National Energy Services Reunited (NESR) 6-K 5 Nov 21 2021 Q3 Current report (foreign) Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2021
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
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	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 101,018	$ 75,012
Accounts receivable, net	98,223	116,835
Unbilled revenue	138,900	158,457
Service inventories	100,757	94,263
Prepaid assets	20,068	11,480
Retention withholdings	43,199	36,773
Other receivables	23,942	18,454
Other current assets	7,391	3,943
Total current assets	533,498	515,217
Non-current assets
Property, plant and equipment, net	466,732	437,743
Intangible assets, net	126,323	110,376
Goodwill	629,675	620,921
Other assets	10,156	2,797
Total assets	1,766,384	1,687,054
Liabilities
Accounts payable	143,753	144,614
Accrued expenses	69,048	73,783
Current installments of long-term debt		47,500
Short-term borrowings	96,468	42,360
Income taxes payable	9,272	9,420
Other taxes payable	2,142	11,289
Other current liabilities	48,256	30,400
Total current liabilities	368,939	359,366
Long-term debt	330,569	308,614
Deferred tax liabilities	17,148	21,070
Employee benefit liabilities	25,203	21,515
Other liabilities	35,695	32,071
Total liabilities	777,554	742,636
Commitments and contingencies (Note 14)
Equity
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding at September 30, 2021 and December 31, 2020, respectively
Common stock and additional paid in capital, no par value; unlimited shares authorized; 91,361,235 and 87,777,553 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	854,301	831,146
Retained earnings	134,440	113,216
Accumulated other comprehensive income	97	64
Total shareholders’ equity	988,838	944,426
Non-controlling interests	(8)	(8)
Total equity	988,830	944,418
Total liabilities and equity	$ 1,766,384	$ 1,687,054

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 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	91,361,235	87,777,553
Common stock, shares outstanding	91,361,235	87,777,553

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues	$ 217,992	$ 218,423	$ 665,345	$ 620,971
Cost of services	(186,095)	(177,953)	(554,337)	(500,566)
Gross profit	31,897	40,470	111,008	120,405
Selling, general and administrative expenses	(19,067)	(17,449)	(59,592)	(53,190)
Amortization	(4,728)	(4,034)	(13,235)	(11,855)
Operating income	8,102	18,987	38,181	55,360
Interest expense, net	(3,717)	(3,793)	(10,114)	(12,468)
Gain/(loss) on Private Warrant Liability				558
Other income / (expense), net	(1,252)	37	(1,624)	(383)
Income before income tax	3,133	15,231	26,443	43,067
Income tax expense	(1,202)	(3,565)	(5,219)	(8,940)
Net income	1,931	11,666	21,224	34,127
Net income / (loss) attributable to non-controlling interests
Net income attributable to shareholders	$ 1,931	$ 11,666	$ 21,224	$ 34,127
Weighted average shares outstanding:
Basic	91,250,125	89,876,456	90,943,363	88,452,027
Diluted	93,116,486	89,876,456	93,288,498	88,452,027
Net earnings per share (Note 16):
Basic	$ 0.02	$ 0.13	$ 0.23	$ 0.38
Diluted	$ 0.02	$ 0.13	$ 0.23	$ 0.38

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Net income	$ 1,931	$ 11,666	$ 21,224	$ 34,127
Other comprehensive income, net of tax
Foreign currency translation adjustments			33	35
Total Comprehensive Income, net of tax	1,931	11,666	21,257	34,162
Comprehensive income attributable to non-controlling interest
Comprehensive income attributable to shareholders	$ 1,931	$ 11,666	$ 21,257	$ 34,162

