 29,500

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATION OF REVENUE BY SERVICE TYPE	Based on these considerations, the following table provides disaggregated revenue data by the phase in a well’s lifecycle during which revenue has been recorded (in US$ thousands): SCHEDULE OF DISAGGREGATION OF REVENUE BY SERVICE TYPE Quarter ended Year-to-date period ended Revenue by Phase in Well’s Lifecycle: June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Production Services $ 152,670 $ 139,034 $ 289,437 $ 272,224 Drilling and Evaluation Services 82,257 64,215 157,916 130,324 Total revenue by phase in well’s life cycle $ 234,927 $ 203,249 $ 447,353 $ 402,548

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE	The following table summarizes the accounts receivable of the Company as of the period end dates set forth below (in US$ thousands): SCHEDULE OF ACCOUNTS RECEIVABLE June 30, December 31, 2021 2020 Trade receivables $ 118,138 $ 118,557 Less: allowance for doubtful accounts (1,655 ) (1,722 ) Total $ 116,483 $ 116,835
SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS	SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Allowance for doubtful accounts at beginning of period $ (1,541 ) $ (2,442 ) $ (1,722 ) $ (1,843 ) (Increase) decrease to allowance for the period (207 ) (25 ) (286 ) 26 (Recovery) write-off of doubtful accounts 93 161 353 161 Non-cash reclass of allowance for doubtful accounts from unbilled revenue to accounts receivable ( - ) (59 ) ( - ) (708 ) Allowance for doubtful accounts at end of period $ (1,655 ) $ (2,365 ) $ (1,655 ) $ (2,365 )

SERVICE INVENTORIES (Tables)

SERVICE INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF SERVICE INVENTORIES	The following table summarizes the service inventories for the period end dates as set forth below (in US$ thousands): SCHEDULE OF SERVICE INVENTORIES June 30, December 31, 2021 2020 Spare parts $ 59,786 $ 54,709 Chemicals 27,237 24,422 Consumables 16,282 15,132 Total $ 103,305 $ 94,263

PROPERTY, PLANT & EQUIPMENT (Ta

PROPERTY, PLANT & EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	Property, plant and equipment, net of accumulated depreciation, of the Company consists of the following as of the period end dates set forth below (in US$ thousands): SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Estimated Useful Lives (in years) June 30, 2021 December 31, 2020 Buildings and leasehold improvements 5 to 25 $ 34,801 $ 31,827 Drilling rigs, plant and equipment 3 to 15 579,963 534,964 Furniture and fixtures 5 2,509 2,282 Office equipment and tools 3 to 10 37,516 39,174 Vehicles and cranes 5 to 8 7,280 7,429 Less: Accumulated depreciation (230,869 ) (193,261 ) Land 5,104 5,104 Capital work in progress 16,149 10,224 Total $ 452,453 $ 437,743

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL	Changes in the carrying amount of goodwill of the Company between December 31, 2020, and June 30, 2021 are as follows (in US$ thousands): SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL Production Services Drilling and Evaluation Services Goodwill Balance as of December 31, 2020 $ 443,457 177,464 620,921 Action Business Combination 4,578 3,253 7,831 Balance as of June 30, 2021 $ 448,035 180,717 628,752
SCHEDULE OF WEIGHTED AVERAGE AMORTIZATION PERIOD FOR INTANGIBLE ASSETS	The following is the weighted average amortization period for intangible assets of the Company subject to amortization (in years): SCHEDULE OF WEIGHTED AVERAGE AMORTIZATION PERIOD FOR INTANGIBLE ASSETS Amortization Customer contracts & relationships 10.0 Trademarks and trade names 7.9 Total intangible assets 9.7
SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION	The details of our intangible assets subject to amortization are set forth below (in US$ thousands): SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION June 30, 2021 December 31, 2020 Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer contracts & relationships $ 153,900 $ (38,498 ) $ 115,402 $ 124,400 $ (31,685 ) $ 92,715 Trademarks and trade names 25,940 (9,918 ) 16,022 25,940 (8,279 ) 17,661 Total intangible assets $ 179,840 $ (48,416 ) $ 131,424 $ 150,340 $ (39,964 ) $ 110,376

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
SCHEDULE OF LONG TERM DEBT OBLIGATIONS	The Company’s long-term debt obligations consist of the following (in US$ thousands): SCHEDULE OF LONG TERM DEBT OBLIGATIONS June 30, 2021 December 31, 2020 Secured Term Loan $ 270,000 $ 285,000 Secured Revolving Credit Facility 65,000 65,000 CIB Long-Term Debt 10,000 10,000 Less: unamortized debt issuance costs (3,440 ) (3,886 ) Total loans and borrowings 341,560 356,114 Less: current installments of long-term debt (54,077 ) (47,500 ) Long-term debt, net of unamortized debt issuance costs and excluding current installments $ 287,483 $ 308,614
SCHEDULE OF SHORT TERM DEBT OBLIGATIONS	The Company’s short-term debt obligations consist of the following (in US$ thousands): SCHEDULE OF SHORT TERM DEBT OBLIGATIONS June 30, 2021 December 31, 2020 CIB Short-Term Debt $ 1,387 $ 2,125 ABK Short-Term Debt 212 2,252 HSBC Loan Line 9,900 - Other short-term borrowings from working capital facilities 48,210 37,983 Short-term debt, excluding current installments of long-term debt $ 59,709 $ 42,360
SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT	Scheduled principal payments of long-term debt for periods subsequent to June 30, 2021 are as follows (in US$ thousands): SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT 2021 2021 $ 32,500 2022 45,000 2023 110,000 2024 45,000 2025 112,500 Thereafter - Total $ 345,000

FAIR VALUE ACCOUNTING (Tables)

FAIR VALUE ACCOUNTING (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE OF HIERARCHY AT FAIR VALUE ON RECURRING BASIS	The following tables present the Company’s fair value hierarchy for its financial liabilities measured at fair value on a recurring basis: SCHEDULE OF FAIR VALUE OF HIERARCHY AT FAIR VALUE ON RECURRING BASIS As of June 30, 2021 Level 1 Level 2 Level 3 Total Liabilities: Liability for Private Warrants (Note 15) $ - $ - $ - $ - As of December 31, 2020 Level 1 Level 2 Level 3 Total Liabilities: Liability for Private Warrants (Note 15) $ - $ - $ - $ -
SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY USING BLACK SCHOLES VALUATION MODEL	The Company’s Private Warrants are included as Level 3 measurements in the tables above. The fair value of the Company’s Private Warrant liability was calculated using the Black-Scholes model and the following assumptions: SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY USING BLACK SCHOLES VALUATION MODEL As of As of June 30, December 31, 2021 2020 Fair value of Company’s common stock $ - $ - Dividend yield - % - % Expected volatility - % - % Risk Free interest rate - % - % Expected life (years) - - Fair value of financial instruments – Private Warrants $ - $ -
SCHEDULE OF FAIR VALUE OF WARRANT LIABILITY	The change in fair value of the Company’s Private Warrants is as follows: SCHEDULE OF FAIR VALUE OF WARRANT LIABILITY Quarter ended Year-to-date period ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Beginning Balance $ - $ (350 ) $ - $ (930 ) Change in Private Warrant liability - 350 - 930 Ending Balance $ - $ - $ - $ -

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
SCHEDULE OF COMPONENTS OF NET PERIODIC BENEFIT COST	The Components of net periodic benefit cost were as follows (in US$ thousands): SCHEDULE OF COMPONENTS OF NET PERIODIC BENEFIT COST June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Service cost $ 1,100 $ 761 $ 2,066 $ 1,900 Interest cost 275 190 517 475 Other - - - - Net cost $ 1,375 $ 951 $ 2,583 $ 2,375