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 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
Share-based compensation expense	$ 5,842			5,842		5,842
Vesting of restricted share units
Vesting of restricted share units, shares	590,264
Other	$ (3)	$ 35		$ 32	$ 56	$ 88
Shares issued to SAPESCO Selling Shareholders (Note 4)
Conversion of Private Warrants to Public Warrants	$ 372			$ 372		$ 372
Net income			34,127	34,127		34,127
Balance at ending, value at Sep. 30, 2020	$ 829,153	64	96,698	925,915	56	925,971
Balance at ending, shares at Sep. 30, 2020	87,777,553
Balance at beginning, value at Jun. 30, 2020	$ 827,076	64	85,032	912,172	59	912,231
Balance at beginning, shares at Jun. 30, 2020	87,495,221
Share-based compensation expense	$ 2,082			2,082		2,082
Vesting of restricted share units
Vesting of restricted share units, shares	282,332
Other	$ (5)			(5)	(3)	(8)
Net income			11,666	11,666		11,666
Balance at ending, value at Sep. 30, 2020	$ 829,153	64	96,698	925,915	56	925,971
Balance at ending, shares at Sep. 30, 2020	87,777,553
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	$ 7,353			7,353		7,353
Vesting of restricted share units
Vesting of restricted share units, shares	935,032
Other		33		33		33
Shares issued to SAPESCO Selling Shareholders (Note 4)	$ 15,802			15,802		15,802
Shares issued to SAPESCO Selling Shareholders (Note 4)	2,648,650
Net income			21,224	21,224		21,224
Balance at ending, value at Sep. 30, 2021	$ 854,301	97	134,440	988,838	(8)	988,830
Balance at ending, shares at Sep. 30, 2021	91,361,235
Balance at beginning, value at Jun. 30, 2021	$ 851,548	97	132,509	984,154	(8)	984,146
Balance at beginning, shares at Jun. 30, 2021	91,119,218
Share-based compensation expense	$ 2,753			2,753		2,753
Vesting of restricted share units
Vesting of restricted share units, shares	242,017
Other
Net income			1,931	1,931		1,931
Balance at ending, value at Sep. 30, 2021	$ 854,301	$ 97	$ 134,440	$ 988,838	$ (8)	$ 988,830
Balance at ending, shares at Sep. 30, 2021	91,361,235

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 21,224	$ 34,127
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	96,338	91,783
Share-based compensation expense	7,353	5,842
Loss (Gain) on disposal of assets	(1,405)	688
Non-cash interest (income) expense	537	(118)
Deferred tax expense (benefit)	(3,922)	(3,332)
Allowance for (reversal of) doubtful receivables	70	(97)
Provision for obsolete service inventories	230	821
Loss (Gain) on Private Warrant liability		(558)
Other operating activities, net	353	(184)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	27,106	(13,223)
(Increase) decrease in Unbilled revenue	20,909	(73,505)
(Increase) decrease in Retention withholdings	(6,186)	13,881
(Increase) decrease in inventories	(4,396)	(10,755)
(Increase) decrease in prepaid expenses	(8,278)	2,002
(Increase) decrease in other current assets	(6,431)	2,224
(Increase) decrease in other long-term assets and liabilities	(2,142)	(5,746)
Increase (decrease) in accounts payable and accrued expenses	(20,087)	40,970
Increase (decrease) in other current liabilities	(6,501)	1,234
Net cash provided by operating activities	114,772	86,054
Cash flows from investing activities:
Capital expenditures	(50,864)	(75,448)
Proceeds from disposal of assets	2,127	1,490
Acquisition of business, net of cash acquired	(36,923)	(11,260)
Other investing activities	(3,204)	(628)
Net cash used in investing activities	(88,864)	(85,846)
Cash flows from financing activities:
Proceeds from long-term debt		15,000
Repayments of long-term debt	(26,250)	(18,472)
Proceeds from short-term borrowings	121,806	14,928
Repayments of short-term borrowings	(67,644)	(15,829)
Payments on capital leases	(15,983)	(15,679)
Payments on seller-provided financing for capital expenditures	(11,520)	(2,905)
Other financing activities, net	(345)
Net cash provided by (used in) financing activities	64	(22,957)
Effect of exchange rate changes on cash	34	35
Net increase (decrease) in cash	26,006	(22,714)
Cash and cash equivalents, beginning of period	75,012	73,201
Cash and cash equivalents, end of period	101,018	50,487
Supplemental disclosure of cash flow information (also refer Note 3):
Interest paid	7,579	10,152
Income taxes paid	$ 11,430	$ 12,642

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 September 30, 2021: ● Purchases of property, plant, and equipment in Accounts payable and Accrued expenses at September 30, 2021 of $ 5.6 17.5 ● Capital lease obligations of $ 21.5 19.5 ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 12.3 ● Obligations of $ 0.1 7,268 ● Obligations of $ 18.0 6.1 ● During the year-to-date period ended September 30, 2021, the Company issued NESR ordinary share consideration of 2,237,000 145,039 266,611 Non-cash transactions for the year-to-date period ended September 30, 2020 were as follows: ● Purchases of property, plant, and equipment in Accounts payable, Accrued expenses and Short-term borrowings at September 30, 2020 of $ 25.6 0.3 23.0 ● Capital lease obligations of $ 24.5 3.8 ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 3.0 0.7 11.5 ● Obligations of $ 7.3 18.4 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 September 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 September 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 Quarter ended Year-to-date period ended September 30, 2020 As Previously Reported As Revised As Previously Reported As Revised Condensed Consolidated Interim Statements of Operations Gain/(loss) on warrant liability $ - $ - $ - $ 558 Income before income tax 15,231 15,231 42,509 43,067 Net income 11,666 11,666 33,569 34,127 Basic earnings per share 0.13 0.13 0.38 0.38 Diluted earnings per share 0.13 0.13 0.38 0.38 Condensed Consolidated Interim Statements of Comprehensive Income Total Comprehensive Income, net of tax 11,666 11,666 33,604 34,162 Condensed Consolidated Interim Statements Of Shareholders’ Equity Retained Earnings 101,230 96,698 101,230 96,698 Total Company Shareholders’ Equity 925,915 925,915 925,915 925,915 Total Shareholders’ Equity 925,971 925,971 925,971 925,971 Condensed Consolidated Interim Statements of Cash Flows Net income 33,569 34,127 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	9 Months Ended
	Sep. 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 $ 36.8 million paid at closing and an estimated $ 17.2 million deferred consideration payment to be paid 6 months after closing. 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 $ 6.6 million as of May 5, 2021. The First Earn-Out and Second Earn-Out were determined using a discounted cash flow approach within a scenario analysis. The Third Earn-Out was valued using a Monte Carlo simulation. Financing of Action Business Combination Consideration for the Action Business Combination was funded through the following sources and transactions: ● cash and cash equivalents of $ 36.8 million; ● deferred cash consideration of $ 17.2 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 Consideration (In US$ thousands) Cash consideration $ 36,767 Deferred cash consideration 17,232 Total consideration – cash 53,999 First Earn-Out 2,824 Second Earn-Out 3,799 Third Earn-Out - Total estimated earn-out mechanisms 6,623 Preliminary consideration $ 60,622 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 September 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 Cash and cash equivalents $ 382 Accounts receivable 8,565 Unbilled revenue 1,352 Service inventories 2,952 Prepaid assets 310 Other receivables 89 Other current assets 1,756 Property, plant and equipment 13,605 Intangible assets 29,100 Other assets 2,054 Total identifiable assets acquired 60,165 Accounts payable 4,947 Accrued expenses 2,428 Other current liabilities 200 Employee benefit liabilities 722 Net identifiable liabilities acquired 8,297 Total fair value of net assets acquired 51,868 Goodwill 8,754 Preliminary consideration $ 60,622 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 $ 29,100 10 years Total intangible assets $ 29,100 Goodwill As of September 30, 2021, $ 8.8 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 September 30, 2021 and 2020, respectively (in US$ thousands): SCHEDULE OF UNAUDITED PROFORMA INFORMATION Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Revenues $ 217,992 $ 225,411 $ 673,710 $ 638,691 Net income/(loss) 1,931 12,968 21,742 35,339 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 $ 9.1 13.5 1.5 1.9 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% Description of the SAPESCO Transaction Under the terms of the SAPESCO Sale & Purchase Agreement, NESR acquired 99.7% 11.0 6.0 17.0 2,237,000 11.0 6.0 2,237,000 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 ● 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 ● 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 11.70 11.70 Collectively, the Cash Earn-Out and Additional Earn-Out Shares were fair valued at $ 11.7 2.1 0.5 145,039 1.6 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 September 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 ● deferred cash consideration of $ 6.0 ● the issuance of 2,237,000 The following summarizes the consideration to purchase 99.7% of the issued and outstanding equity interests of SAPESCO: 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 (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 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): 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): 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 September 30, 2021, $ 46.2 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 September 30, 2020 (in US$ thousands): Quarter ended Year-to-date period ended September 30, 2020 September 30, 2020 Revenues $ 218,423 $ 639,667 Net income/(loss) 12,264 31,448 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 $ 15.0 46.3 2.0 9.6