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
SCHEDULE OF UNVESTED RESTRICTED STOCK	The following tables set forth the LTIP activity for the periods indicated (in US$ thousands, except share and per share amounts): SCHEDULE OF UNVESTED RESTRICTED STOCK Quarter ended June 30, 2021 June 30, 2020 Number of Restricted Shares Weighted Average Value per Share Number of Restricted Shares Weighted Average Value per Share Unvested at Beginning of Period 2,392,560 $ 9.39 2,244,662 $ 7.72 Granted 8,000 $ 11.93 - $ - Vested and issued ( - ) $ - ( - ) $ - Forfeited (43,335 ) $ 10.36 ( - ) $ - Unvested at End of Period 2,357,225 $ 9.43 2,244,662 $ 7.72 Year-to-date period ended June 30, 2021 June 30, 2020 Number of Restricted Shares Weighted Average Value per Share Number of Restricted Shares Weighted Average Value per Share Unvested at Beginning of Period 2,038,662 $ 7.38 1,502,690 $ 10.25 Granted 1,093,085 $ 11.93 1,080,905 $ 4.96 Vested and issued (693,015 ) $ 7.39 (307,932 ) $ 10.36 Forfeited (81,507 ) $ 8.86 (31,001 ) $ 10.45 Unvested at End of Period 2,357,225 $ 9.43 2,244,662 $ 7.72
SCHEDULE OF STOCK-BASED COMPENSATION	SCHEDULE OF STOCK-BASED COMPENSATION Quarter ended Year-to-date period ended June 30, June 30, 2020 June 30, June 30, 2020 Cost of Services $ 1,459 $ 938 $ 2,179 $ 1,665 Selling, general and administrative expenses 1,580 1,187 2,421 2,095 Net cost $ 3,039 $ 2,125 $ 4,600 $ 3,760

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE CAPITAL LEASES	Future minimum lease payments and future interest payments under non-cancellable equipment capital leases at June 30, 2021 and December 31, 2020, respectively, are payable as follows (in US$ thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE CAPITAL LEASES As of June 30, 2021 As of December 31, 2020 Future Minimum Lease Payments Future Interest Payments Total Payments Future Minimum Lease Payments Future Interest Payments Total Payments 2021 $ 19,093 $ 1,113 $ 20,206 $ 22,500 $ 1,524 $ 24,024 2022 12,150 914 13,064 3,236 453 3,689 2023 15,379 255 15,634 1,810 174 1,984 2024 438 21 459 438 21 459 2025 - - - - - - Thereafter - - - - - - Total $ 47,060 $ 2,303 $ 49,363 $ 27,984 $ 2,172 $ 30,156
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES	Future minimum lease commitments under non-cancellable operating leases with initial or remaining terms of one year or more at June 30, 2021 and December 31, 2020, respectively, are payable as follows (in US$ thousands): SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES June 30, 2021 December 31, 2020 2021 $ 7,944 $ 21,665 2022 2,082 2,814 2023 1,275 1,998 2024 1,280 2,003 2025 632 1,355 Thereafter 3,468 3,413 Total $ 16,681 $ 33,248

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING	The following tables provide a reconciliation of the data used in the calculation of basic and diluted ordinary shares outstanding for the periods described (in US$ thousands except shares and per share amounts): SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING Date Transaction Detail Change in Shares Quarter ended June 30, 2021 Weighted Average Ordinary Shares Outstanding December 31, 2020 Beginning Balance 87,777,553 June 1, 2020 SAPESCO - NESR ordinary share consideration (issued January 14, 2021) (1) 2,237,000 2,237,000 December 31, 2020 SAPESCO - Additional Earn-Out Shares (issued January 14, 2021) (2) 145,039 145,039 February 23, 2021 Restricted Stock Vesting 87,905 61,679 March 16, 2021 Restricted Stock Vesting 316,781 185,518 March 18, 2021 Restricted Stock Vesting 288,329 165,670 December 31, 2020 SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 (3) 157,702 157,702 March 31, 2021 SAPESCO - Contingently Issuable Shares (contingency resolved at March 31, 2021; issued on June 8, 2021) (3) 113,215 57,546 June 8, 2021 SAPESCO - Customer Receivables Earn-Out Shares (contingency resolved and issued both on June 8, 2021) 2,962 376 June 30, 2021 Ending Balance 90,788,083 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 2,237,000 shares issued in the quarter ended March 31, 2021 pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since June 1, 2020. (2) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 145,039 shares, relating to the quarter ended March 31, 2021 issuance of Additional Earn-Out Shares pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since December 31, 2020. (3) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 270,917 shares, relating primarily to the actual/expected 2021 issuance of Customer Receivables Earn-Out Shares pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since the conditions for issuance were satisfied. Date Transaction Detail Change in Shares Quarter ended June 30, 2021 Weighted Average Ordinary Shares Outstanding March 31, 2021 Beginning Balance 90,852,607 December 31, 2020 SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 issued on June 8, 2021) (1) 157,702 157,702 March 31, 2021 SAPESCO - Contingently Issuable Shares (contingency resolved at March 31, 2021; issued on June 8, 2021) (1) 113,215 113,215 June 8, 2021 SAPESCO - Customer Receivables Earn-Out Shares (contingency resolved and issued both on June 8, 2021) 2,962 749 June 30, 2021 Ending Balance 91,124,273 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such 270,917 shares, relating primarily to the actual/expected 2021 issuance of Customer Receivables Earn-Out Shares pursuant to the SAPESCO Sale & Purchase Agreement, have been included in basic earnings per share since the conditions for issuance were satisfied. Quarter ended June 30, 2021 Year-to-date period ended June 30, 2021 Undistributed & distributed earnings to common shareholders Common shares EPS Undistributed & distributed earnings to common shareholders Common shares EPS Basic EPS - common shares $ 7,821 91,124,273 $ 0.09 $ 19,293 90,788,083 $ 0.21 Restricted Stock Units - 951,909 - 1,017,423 Antidilution sequencing - subtotal 7,821 92,076,182 $ 0.08 19,293 91,805,506 $ 0.21 Decrease/(increase) in the fair value of the warrants - - 0 (zero) Private Warrants $ 5.75 per half share - - 35,540,380 Public Warrants $ 5.75 per half share 2,560,192 1,562,517 Antidilution sequencing - subtotal 7,821 94,636,374 $ 0.08 19,293 93,368,023 $ 0.21 Diluted EPS - common shares $ 7,821 94,636,374 $ 0.08 $ 19,293 93,368,023 $ 0.21 Warrants that could be converted into as many as 15,209,998 16,207,673 1,405,316 1,172,848 Quarter and year-to- date periods ended June 30, 2020 The following tables provide a reconciliation of the data used in the calculation of basic and diluted ordinary shares outstanding for the periods described (in US$ thousands except shares and per share amounts): Date Transaction Detail Change in Shares Quarter ended June 30, 2020 March 31, 2020 Beginning Balance 87,495,221 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 4) (1) 2,237,000 737,473 June 30, 2020 Ending Balance 88,232,694 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000 Date Transaction Detail Change in Shares Year-to-date period ended June 30, 2020 December 31, 2019 Beginning Balance 87,187,289 March 18, 2020 Restricted stock vesting 307,932 175,961 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 4) (1) 2,237,000 368,736 June 30, 2020 Ending Balance 87,731,986 (1) Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000 Quarter ended Year-to-date period ended Shares for Use in Allocation of Participating Earnings: June 30, 2020 June 30, 2020 Weighted average ordinary shares outstanding 88,232,694 87,731,986 Non-vested, participating restricted shares 1,163,757 1,163,757 Shares for use in allocation of participating earnings 89,396,451 88,895,743
SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE	Basic earnings per share (EPS): SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE Quarter ended Year-to-date Period Ended June 30, 2020 June 30, 2020 Net income $ 10,514 $ 22,461 Less dividends to: Ordinary Shares - - Non-vested participating shares - - Total Undistributed Earnings $ 10,514 $ 22,461 Quarter ended Year-to-date period ended June 30, 2020 June 30, 2020 Allocation of undistributed earnings to Ordinary Shares $ 10,377 $ 22,167 Allocation of undistributed earnings to Non-vested Shares 137 294 Total Undistributed Earnings $ 10,514 $ 22,461 Quarter ended Year-to-date period ended Ordinary Shares: June 30, 2020 June 30, 2020 Distributed Earnings $ - $ - Undistributed Earnings 0.12 0.25 Total $ 0.12 $ 0.25 Diluted earnings per share (EPS): Quarter ended June 30, 2020 Year-to-date period ended June 30, 2020 Ordinary shares Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Based EPS $ 10,377 88,232,694 $ 0.12 $ 22,167 87,731,986 $ 0.25 Add-back: Undistributed earnings allocated to non-vested shareholders 137 - 294 - 0 (zero) Private Warrants $ 5.75 per half share (anti-dilutive) (1) - - - - 35,540,380 Public Warrants $ 5.75 per half share (anti-dilutive) (1) - - - - Less: Undistributed earnings reallocated to non-vested shareholders (137 ) - (294 ) - Diluted EPS — Ordinary shares $ 10,377 88,232,694 $ 0.12 $ 22,167 87,731,986 $ 0.25 (1) Non-participating warrants that could be converted into as many as 17,770,190 ordinary shares are excluded from diluted EPS at June 30, 2020. These warrants are anti-dilutive at current market prices. In addition to these warrants, the Company also has 1,080,905 restricted stock units that are non-participating at June 30, 2020.