REVENUE

REVENUE	9 Months Ended
	Sep. 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: September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Production Services $ 138,060 $ 148,292 $ 427,497 $ 420,516 Drilling and Evaluation Services 79,932 70,131 237,848 200,455 Total revenue by phase in well’s life cycle $ 217,992 $ 218,423 $ 665,345 $ 620,971

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Sep. 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 September 30, 2021 December 31, 2020 Trade receivables $ 99,662 $ 118,557 Less: allowance for doubtful accounts (1,439 ) (1,722 ) Total $ 98,223 $ 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 September 30, 2021 and December 31, 2020 were $ 99.7 118.6 million, respectively. The movement in the allowance for doubtful accounts is as follows (in US$ thousands): SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Allowance for doubtful accounts at beginning of period $ (1,655 ) $ (2,365 ) $ (1,722 ) $ (1,843 ) (Increase) decrease to allowance for the period 216 233 (70 ) 259 (Recovery) write-off of doubtful accounts - 182 353 343 Non-cash reclass of allowance for doubtful accounts from unbilled revenue to accounts receivable - (45 ) - (754 ) Allowance for doubtful accounts at end of period $ (1,439 ) $ (1,995 ) $ (1,439 ) $ (1,995 )

SERVICE INVENTORIES

SERVICE INVENTORIES	9 Months Ended
	Sep. 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 September 30, December 31, 2021 2020 Spare parts $ 61,314 $ 54,709 Chemicals 24,380 24,422 Consumables 15,063 15,132 Total $ 100,757 $ 94,263

PROPERTY, PLANT & EQUIPMENT

PROPERTY, PLANT & EQUIPMENT	9 Months Ended
	Sep. 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) September 30, 2021 December 31, 2020 Buildings and leasehold improvements 5 to 25 $ 40,594 $ 31,827 Drilling rigs, plant and equipment 3 to 15 622,302 534,964 Furniture and fixtures 5 2,515 2,282 Office equipment and tools 3 to 10 40,339 39,174 Vehicles and cranes 5 to 8 7,586 7,429 Less: Accumulated depreciation (261,500 ) (193,261 ) Land 5,104 5,104 Capital work in progress 9,792 10,224 Total $ 466,732 $ 437,743 The Company recorded depreciation expense of $ 29.3 28.0 million, $ 83.1 79.8 million for the quarter ended September 30, 2021, the quarter ended September 30, 2020, the year-to-date period ended September 30, 2021, and the year-to-date period ended September 30, 2020, respectively, in the Condensed Consolidated Interim Statement of Operations.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill of the Company between December 31, 2020, and September 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 5,118 3,636 8,754 Balance as of September 30, 2021 $ 448,575 $ 181,100 $ 629,675 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 September 30, 2021 December 31, 2020 Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer contracts & relationships $ 153,500 $ (42,383 ) $ 111,117 $ 124,400 $ (31,685 ) $ 92,715 Trademarks and trade names 25,940 (10,734 ) 15,206 25,940 (8,279 ) 17,661 Total intangible assets $ 179,440 $ (53,117 ) $ 126,323 $ 150,340 $ (39,964 ) $ 110,376 The aggregate amortization expense remaining for each of the five years subsequent to December 31, 2020 is $ 4.7 18.7 18.6 18.6 18.6

DEBT

DEBT	9 Months Ended
	Sep. 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 September 30, 2021 December 31, 2020 Secured Term Loan $ 258,750 $ 285,000 Secured Revolving Credit Facility 65,000 65,000 CIB Long-Term Debt 10,000 10,000 Less: unamortized debt issuance costs (3,181 ) (3,886 ) Total loans and borrowings 330,569 356,114 Less: current installments of long-term debt (1) - (47,500 ) Long-term debt, net of unamortized debt issuance costs and excluding current installments $ 330,569 $ 308,614 (1) As discussed in Note 20, Subsequent Events, during the fourth quarter of 2021, the Company entered into a $ 860 860 430 350 80 No payments are due on the term loan until the first quarter of 2023 Secured Facilities Agreement On May 5, 2019, the Company entered into a $ 450.0 35.0 40.0 485.0 525.0 501.3 492.8 The $ 492.8 258.8 May 6, 2025 65.0 May 6, 2023 169.0 2.4 2.7 2.6 2.6 258.8 285.0 65 65 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 2.4 2.7 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. 0.0 0.0 The Secured Facilities Agreement also includes a working capital facility of $ 169.0 151.3 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. 160.2 129.4 8.8 21.9 The Company has also retained legacy bilateral working capital facilities from HSBC totaling $ 24.7 24.7 10.3 10.3 14.3 14.3 0.1 0.1 18.1 18.5 6.7 6.2 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. CIB Long-Term Debt As part of the SAPESCO transaction, the Company assumed a $ 21.0 Under the terms of its arrangement with CIB, the Company repaid $ 11.0 10.0 2 2.3 Short-term debt The Company’s short-term debt obligations consist of the following (in US$ thousands): SCHEDULE OF SHORT TERM DEBT OBLIGATIONS September 30, 2021 December 31, 2020 CIB Short-Term Debt $ 871 $ 2,125 ABK Short-Term Debt - 2,252 HSBC Loan Line 36,000 - Other short-term borrowings from working capital facilities 59,597 37,983 Short-term debt, excluding current installments of long-term debt $ 96,468 $ 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 2 10 14.5 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 September 30, 2021, and December 31, 2020, the CIB Short-Term Debt resulted in an interest rate of 2.4 2.3 10 10.0 0.9 0.0 0.0 7.9 0.6 2 10 6.6 1.3 2.0 9.8 8.3 0.2 0.0 0.2 6.3 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 million U.S. Dollar time loan facility and $ 0.2 million U.S. dollars in letters of guarantee. The ABK Short-Term Debt accrues interest at 1.65% per annum over The Central Bank of Egypt’s Corridor Offer Rate. As of September 30, 2021, and December 31, 2020, this resulted in an interest rate of 11 11 0.0 0.1 3.0 0.1 2.3 0.2 0.8 0.0 respectively HSBC Loan Line On May 3, 2021, the Company borrowed $ 9.9 3 3.1 % during the term of the loan. The Company repaid the $ 9.9 On August 9, 2021, the Company borrowed an additional $ 36.0 9.9 36 December 4, 2021 2.4 2.5 Other debt information Scheduled principal payments of long-term debt for periods subsequent to September 30, 2021 are as follows (in US$ thousands): SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT 2021 2021 $ 21,250 2022 45,000 2023 110,000 2024 45,000 2025 112,500 Thereafter - Total $ 333,750 As part of the SAPESCO transaction, the Company also assumed other working capital facilities totaling $ 0.6 0.6 0.0 In the third quarter of 2021, the Company obtained a $ 3.0 3.0

FAIR VALUE ACCOUNTING

FAIR VALUE ACCOUNTING	9 Months Ended
	Sep. 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 September 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 September 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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Beginning Balance $ - $ - $ - $ (930 ) Change in Private Warrant liability - - - 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	9 Months Ended
	Sep. 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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Service cost $ 1,640 $ 855 $ 3,706 $ 2,755 Interest cost 410 214 927 689 Other - - - - Net cost $ 2,050 $ 1,069 $ 4,633 $ 3,444 The Company made employer contributions (direct payment of benefits) to its defined benefit plan of $ 0.6 0.1 2.0 0.1 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 2.8 2.4

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION In 2018, the NESR shareholders approved the 2018 Long Term Incentive Plan (the “LTIP”). A total of 5,000,000 1 3 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 September 30, 2021 September 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 2,357,225 $ 9.43 2,244,662 $ 7.72 Granted 191,250 $ 11.5 39,000 $ 8.46 Vested and issued (242,017 ) $ 9.92 (282,332 ) $ 9.98 Forfeited (64,172 ) $ 9.75 (12,001 ) $ 8.60 Unvested at End of Period 2,242,286 $ 9.47 1,989,329 $ 7.41 Year-to-date period ended September 30, 2021 September 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 1,502,590 $ 10.25 Granted 1,284,335 $ 11.89 1,119,905 $ 5.16 Vested and issued (935,032 ) $ 8.04 (590,264 ) $ 10.18 Forfeited (145,679 ) $ 9.25 (43,002 ) $ 9.74 Unvested at End of Period 2,242,286 $ 9.47 1,989,329 $ 7.41 At September 30, 2021 and 2020, the Company had unrecognized compensation expense of $ 16.3 11.2 2.1 1.8 SCHEDULE OF STOCK-BASED COMPENSATION Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Cost of Services $ 1,316 $ 938 $ 3,494 $ 2,604 Selling, general and administrative expenses 1,437 1,141 3,859 3,237 Net cost $ 2,753 $ 2,079 $ 7,353 $ 5,841