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT REPORTING, INFORMATION ON REVENUES AND LONG-LIVED ASSETS	Revenue from operations SCHEDULE OF SEGMENT REPORTING, INFORMATION ON REVENUES AND LONG-LIVED ASSETS Quarter ended Year-to-date period ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Reportable Segment: Production Services $ 152,670 $ 139,034 $ 289,437 $ 272,224 Drilling and Evaluation Services 82,257 64,215 157,916 130,324 Total revenue $ 234,927 $ 203,249 $ 447,353 $ 402,548 Long-lived assets June 30, 2021 December 31, Reportable Segment: Production Services $ 302,694 $ 303,625 Drilling and Evaluation Services 132,609 124,062 Total Reportable Segments 435,303 427,687 Unallocated assets 17,150 10,056 Total long-lived assets $ 452,453 $ 437,743 Operating income Quarter ended Year-to-date period ended June 30, 2021 June 30, June 30, 2021 June 30, Reportable Segment: Production Services $ 18,015 $ 20,217 $ 32,197 $ 41,545 Drilling and Evaluation Services 8,558 8,334 18,271 16,202 Total Reportable Segments 26,573 28,551 50,468 57,747 Unallocated expenses (12,455 ) (10,693 ) (20,389 ) (21,374 ) Total operating income $ 14,118 $ 17,858 $ 30,079 $ 36,373
SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS AND LONG-LIVED ASSETS, BY GEOGRAPHICAL AREAS	Revenue by geographic area SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS AND LONG-LIVED ASSETS, BY GEOGRAPHICAL AREAS Quarter ended Year-to-date period ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Geographic Area: Domestic (British Virgin Islands) MENA $ 232,548 $ 200,737 $ 442,333 $ 396,798 Rest of World 2,379 2,512 5,020 5,750 Total revenue $ 234,927 $ 203,249 $ 447,353 $ 402,548 Long-lived assets by geographic area June 30, 2021 December 31, 2020 Geographic area: Domestic (British Virgin Islands) $ - $ - MENA 444,595 429,283 Rest of World 7,858 8,460 Total long-lived assets $ 452,453 $ 437,743

SCHEDULE OF RESTATEMENT (Detail

SCHEDULE OF RESTATEMENT (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		7 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2021	Mar. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income before income tax	$ 10,229	$ 13,362	$ 23,310	$ 27,836
Net income	$ 7,821	$ 10,514	$ 19,293	$ 22,461
Basic earnings per share	$ 0.09	$ 0.12	$ 0.21	$ 0.25
Diluted earnings per share	$ 0.08	$ 0.12	$ 0.21	$ 0.25
Total Comprehensive Income, net of tax	$ 7,821	$ 10,520	$ 19,326	$ 22,496
Retained Earnings	132,509		132,509			$ 113,216
Total Company Shareholders' Equity	984,154		984,154			944,426
Total Shareholders' Equity	984,146	912,231	984,146	912,231		944,418	$ 885,542	$ 970,937	$ 899,153
Net income	7,821	10,514	19,293	22,461
Loss (Gain) on warrant liability	0	350	0	930
Total liabilities	$ 722,751		$ 722,751			742,636
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Gain/(loss) on warrant liability
Income before income tax		13,384		27,278	$ 44,411	$ 60,792	$ 52,435
Net income		$ 10,536		$ 21,903
Basic earnings per share		$ 0.12		$ 0.25	$ 0.41	$ 0.56	$ 0.45
Diluted earnings per share		$ 0.12		$ 0.25	$ 0.40	$ 0.56	$ 0.45
Total Comprehensive Income, net of tax		$ 10,542		$ 21,938	$ 35,143	$ 50,122	$ 39,345
Retained Earnings		89,564		89,564	28,297	117,748	67,661
Total Company Shareholders' Equity		912,172		912,172	830,924	944,426	886,472
Total Shareholders' Equity		912,231		912,231	830,991	944,418	886,472
Net income				21,903	34,980	50,087	39,364
Loss (Gain) on warrant liability
Warranty liabilities
Total liabilities						742,636	635,892
As Revised [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Gain/(loss) on warrant liability		(22)		558	(1,816)	557	5,054
Income before income tax		13,362		27,836	$ 42,595	$ 61,349	$ 57,489
Net income		$ 10,514		$ 22,461
Basic earnings per share		$ 0.12		$ 0.25	$ 0.39	$ 0.57	$ 0.51
Diluted earnings per share		$ 0.12		$ 0.25	$ 0.38	$ 0.56	$ 0.45
Total Comprehensive Income, net of tax		$ 10,520		$ 22,496	$ 33,327	$ 50,679	$ 44,399
Retained Earnings		85,032		85,032	18,153	113,216	62,571
Total Company Shareholders' Equity		912,172		912,172	818,281	944,426	885,542
Total Shareholders' Equity		$ 912,231		912,231	818,348	944,418	885,542
Net income				22,461	$ 33,164	50,644	44,418
Loss (Gain) on warrant liability				$ 558
Warranty liabilities							930
Total liabilities						$ 742,636	$ 636,822

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) $ in Millions	Jun. 08, 2021	Jun. 30, 2020		Jun. 30, 2021	Jun. 30, 2020
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Capital lease obligations, current				$ 25.1
Capital lease obligations, non current				$ 21.9
Debt obligation		$ 40.6			$ 40.6
Stock to be issued during period, shares, acquisitions		2,237,000	[1]		2,237,000	[2]
Change in shares, sapesco - nesr ordinary share consideration				2,237,000
Change in shares, sapesco - additional earn-out shares				145,039
Change in Shares, SAPESCO - Additional Earn-Out Shares	7,268
Capital Lease Obligations, Current		$ 27			$ 27
Capital Lease Obligations, Noncurrent		$ 9			9
Common Stock [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Change in Shares, SAPESCO - Additional Earn-Out Shares				266,611
Short Term Borrowings
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Payments to acquire property, plant, and equipment					28.6
SAPESCO [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Stock to be issued during period, shares, acquisitions				7,268
SAPESCO Business Combination [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Debt obligation				$ 0.1
Accounts Payable [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Payments to acquire property, plant, and equipment				2.5	15.2
Accounts Payable [Member] | Seller Provided Installment Financing
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Payments to acquire property, plant, and equipment				11.3	1.5
Accrued Liabilities [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Payments to acquire property, plant, and equipment				0.3	0.9
Other Current Liabilities [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Other liabilities related to future payments of cash purchase				17.3
Other Current Liabilities [Member] | Seller Provided Installment Financing
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Payments to acquire property, plant, and equipment					3.5
Other Liabilities [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Other liabilities related to future payments of cash purchase				$ 5.8
Other Liabilities [Member] | Seller Provided Installment Financing
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Payments to acquire property, plant, and equipment					$ 1.5
[1]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000
[2]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000