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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 $ 41.5 16.1 Capital lease commitments The Company leases certain hydraulic fracturing equipment under capital leases that expire between 2021 and 2023. 24 36 4.3 6.5 9.5 25.5 7.5 22.3 2.0 3.2 0.1 0.4 0.4 1.2 The Company also leases certain equipment in Egypt under capital leases that expire between 2021 and 2024. 2.5 3.0 0.8 0.7 1.7 2.3 0.2 0.2 0.4 0.2 The Company also leases certain basecamp equipment in Saudi Arabia under a capital lease that expires in 2023 2.5 29.0 0.0 13.2 0.0 15.8 0.0 11.3 0.2 0.0 0.3 0.0 Future minimum lease payments and future interest payments under non-cancellable equipment capital leases at September 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 September 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 $ 13,072 $ 810 $ 13,882 $ 22,500 $ 1,524 $ 24,024 2022 12,154 915 13,069 3,236 453 3,689 2023 15,383 255 15,638 1,810 174 1,984 2024 440 21 461 438 21 459 2025 - - - - - - Thereafter - - - - - - Total $ 41,049 $ 2,001 $ 43,050 $ 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 September 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 September 30, 2021 December 31, 2020 2021 $ 1,346 $ 21,665 2022 2,988 2,814 2023 2,072 1,998 2024 1,413 2,003 2025 632 1,355 Thereafter 3,468 3,413 Total $ 11,919 $ 33,248 The Company recorded rental expense of $ 34.9 million, $ 34.9 million, $ 115.2 million and $ 103.8 million for the quarter ended September 30, 2021, the quarter ended September 30, 2020, the year-to-date period ended September 30, 2021, and the year-to-date period ended September 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 September 30, 2021, and December 31, 2020, were $ 12.3 15.2 12.3 11.4 0.6 3.2 The Company had outstanding letters of credit amounting to $ 22.9 16.9 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 $ 107.2 101.5 4.2 3.4 As of September 30, 2021, and December 31, 2020, the Company had liabilities of $ 2.0 4.0 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	9 Months Ended
	Sep. 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 September 30, 2021 and December 31, 2020, there were 91,361,235 87,777,553 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 September 30, 2021, and December 31, 2020, there were no Public and Private Warrants As of both September 30, 2021 and December 31, 2020, there were 35,540,380 5.75 September 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 September 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	9 Months Ended
	Sep. 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 September 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 September 30, 2021 Weighted Average Ordinary Shares Outstanding June 30, 2021 Beginning Balance 91,126,486 August 14, 2021 Restricted Stock Vesting 242,017 123,639 September 30, 2021 Ending Balance 91,250,125 Date Transaction Detail Change in Shares Year-to-date period ended September 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 70,517 March 16, 2021 Restricted Stock Vesting 316,781 229,753 March 18, 2021 Restricted Stock Vesting 288,329 207,005 December 31, 2020 SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 issued on June 8, 2021) (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 75,891 June 8, 2021 SAPESCO - Customer Receivables Earn-Out Shares (contingency resolved and issued both on June 8, 2021) 2,962 1,237 August 14, 2021 Restricted Stock Vesting 242,017 41,666 September 30, 2021 Ending Balance 90,943,363 (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 145,039 (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 Quarter ended Year-to-date period ended Undistributed & distributed earnings to common shareholders Common shares EPS Undistributed & distributed earnings to common shareholders Common shares EPS Basic EPS - common shares $ 1,931 91,250,125 $ 0.02 $ 21,224 90,943,364 $ 0.23 Restricted Stock Units - 891,775 - 976,002 Antidilution sequencing - subtotal 1,931 92,141,900 $ 0.02 21,224 91,919,366 $ 0.23 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 974,586 1,369,132 Antidilution sequencing - subtotal 1,931 93,116,486 $ 0.02 21,224 93,288,498 $ 0.23 Diluted EPS - common shares $ 1,931 93,116,486 $ 0.02 $ 21,224 93,288,498 $ 0.23 Warrants that could be converted into as many as 16,795,604 16,401,058 1,340,984 1,227,646 Quarter and year-to- date periods ended September 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 September 30, 2020 June 30, 2020 Beginning Balance 87,495,221 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 5) (1) 2,237,000 2,237,000 August 14, 2020 Vesting of restricted share units 282,332 144,235 September 30, 2020 Ending Balance 89,876,456 (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 September 30, 2020 December 31, 2019 Beginning Balance 87,187,289 March 18, 2020 Restricted stock vesting 307,932 220,273 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 5) (1) 2,237,000 996,036 August 14, 2020 Restricted stock vesting 282,332 48,429 September 30, 2020 Ending Balance 88,452,027 (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: September 30, 2020 September 30, 2020 Weighted average ordinary shares outstanding 89,876,456 88,452,027 Non-vested, participating restricted shares 869,424 869,424 Shares for use in allocation of participating earnings 90,745,880 89,321,451 Basic earnings per share (EPS): SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE Quarter ended Year-to-date Period Ended September 30, 2020 September 30, 2020 Net income $ 11,666 $ 34,127 Less dividends to: Ordinary Shares - - Non-vested participating shares - - Total Undistributed Earnings $ 11,666 $ 34,127 Quarter ended Year-to-date period ended September 30, 2020 September 30, 2020 Allocation of undistributed earnings to Ordinary Shares $ 11,554 $ 33,795 Allocation of undistributed earnings to Non-vested Shares 112 332 Total Undistributed Earnings $ 11,666 $ 34,127 Quarter ended Year-to-date period ended Ordinary Shares: September 30, 2020 September 30, 2020 Distributed Earnings $ - $ - Undistributed Earnings 0.13 0.38 Total $ 0.13 $ 0.38 Diluted earnings per share (EPS): Quarter ended Year-to-date period ended September 30, 2020 Ordinary shares Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Basic EPS $ 11,554 89,876,456 $ 0.13 $ 33,795 88,452,027 $ 0.38 Add-back: Undistributed earnings allocated to non-vested shareholders 112 - 332 - 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 (112 ) - (332 ) - Diluted EPS — Ordinary shares $ 11,554 89,876,456 $ 0.13 $ 33,795 88,452,027 $ 0.38 (1) Non-participating warrants that could be converted into as many as 17,770,190 1,119,905