SCHEDULE OF CONSIDERATION TO PU

SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST (Details) - USD ($) $ / shares in Units, $ in Thousands		Jun. 30, 2021	May 05, 2021	Jun. 02, 2020
Business Acquisition [Line Items]
Cash consideration		$ 3,740
Total consideration		49,789
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Total consideration - cash		16,958
Total estimated earn-out mechanisms	[1]	11,678
Cash consideration		16,958
NESR ordinary share consideration		$ 12,013
NESR ordinary share consideration, shares		2,237,000
Total consideration - equity	[2]	$ 12,013
Total consideration - equity, shares	[2]	2,237,000
Cash Earn-Out		$ 5,301
Additional Earn-Out Shares	[1]	6,377
Total consideration		$ 40,649
Total consideration shares		2,237,000
[custom:ClosingPricePerShare-0]				$ 5.37
Action Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
Cash consideration			$ 36,767
Deferred cash consideration			16,786
Total consideration - cash			53,553
First Earn-Out			2,719
Second Earn-Out			3,639
Third Earn-Out
Total estimated earn-out mechanisms			6,358
Preliminary consideration			59,911
Cash consideration			382
Total consideration			$ 60,724
[1]	The quantity of Additional Earn-Out Shares was negotiated in the quarter ended December 31, 2020 and finalized in the quarter ended March 31, 2021 when settled with the sellers for
[2]	The fair value of NESR ordinary shares was determined based upon the $

SCHEDULE OF PURCHASE PRICE ALLO

SCHEDULE OF PURCHASE PRICE ALLOCATION (Details) - USD ($) $ in Thousands	Jun. 30, 2021	May 05, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and cash equivalents	$ 3,740
Accounts receivable	14,847
Unbilled revenue	6,126
Service inventories	5,641
Prepaid assets	679
Retention withholdings	279
Other current assets	552
Property, plant and equipment	14,385
Intangible assets	3,340
Other assets	200
Total identifiable assets acquired	49,789
Accounts payable	11,984
Accrued expenses	6,613
Current installments of long-term debt	5,400
Short-term borrowings	5,692
Income taxes payable	313
Other taxes payable	3,802
Other current liabilities	2,237
Long-term debt	15,572
Employee benefit liabilities	1,455
Other liabilities	2,237
Non-controlling interests	(8)
Net identifiable liabilities acquired	55,297
Total fair value of net assets acquired	(5,508)
Goodwill	46,157
Total consideration	$ 40,649
Action Sale and Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and cash equivalents		$ 382
Accounts receivable		8,814
Unbilled revenue		1,352
Service inventories		2,952
Prepaid assets		310
Retention withholdings
Other current assets		1,756
Property, plant and equipment		13,605
Intangible assets		29,500
Other assets		2,053
Total identifiable assets acquired		60,724
Accounts payable		5,294
Accrued expenses		2,428
Current installments of long-term debt
Short-term borrowings
Income taxes payable
Other taxes payable
Other current liabilities		200
Deferred tax liabilities
Long-term debt
Employee benefit liabilities		722
Other liabilities
Non-controlling interests
Net identifiable liabilities acquired		8,644
Total fair value of net assets acquired		52,080
Goodwill		7,831
Total consideration		$ 59,911

SCHEDULE OF PRELIMINARY ALLOCAT

SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	May 05, 2021	Jun. 30, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 3,340
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 2,900
Total intangible assets, term		8 years
Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 440
Total intangible assets, term		2 years
Action Sale and Purchase Agreement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 29,500
Action Sale and Purchase Agreement [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 29,500
Total intangible assets, term	10 years

SCHEDULE OF UNAUDITED PROFORMA

SCHEDULE OF UNAUDITED PROFORMA INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition [Line Items]
Revenues	$ 237,018	$ 208,615	$ 455,718	$ 413,280
Net income/(loss)	7,951	$ 10,770	19,811	$ 22,371
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Revenues	209,563		421,287
Net income/(loss)	$ 7,034		$ 19,184

SCHEDULE OF CONSIDERATION TO _2

SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST (Details) (Parenthetical)	6 Months Ended
	Jun. 30, 2021shares
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Number of shares settled with sellers	145,039

BUSINESS COMBINATIONS (Details

BUSINESS COMBINATIONS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	May 05, 2021	Feb. 13, 2020	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020		Jun. 30, 2021	Jun. 30, 2020		Dec. 31, 2020	Jun. 02, 2020
Business Acquisition [Line Items]
Amount allocated to goodwill			$ 7,800				$ 7,800
Business acquisition, pro forma revenue			237,018		$ 208,615		455,718	$ 413,280
Net income							400
Stock Issued During Period, Shares, Acquisitions					2,237,000	[1]		2,237,000	[2]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			2,237				2,237
Business combination cash and cash equivalents.			11,000				11,000
Deferred consideration			6,000				6,000
Amount allocated to goodwill			46,200				46,200
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Business acquisition, pro forma revenue			209,563				$ 421,287
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares							2,237,000
[custom:BusinessAcquisitionsProFormaRevenues]			16,500				$ 31,300
[custom:BusinessAcquisitionProFormaNetIncomeLoss]			2,700				7,600
Action Revenue [Member]
Business Acquisition [Line Items]
Business acquisition, pro forma revenue							4,400
Action Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
All-cash transaction	$ 36,700
Business combination, deferred consideration	16,800
Cash and cash equivalents	36,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	$ 200
Action Sale and Purchase Agreement [Member] | First Earn-Out Consideration [Member]
Business Acquisition [Line Items]
Revenue percentage	1.00%
Action Sale and Purchase Agreement [Member] | Second Earn-Out Consideration [Member]
Business Acquisition [Line Items]
Revenue percentage	3.00%
Earnout payable percentage	66.66%
Action Sale and Purchase Agreement [Member] | Third Earn-Out Consideration [Member]
Business Acquisition [Line Items]
Revenue percentage	1.12%
Action Sale and Purchase Agreement [Member] | First Earn-Out, Second Earn-Out, and Third Earn-Out [Member]
Business Acquisition [Line Items]
Business combination issued in equity earn-outs	$ 6,400
Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
Business combination issued in equity earn-outs			2,100				$ 2,100				$ 11,700
Sale of Stock, Percentage of Ownership after Transaction							99.70%
Payments to Acquire Businesses, Gross				$ 500
Stock Issued During Period, Shares, Acquisitions				145,039	2,237,000,000			2,237,000,000
Stock Issued During Period, Value, Acquisitions				$ 1,600
Receivables Earnout Shares Contingency Fair Value											$ 0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other			100				$ 100
Sale and Purchase Agreement [Member] | Additional Earn Out Shares [Member]
Business Acquisition [Line Items]
Business Combination, Acquired Receivable, Fair Value			$ 6,900				6,900
Sale and Purchase Agreement [Member] | Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Business combination, deferred consideration							6,000			$ 6,000
Sale of Stock, Percentage of Ownership after Transaction		99.70%
Business Combination, Consideration Transferred							11,000			$ 11,000
Payments to Acquire Businesses, Gross							$ 17,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares				2,237,000			2,237,000
Sale and Purchase Agreement [Member] | Additional Earn Out Shares [Member] | Maximum [Member]
Business Acquisition [Line Items]
Business Acquisition, Share Price										$ 9
Sale and Purchase Agreement [Member] | NESR Additional Share [Member] | Maximum [Member]
Business Acquisition [Line Items]
Business Acquisition, Share Price			$ 11.70				$ 11.70
Sale and Purchase Agreement [Member] | NESR Additional Share [Member] | Minimum [Member]
Business Acquisition [Line Items]
Business Acquisition, Share Price			$ 10				$ 10
Sale and Purchase Agreement [Member] | Later 2021 [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Acquisitions							7,268
[1]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000
[2]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE BY SERVICE TYPE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 234,927	$ 203,249	$ 447,353	$ 402,548
Production Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	152,670	139,034	289,437	272,224
Drilling and Evaluation Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 82,257	$ 64,215	$ 157,916	$ 130,324