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 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 42 The Company’s effective tax rate was 38 23 20 21

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 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 0.06 0.2 0.2 0.3 0.3 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 $ 0.03 0.04 0.05 0.08 0.6 0.6 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 0.1 0.4 0.9 0.7 0.3 Nine Energy Service, Inc. (“Nine”) The Company purchased $ 0.3 0.1 1.1 1.5 1.5 3.7 Basin Holdings US LLC (“Basin”) The Company purchased $ 0.3 1.1 0.6 1.6 0.2 0.0

REPORTABLE SEGMENTS

REPORTABLE SEGMENTS	9 Months Ended
	Sep. 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 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 September 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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Reportable Segment: Production Services $ 138,060 $ 148,292 $ 427,497 $ 420,516 Drilling and Evaluation Services 79,932 70,131 237,848 200,455 Total revenue $ 217,992 $ 218,423 $ 665,345 $ 620,971 Long-lived assets September 30, 2021 December 31, 2020 Reportable Segment: Production Services $ 322,325 $ 303,625 Drilling and Evaluation Services 125,635 124,062 Total Reportable Segments 447,960 427,687 Unallocated assets 18,772 10,056 Total long-lived assets $ 466,732 $ 437,743 Operating income Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Reportable Segment: Production Services $ 10,625 $ 21,425 $ 42,822 $ 62,970 Drilling and Evaluation Services 7,084 7,377 25,355 23,579 Total Reportable Segments 17,709 28,802 68,177 86,549 Unallocated expenses (9,607 ) (9,815 ) (29,996 ) (31,189 ) Total operating income $ 8,102 $ 18,987 $ 38,181 $ 55,360 Revenue by geographic area SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS AND LONG-LIVED ASSETS, BY GEOGRAPHICAL AREAS Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Geographic Area: Domestic (British Virgin Islands) $ - $ - $ - $ - MENA 215,557 215,762 657,890 612,560 Rest of World 2,435 2,661 7,455 8,411 Total revenue $ 217,992 $ 218,423 $ 665,345 $ 620,971 Long-lived assets by geographic area September 30, 2021 December 31, 2020 Geographic area: Domestic (British Virgin Islands) $ $ - MENA 458,447 429,283 Rest of World 8,285 8,460 Total long-lived assets $ 466,732 $ 437,743