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Trade receivables	$ 118,138	$ 118,557
Less: allowance for doubtful accounts	(1,655)	(1,722)	$ (1,655)	$ (1,541)	$ (1,722)	$ (2,365)	$ (2,442)	$ (1,843)
Total	$ 116,483	$ 116,835

SCHEDULE OF ALLOWANCE FOR DOUBT

SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Receivables [Abstract]
Allowance for doubtful accounts at beginning of period		$ (1,541)	$ (2,442)	$ (1,722)	$ (1,722)	$ (1,843)
(Increase) decrease to allowance for the period		(207)	(25)		(286)	26
(Recovery) write-off of doubtful accounts		93	161		353	161
Accounts Receivable, Credit Loss Expense (Reversal)		(59)			(708)
Allowance for doubtful accounts at end of period	$ (1,655)	$ (1,655)	$ (2,365)	$ (1,655)	$ (1,655)	$ (2,365)

ACCOUNTS RECEIVABLE (Details Na

ACCOUNTS RECEIVABLE (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts Receivable, before Allowance for Credit Loss	$ 118,138	$ 118,557

SCHEDULE OF SERVICE INVENTORIES

SCHEDULE OF SERVICE INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Long-term Purchase Commitment [Line Items]
Service inventories, gross	$ 103,305	$ 94,263
Spare Parts [Member]
Long-term Purchase Commitment [Line Items]
Service inventories, gross	59,786	54,709
Chemicals [Member]
Long-term Purchase Commitment [Line Items]
Service inventories, gross	27,237	24,422
Consumables [Member]
Long-term Purchase Commitment [Line Items]
Service inventories, gross	$ 16,282	$ 15,132

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (230,869)	$ (193,261)
Land	5,104	5,104
Capital work in progress	16,149	10,224
Total	452,453	437,743
Buildings And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 34,801	31,827
Buildings And Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Buildings And Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years
Drilling Rigs, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 579,963	534,964
Drilling Rigs, Plant and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Drilling Rigs, Plant and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Property, plant and equipment gross	$ 2,509	2,282
Office Equipment and Tools [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 37,516	39,174
Office Equipment and Tools [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Office Equipment and Tools [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Vehicles and Cranes [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 7,280	$ 7,429
Vehicles and Cranes [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Vehicles and Cranes [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	8 years

PROPERTY, PLANT & EQUIPMENT (De

PROPERTY, PLANT & EQUIPMENT (Details Narrative) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 27.6	$ 26.4	$ 53.8	$ 51.8

SCHEDULE OF CHANGES IN CARRYING

SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Indefinite-lived Intangible Assets [Line Items]
Balance as of December 31, 2020	$ 620,921
Action Business Combination	7,831
Balance as of June 30, 2021	628,752
Production Services [Member]
Indefinite-lived Intangible Assets [Line Items]
Balance as of December 31, 2020	443,457
Action Business Combination	4,578
Balance as of June 30, 2021	448,035
Drilling and Evaluation Services [Member]
Indefinite-lived Intangible Assets [Line Items]
Balance as of December 31, 2020	177,464
Action Business Combination	3,253
Balance as of June 30, 2021	$ 180,717

SCHEDULE OF WEIGHTED AVERAGE AM

SCHEDULE OF WEIGHTED AVERAGE AMORTIZATION PERIOD FOR INTANGIBLE ASSETS (Details)	6 Months Ended
	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, amortization	9 years 8 months 12 days
Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, amortization	10 years
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, amortization	7 years 10 months 25 days

SCHEDULE OF INTANGIBLE ASSETS S

SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 179,840	$ 150,340
Finite-Lived Intangible Assets, Accumulated Amortization	(48,416)	(39,964)
Finite-Lived Intangible Assets, Net	131,424	110,376
Customer Contracts And Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	153,900	124,400
Finite-Lived Intangible Assets, Accumulated Amortization	(38,498)	(31,685)
Finite-Lived Intangible Assets, Net	115,402	92,715
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	25,940	25,940
Finite-Lived Intangible Assets, Accumulated Amortization	(9,918)	(8,279)
Finite-Lived Intangible Assets, Net	$ 16,022	$ 17,661

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) $ in Millions	Jun. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense, 2021	$ 9.4
Amortization expense, 2022	18.7
Amortization expense, 2023	18.7
Amortization expense, 2024	18.7
Amortization expense, 2025	$ 18.7

SCHEDULE OF LONG TERM DEBT OBLI

SCHEDULE OF LONG TERM DEBT OBLIGATIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Less: unamortized debt issuance costs	$ (3,440)	$ (3,886)
Total loans and borrowings	341,560	356,114
Less: current installments of long-term debt	(54,077)	(47,500)
Long-term debt, net of unamortized debt issuance costs and excluding current installments	287,483	308,614
CIB Long Term Debt [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross	10,000	10,000
Secured Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross	270,000	285,000
Secured Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross	$ 65,000	$ 65,000

SCHEDULE OF SHORT TERM DEBT OBL

SCHEDULE OF SHORT TERM DEBT OBLIGATIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Other short-term borrowings from working capital facilities	$ 48,210	$ 37,983
Short-term debt, excluding current installments of long-term debt	59,709	42,360
CIB Short-Term Debt [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	1,387	2,125
ABK Short-Term Debt [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	212	2,252
HSBC Loan Line [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	$ 9,900

SCHEDULE PRINCIPAL PAYMENTS OF

SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT (Details) $ in Thousands	Jun. 30, 2021USD ($)
Debt Disclosure [Abstract]
2021	$ 32,500
2022	45,000
2023	110,000
2024	45,000
2025	112,500
Thereafter
Total	$ 345,000

DEBT (Details Narrative)

DEBT (Details Narrative) $ in Thousands, € in Millions, £ in Millions	May 03, 2021USD ($)	Jun. 20, 2019USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2021GBP (£)	Jun. 30, 2021EUR (€)	Dec. 31, 2020GBP (£)	Jun. 30, 2020USD ($)	May 23, 2019USD ($)	May 05, 2019USD ($)
Debt Instrument [Line Items]
Working capital facility			$ 169,000	$ 151,300
Line of credit interest rate			2.60%	2.60%
Line of credit facility, remaining borrowing capacity			$ 0
Utilized working capital facility			600
Utilized debt amount			600
Short-term Debt			59,709	$ 42,360
CIB Long Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 21,000
Debt Instrument, maturity date			Aug. 15, 2021
Short-term Debt, Description			Under the terms of its arrangement with CIB, the Company repaid $
Repayments of Debt			$ 11,000
Remaining debt obligation amount			$ 10,000
Debt instrument, interest rate, stated percentage			2.30%	2.30%	2.30%	2.30%	2.30%
CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Short-term Debt, Description			The U.S. Dollar time loan facility accrues interest at 2.25% per annum over 3 months LIBOR plus 50 basis points per annum of the Highest Monthly Debit Balance (“HMDB”) commission. The Egyptian Pound time loan and overdraft facilities accrue interest at 0.75% per annum over the Central Bank of Egypt’s Corridor Offer Rate plus 50 basis points per annum, HMDB commission
Utilized debt amount			$ 900			€ 2
ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Short-term Debt, Description			The ABK Short-Term Debt accrues interest at 1.65% per annum over
Debt instrument, interest rate, stated percentage			11.00%	11.00%	11.00%	11.00%	11.00%
HSBC Loan Line [Member]
Debt Instrument [Line Items]
Line of credit interest rate	1.25%
Line of credit facility description	The initial loan was repayable on July 3, 2021 but was subsequently extended to September 3, 2021 at management’s exclusive discretion.
Short-term Debt	$ 9,900
Loan term	6 months
Time Loan Facility [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 1,500
Debt instrument, interest rate, stated percentage			2.30%	2.30%	2.30%	2.30%	2.30%
Utilized debt amount				$ 1,300
Short-term Debt				$ 200
Time Loan Facility [Member] | CIB Short-Term Debt [Member] | Egyptian [Member]
Debt Instrument [Line Items]
Debt instrument, face amount | £					£ 2
Debt instrument, interest rate, stated percentage			10.00%	10.00%	10.00%	10.00%	10.00%
Utilized debt amount | £							£ 2
Short-term Debt | £							0
Time Loan Overdraft Facility [Member] | CIB Short-Term Debt [Member] | Egyptian [Member]
Debt Instrument [Line Items]
Debt instrument, face amount | £					£ 10
Utilized debt amount | £							9.8
Short-term Debt | £							£ 0.2
Maintenance fees payable | CIB Short-Term Debt [Member] | Egyptian [Member]
Debt Instrument [Line Items]
Utilized debt amount | £					6.2
Short-term Debt | £					3.8
Time Loan Facility [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Short-term Debt			$ 600
Time Loan Facility [Member] | CIB Short-Term Debt [Member] | Egyptian [Member]
Debt Instrument [Line Items]
Short-term Debt | £					£ 0
London Interbank Offered Rate (LIBOR) [Member] | CIB Long Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage			2.00%		2.00%	2.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit interest rate			2.40%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit interest rate			2.70%
Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, maturity date			May 6, 2025
Withdrawn term loan			$ 270,000	$ 285,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, maturity date			May 6, 2023
Long-term Line of Credit			$ 65,000
Withdrawn term loan				65,000				$ 65,000
Line of Credit Facility, Commitment Fee Percentage		0.60%
Future Interest Payments 2023		The Company is permitted to make any prepayment under this RCF in multiples of $5.0 million during this 4-year period up to May 6, 2023. Any unutilized balances from the RCF can be drawn down again during the 4-year tenure at the same terms.
Line of credit facility, remaining borrowing capacity			0	0
Letters of Guarantee [Member] | ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			200
Utilized debt amount			200	200
Short-term Debt			0	0
Letters of Guarantee [Member] | Time Loan Facility [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			14,500
Utilized debt amount				8,300
Short-term Debt				6,300
Letters of Guarantee [Member] | Time Loan Facility [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Utilized debt amount			8,400
Short-term Debt			6,100
Time Loan Facility [Member] | ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			3,000
Utilized debt amount			200	2,300
Short-term Debt			2,800	800
Secured Facilities Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 525,000							$ 485,000	$ 450,000
Increased term loan amount			504,000
Additional working capital			17,700
Term loan installment payment			15,000
Debt instrument, face amount			504,000
Term loan amount			$ 270,000
Debt Instrument, Covenant Description			Secured Facilities Agreement includes covenants that specify maximum leverage (Net Debt / EBITDA) up to 3.50, minimum debt service coverage ratio (Cash Flow / Debt Service) of at least 1.25, and interest coverage (EBITDA / Interest) of at least 4.00.
Secured Facilities Agreement [Member] | HSBC Bank Middle East Limited [Member]
Debt Instrument [Line Items]
Working capital facility			$ 24,700	24,700
Line of credit facility, remaining borrowing capacity			6,500	6,200
Utilized working capital facility			18,200	18,500
Secured Facilities Agreement [Member] | HSBC Bank Middle East Limited [Member] | QATAR
Debt Instrument [Line Items]
Working capital facility			10,300	10,300
Secured Facilities Agreement [Member] | HSBC Bank Middle East Limited [Member] | UNITED ARAB EMIRATES
Debt Instrument [Line Items]
Working capital facility			14,300	14,300
Secured Facilities Agreement [Member] | HSBC Bank Middle East Limited [Member] | KUWAIT
Debt Instrument [Line Items]
Working capital facility			100	100
Secured Facilities Agreement [Member] | Lenders [Member]
Debt Instrument [Line Items]
Working capital facility			$ 28,400	21,900
Line of credit facility description			letters of guarantee and letters of credit and refinancing letters of credit into short-term debt over a period of one year, which carries an interest rate equal to three-month U.S. Dollar LIBOR for the applicable interest period, plus a margin of 1.00% to 1.25% per annum
Utilized working capital facility			$ 140,600	129,400
Secured Facilities Agreement [Member] | Successors [Member]
Debt Instrument [Line Items]
[custom:ReducedTermLoanAmount-0]				$ 501,300
Incremental Facilities Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 40,000							$ 35,000
Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Working capital facility			$ 169,000

SCHEDULE OF FAIR VALUE OF HIERA

SCHEDULE OF FAIR VALUE OF HIERARCHY AT FAIR VALUE ON RECURRING BASIS (Details) - Liability for Private Warrants [Member] - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total Liabilities
Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total Liabilities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total Liabilities
Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total Liabilities

SCHEDULE OF FAIR VALUE OF DERIV

SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY USING BLACK SCHOLES VALUATION MODEL (Details) Pure in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of Company's common stock	$ 0	$ 0
Fair value of financial instruments - Private Warrants
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0	0
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0	0
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	0	0
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, Expected life (in years)	0 years	0 years

SCHEDULE OF FAIR VALUE OF WARRA

SCHEDULE OF FAIR VALUE OF WARRANT LIABILITY (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Beginning Balance	$ 0	$ 350	$ 0	$ 930
Beginning Balance	0	(350)	0	(930)
Change in Private Warrant liability	0	350,000	0	930,000
Ending Balance	$ 0	$ 0	$ 0	$ 0

SCHEDULE OF COMPONENTS OF NET P

SCHEDULE OF COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Retirement Benefits [Abstract]
Service cost	$ 1,100	$ 761	$ 2,066	$ 1,900
Interest cost	275	190	517	475
Other
Net cost	$ 1,375	$ 951	$ 2,583	$ 2,375

EMPLOYEE BENEFITS (Details Narr

EMPLOYEE BENEFITS (Details Narrative) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Retirement Benefits [Abstract]
Defined benefit plan description			The severance pay plan provides for a lump sum payment to employees on separation (retirement, resignation, death while in employment or on termination of employment) of an amount based upon the employees last drawn salary and length of service, subject to the completion of a minimum service period (1-2 years) and taking into account the provisions of local applicable law or as per employee contract.
Accumulated benefit obligation	$ 0.9	$ 0.9	$ 1.4	$ 1.2
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0.9	$ 0.8	$ 1.9	$ 1.6

SCHEDULE OF UNVESTED RESTRICTED

SCHEDULE OF UNVESTED RESTRICTED STOCK (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Unvested, Beginning Balance	2,392,560	2,244,662	2,038,662	1,502,690
Weighted Average Grant Date Fair Value per Share, Unvested, Beginning Balance	$ 9.39	$ 7.72	$ 7.38	$ 10.25
Number of Restricted Shares, Granted	8,000		1,093,085	1,080,905
Weighted Average Grant Date Fair Value per Share, Granted	$ 11.93		$ 11.93	$ 4.96
Number of Restricted Shares, Vested and issued			693,015	307,932
Weighted Average Grant Date Fair Value per Share, Vested and issued	$ 0	$ 0	$ 7.39	$ 10.36
Number of Restricted Shares, Forfeited	(43,335)		(81,507)	(31,001)
Weighted Average Grant Date Fair Value per Share, Forfeited	$ 10.36		$ 8.86	$ 10.45
Number of Restricted Shares, Forfeited	43,335		81,507	31,001
Number of Restricted Shares, Unvested, Ending Balance	2,357,225	2,244,662	2,357,225	2,244,662
Weighted Average Grant Date Fair Value per Share, Unvested, Ending Balance	$ 9.43	$ 7.72	$ 9.43	$ 7.72
Number of Restricted Shares, Vested and issued			(693,015)	(307,932)

SCHEDULE OF STOCK-BASED COMPENS

SCHEDULE OF STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 3,039	$ 2,125	$ 4,600	$ 3,760
Cost of Services [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	1,459	938	2,179	1,665
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 1,580	$ 1,187	$ 2,421	$ 2,095

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - 2018 Long Term Incentive Plan [Member] - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance			5,000,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 17.5	$ 12.8
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	2 years 2 months 12 days	1 year 10 months 24 days
Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE CAPITAL LEASES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments 2021	$ 19,093	$ 22,500
Future Interest Payments 2021	1,113	1,524
Total Payments 2021	20,206	24,024
Future Minimum Lease Payments 2022	12,150	3,236
Future Interest Payments 2022	914	453
Total Payments 2022	13,064	3,689
Future Minimum Lease Payments 2023	15,379	1,810
Future Interest Payments 2023	255	174
Total Payments 2023	15,634	1,984
Future Minimum Lease Payments 2024	438	438
Future Interest Payments 2024	21	21
Total Payments 2024	459	459
Future Minimum Lease Payments 2025
Future Interest Payments 2025
Total Payments 2025
Future Minimum Lease Payments Thereafter
Future Interest Payments Thereafter
Total Payments Thereafter
Future Minimum Lease Payments Total	47,060	27,984
Future Interest Payments Total	2,303	2,172
Total	$ 49,363	$ 30,156

SCHEDULE OF FUTURE MINIMUM LE_2

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
2021	$ 7,944	$ 21,665
2022	2,082	2,814
2023	1,275	1,998
2024	1,280	2,003
2025	632	1,355
Thereafter	3,468	3,413
Total	$ 16,681	$ 33,248

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Loss Contingencies [Line Items]
Capital expenditure commitments			$ 34,500		$ 16,100
Capital lease expired date			expire between 2021 and 2024
Interest Expense	$ 3,234	$ 4,165	$ 6,397	$ 8,675
Line of Credit Facility, Interest Rate During Period			2.60%		2.60%
Payments for Rent	42,800	34,600	$ 80,200	68,900
Due to Related Parties	11,300		11,300		$ 15,200
Letters of Credit Outstanding, Amount	13,900		13,900		16,900
Surety bonds and other bank issued guarantees	109,000		109,000		101,500
Cash margin guarantees	3,300		3,300		3,400
Other Liabilities	2,000		2,000		4,000
Accounts Payable [Member]
Loss Contingencies [Line Items]
Due to Related Parties	11,300		$ 11,300		11,400
Short-term Debt [Member]
Loss Contingencies [Line Items]
Due to Related Parties					600
Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Due to Related Parties					3,200
Expire Between 2021 and 2023 [Member]
Loss Contingencies [Line Items]
Capital lease expired date			expire between 2021 and 2023
Capital Lease Obligations	15,400		$ 15,400		25,500
Short term capital lease obligation	13,400		13,400		22,300
Long term capital lease obligation	2,000		2,000		3,200
Expire Between 2021 and 2023 [Member] | Second Capital Lease [Member]
Loss Contingencies [Line Items]
Interest Expense	$ 100	600	$ 400	1,000
Expire Between 2021 and 2023 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Capital lease term			24 months
Capital lease imputed interest rate	4.30%		4.30%
Expire Between 2021 and 2023 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Capital lease term			36 months
Capital lease imputed interest rate	6.50%		6.50%
Expire Between 2021 and 2024 [Member]
Loss Contingencies [Line Items]
Capital Lease Obligations	$ 2,700		$ 2,700		3,000
Short term capital lease obligation	800		800		700
Long term capital lease obligation	1,900		1,900		2,300
Expire Between 2021 and 2024 [Member] | Second Capital Lease [Member]
Loss Contingencies [Line Items]
Interest Expense	100	100	$ 200	200
Expire in 2023 [Member]
Loss Contingencies [Line Items]
Capital lease expired date			expires in 2023
Capital Lease Obligations	29,000		$ 29,000		0
Short term capital lease obligation	11,000		11,000		0
Long term capital lease obligation	18,100		$ 18,100		$ 0
Line of Credit Facility, Interest Rate During Period			2.50%
Bargain purchase option			$ 11,300
Expire in 2023 [Member] | Third Capital Lease [Member]
Loss Contingencies [Line Items]
Interest Expense	$ 200	$ 0	$ 200	$ 0

EQUITY AND WARRANTS (Details Na

EQUITY AND WARRANTS (Details Narrative) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Shares, Outstanding	91,119,218	87,777,553
Preferred Stock, Shares Outstanding	0	0
Public Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Class of Warrant or Right, Outstanding		35,540,380
Shares Issued, Price Per Share	$ 5.75
Warrants and Rights Outstanding, Maturity Date	Jun. 6, 2023
Warrants term	5 years

SCHEDULE OF RECONCILIATION OF B

SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended					6 Months Ended				12 Months Ended
		Jun. 30, 2021		Mar. 31, 2021	Jun. 30, 2020		Jun. 30, 2021		Jun. 30, 2020		Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average Ordinary Shares Outstanding, Beginning Balance		90,852,607		87,777,553			87,777,553
Change in shares, SAPESCO - NESR ordinary share consideration (issued January 14, 2021)	[1]						2,237,000
Weighted Average Ordinary Shares Outstanding, SAPESCO - NESR ordinary share consideration (issued January 14, 2021)	[1]						2,237,000
Change in Shares, SAPESCO - Additional Earn-Out Shares (issued January 14, 2021)	[2]						145,039
Weighted Average Ordinary Shares Outstanding, SAPESCO - Additional Earn-Out Shares (issued January 14, 2021)	[2]						145,039
Change in Shares, Restricted Stock Vesting							87,905
Weighted average ordinary shares outstanding, Restricted stock vesting							61,679		175,961
Change in Shares, Restricted Stock Vesting							316,781
Weighted Average Ordinary Shares Outstanding, Restricted Stock Vesting							185,518
Change in Shares, Restricted Stock Vesting							288,329
Weighted Average Ordinary Shares Outstanding, Restricted Stock Vesting							165,670
Change in Shares, SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 issued on June 8, 2021)		157,702	[3]				157,702	[4]
Weighted Average Ordinary Shares Outstanding, SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 issued on June 8, 2021)		157,702	[3]				157,702	[4]
Change in Shares, SAPESCO - Contingently Issuable Shares (contingency resolved at March 31, 2021; issued on June 8, 2021		113,215	[3]				113,215	[4]
Weighted Average Ordinary Shares Outstanding, Contingently Issuable Shares (contingency resolved at March 31, 2021; issued on June 8, 2021		113,215,000	[3]				57,546,000	[4]
Change in Shares, SAPESCO - Contingently Issuable Shares (issued on June 8, 2021)		2,962	[3]				2,962	[4]
Weighted Average Ordinary Shares Outstanding, SAPESCO - Contingently Issuable Shares (issued on June 8, 2021)		749	[3]				376	[4]
Weighted Average Ordinary Shares Outstanding, Ending Balance		90,788,083		90,852,607			90,788,083				87,777,553
[custom:SharesIssuedDuringPeriod-2]		91,124,273					91,124,273
Undistributed & distributed earnings to common shareholders, Basic EPS - common shares		$ 7,821			$ 10,377		$ 19,293		$ 22,167
Common shares, Basic EPS - common shares		91,124,273			88,232,694,000		90,788,083		87,731,986,000
EPS, Basic EPS - common shares		$ 0.09			$ 0.12		$ 0.21		$ 0.25
Undistributed & distributed earnings to common shareholders, Restricted Stock Units
Common shares, Restricted Stock Units		951,909					1,017,423
Undistributed & distributed earnings to common shareholders, Antidilution sequencing - subtotal		$ 7,821					$ 19,293
Common shares, Antidilution sequencing - subtotal		92,076,182					91,805,506
EPS, Antidilution sequencing - subtotal		$ 0.08					$ 0.21
Undistributed & distributed earnings to common shareholders, Decrease/(increase) in the fair value of the warrants
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 5.75				$ 5.75
Common shares, 0 (zero) Private Warrants @ $5.75 per half share
Common Shares, 35,540,380 Public Warrants @ $5.75 per half share		2,560,192					1,562,517
Undistributed & distributed earnings to common shareholders, Antidilution sequencing - subtotal		$ 7,821					$ 19,293
Common shares, Antidilution sequencing - subtotal		94,636,374					93,368,023
EPS, Antidilution sequencing - subtotal		$ 0.08					$ 0.21
Undistributed & distributed earnings to common shareholders, Diluted EPS - common shares		$ 7,821					$ 19,293
Common shares, Diluted EPS - common shares		94,636,374			88,232,694		93,368,023		87,731,986
EPS, Diluted EPS - common shares		$ 0.08			$ 0.12		$ 0.21		$ 0.25
Weighted Average Ordinary Shares Outstanding, Beginning Balance				87,777,553	87,495,221		87,777,553		87,187,289		87,187,289
Shares issued					2,237,000	[5]			2,237,000	[6]
Weighted average ordinary shares outstanding, Shares to be issued in SAPESCO transaction		737,473	[5]				368,736	[6]
[custom:CommonStockSharesIssuedDuringPeriod-2]					88,232,694				88,232,694
Change in shares, Restricted stock vesting									307,932
Common Stock, Shares, Issued		91,119,218			87,731,986		91,119,218		87,731,986		87,777,553
Weighted average ordinary shares outstanding		91,124,273			88,232,694		90,788,083		87,731,986
Allocation of Participating Earnings [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average ordinary shares outstanding					88,232,694				87,731,986
Non-vested, participating restricted shares					1,163,757				1,163,757
Shares for use in allocation of participating earnings					89,396,451				88,895,743
Private Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		0					0
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 5.75	$ 5.75				$ 5.75
Public Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		35,540,380					35,540,380
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 5.75					$ 5.75
[1]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such
[2]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such
[3]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such
[4]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued; as such
[5]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000
[6]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000

SCHEDULE OF RECONCILIATION OF_2

SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING (Details) (Parenthetical) - shares	Jun. 08, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020		Jun. 30, 2021	Jun. 30, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period, shares	7,268
Shares issued				2,237,000	[1]		2,237,000	[2]
Sale and Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period, shares		270,917	2,237,000			270,917
Shares issued			145,039	2,237,000,000			2,237,000,000
Sale and Purchase Agreement [Member] | Additional Earn Out Shares [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period, shares						145,039
[1]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000
[2]	Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued, as such 2,237,000

SCHEDULE OF BASIC AND DILUTED E

SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		5 Months Ended	6 Months Ended		8 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Aug. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Aug. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income		$ 7,821	$ 10,514		$ 19,293	$ 22,461
Less dividends to: Ordinary Shares
Less dividends to: Non-vested participating shares
Total Undistributed Earnings			10,514	$ 10,514		22,461	$ 22,461
Allocation of undistributed earnings to Ordinary Shares			10,377			22,167
Allocation of undistributed earnings to Non-vested Shares			$ 137			$ 294
Ordinary Shares, Distributed Earnings
Ordinary Shares, Undistributed Earnings			0.12			0.25
Basic earnings per share		$ 0.09	$ 0.12		$ 0.21	$ 0.25
Undistributed & distributed earnings to ordinary shareholders, As reported - basic		$ 7,821	$ 10,377		$ 19,293	$ 22,167
Ordinary shares, As reported - basic		91,124,273	88,232,694,000		90,788,083	87,731,986,000
Add-back: Undistributed & distributed earnings to ordinary shareholders, Undistributed earnings allocated to nonvested shareholders			$ 137			$ 294
Add-back: Ordinary shares, Undistributed earnings allocated to nonvested shareholders
Add-back: Undistributed & distributed earnings to ordinary shareholders, 0 (zero) Private Warrants @ $5.75 per half share (anti-dilutive)	[1]		$ 0			$ 0
Add-back: Ordinary shares, 0 (zero) Private Warrants @ $5.75 per half share (anti-dilutive)	[1]		0			0
Add-back: Undistributed & distributed earnings to ordinary shareholders, 34,540,380 Public Warrants @ $5.75 per half share (anti-dilutive)
Add-back: Ordinary shares, 35,540,380 Private Warrants @ $5.75 per half share (anti-dilutive)
Less: Undistributed & distributed earnings to ordinary shareholders, Undistributed earnings reallocated to nonvested shareholders			$ (137)			$ (294)
Less: Ordinary shares, Undistributed earnings reallocated to nonvested shareholders
Undistributed & distributed earnings to ordinary shareholders, Diluted EPS - Ordinary shares			$ 10,377			$ 22,167
Ordinary shares, Diluted EPS - Ordinary shares		94,636,374	88,232,694		93,368,023	87,731,986
Diluted earnings per share		$ 0.08	$ 0.12		$ 0.21	$ 0.25
Public Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of Warrant or Right, Outstanding			35,540,380			35,540,380
[1]	Non-participating warrants that could be converted into as many as

SCHEDULE OF BASIC AND DILUTED_2

SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details) (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2020	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 5.75
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,080,905
Private Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 5.75	$ 5.75
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	17,770,190

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Restricted Stock Units (RSUs) [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of shares converted	1,405,316	1,172,848
Warrant [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of shares converted	15,209,998	16,207,673

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective Income Tax Rate Reconciliation, Percent	24.00%	21.00%	17.00%	19.00%
Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			10.00%
Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			42.00%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Services charges	$ 10	$ 20	$ 20	$ 40
Liabilities	722,751		722,751		$ 742,636
Prime Business Solutions LLC [Member]
Related Party Transaction [Line Items]
[custom:MaintenanceFeesPayables-0]	400		400		300
Nine Energy Service, Inc. [Member] | Coiled Tubing Equipment [Member]
Related Party Transaction [Line Items]
Payments to Acquire Property, Plant, and Equipment	500	300	800	1,400
Nine Energy Service, Inc. [Member] | Coiled Tubing Equipment Products And Services [Member]
Related Party Transaction [Line Items]
Liabilities	2,400		2,400		3,700
Basin Holdings U S L L C [Member]
Related Party Transaction [Line Items]
Payments to Acquire Property, Plant, and Equipment	10	20	300	450
Liabilities	0		0		0
Mubbadrah Group Entities [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Net	60	40	100	100
Accounts Payable, Related Parties	30		30		300
Heavy Equipment Manufacturing Trading LLC [Member]
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties	$ 600		$ 600		$ 600
Business Solutions LLC [Member] | Prime Business Solutions LLC [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage	100.00%		100.00%
Administrative Fees Expense	$ 100	$ 200	$ 200	$ 800

SCHEDULE OF SEGMENT REPORTING,

SCHEDULE OF SEGMENT REPORTING, INFORMATION ON REVENUES AND LONG-LIVED ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenue from External Customer [Line Items]
Total revenue	$ 234,927	$ 203,249	$ 447,353	$ 402,548
Total long-lived assets	452,453		452,453		$ 437,743
Total operating income	14,118	17,858	30,079	36,373
Production Services [Member]
Revenue from External Customer [Line Items]
Total revenue	152,670	139,034	289,437	272,224
Total long-lived assets	302,694		302,694		303,625
Total operating income	18,015	20,217	32,197	41,545
Drilling and Evaluation Services [Member]
Revenue from External Customer [Line Items]
Total revenue	82,257	64,215	157,916	130,324
Total long-lived assets	132,609		132,609		124,062
Total operating income	8,558	8,334	18,271	16,202
Total Reportable Segments [Member]
Revenue from External Customer [Line Items]
Total long-lived assets	435,303		435,303		427,687
Total operating income	26,573	28,551	50,468	57,747
Unallocated Assets [Member]
Revenue from External Customer [Line Items]
Total long-lived assets	17,150		17,150		$ 10,056
Unallocated Expenses [Member]
Revenue from External Customer [Line Items]
Total operating income	$ (12,455)	$ (10,693)	$ (20,389)	$ (21,374)

SCHEDULE OF REVENUE FROM EXTERN

SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS AND LONG-LIVED ASSETS, BY GEOGRAPHICAL AREAS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 234,927	$ 203,249	$ 447,353	$ 402,548
Total long-lived assets	452,453		452,453		$ 437,743
MENA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	232,548	200,737	442,333	396,798
Total long-lived assets	444,595		444,595		429,283
Rest of World [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	2,379	$ 2,512	5,020	$ 5,750
Total long-lived assets	7,858		7,858		8,460
Domestic British Virgin Islands [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets

REPORTABLE SEGMENTS (Details Na

REPORTABLE SEGMENTS (Details Narrative)	6 Months Ended
	Jun. 30, 2021Segments
Segment Reporting [Abstract]
Number of Reportable Segments	2