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS During the fourth quarter of 2021, the Company entered into a $ 860 860 430 350 80 No payments are due on the term loan until the first quarter of 2023 Borrowings under the term and revolving facilities will incur interest at the rate of three-month LIBOR plus 2.6% to 3.0% per annum, varying based on the Company’s Net Debt / EBITDA ratio. Covenants will include 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.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Supplemental cash flow information	Supplemental cash flow information Non-cash transactions were as follows as of September 30, 2021: ● Purchases of property, plant, and equipment in Accounts payable and Accrued expenses at September 30, 2021 of $ 5.6 17.5 ● Capital lease obligations of $ 21.5 19.5 ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 12.3 ● Obligations of $ 0.1 7,268 ● Obligations of $ 18.0 6.1 ● During the year-to-date period ended September 30, 2021, the Company issued NESR ordinary share consideration of 2,237,000 145,039 266,611 Non-cash transactions for the year-to-date period ended September 30, 2020 were as follows: ● Purchases of property, plant, and equipment in Accounts payable, Accrued expenses and Short-term borrowings at September 30, 2020 of $ 25.6 0.3 23.0 ● Capital lease obligations of $ 24.5 3.8 ● Purchases of property, plant, and equipment using seller-provided installment financing of $ 3.0 0.7 11.5 ● Obligations of $ 7.3 18.4
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 September 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 September 30, 2020	Correction of Warrant Accounting for the quarter and year-to-date periods ended September 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 Quarter ended Year-to-date period ended September 30, 2020 As Previously Reported As Revised As Previously Reported As Revised Condensed Consolidated Interim Statements of Operations Gain/(loss) on warrant liability $ - $ - $ - $ 558 Income before income tax 15,231 15,231 42,509 43,067 Net income 11,666 11,666 33,569 34,127 Basic earnings per share 0.13 0.13 0.38 0.38 Diluted earnings per share 0.13 0.13 0.38 0.38 Condensed Consolidated Interim Statements of Comprehensive Income Total Comprehensive Income, net of tax 11,666 11,666 33,604 34,162 Condensed Consolidated Interim Statements Of Shareholders’ Equity Retained Earnings 101,230 96,698 101,230 96,698 Total Company Shareholders’ Equity 925,915 925,915 925,915 925,915 Total Shareholders’ Equity 925,971 925,971 925,971 925,971 Condensed Consolidated Interim Statements of Cash Flows Net income 33,569 34,127 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)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SCHEDULE OF RESTATEMENT	SCHEDULE OF RESTATEMENT Quarter ended Year-to-date period ended September 30, 2020 As Previously Reported As Revised As Previously Reported As Revised Condensed Consolidated Interim Statements of Operations Gain/(loss) on warrant liability $ - $ - $ - $ 558 Income before income tax 15,231 15,231 42,509 43,067 Net income 11,666 11,666 33,569 34,127 Basic earnings per share 0.13 0.13 0.38 0.38 Diluted earnings per share 0.13 0.13 0.38 0.38 Condensed Consolidated Interim Statements of Comprehensive Income Total Comprehensive Income, net of tax 11,666 11,666 33,604 34,162 Condensed Consolidated Interim Statements Of Shareholders’ Equity Retained Earnings 101,230 96,698 101,230 96,698 Total Company Shareholders’ Equity 925,915 925,915 925,915 925,915 Total Shareholders’ Equity 925,971 925,971 925,971 925,971 Condensed Consolidated Interim Statements of Cash Flows Net income 33,569 34,127 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)	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST	SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST Consideration (In US$ thousands) Cash consideration $ 36,767 Deferred cash consideration 17,232 Total consideration – cash 53,999 First Earn-Out 2,824 Second Earn-Out 3,799 Third Earn-Out - Total estimated earn-out mechanisms 6,623 Preliminary consideration $ 60,622 The following summarizes the consideration to purchase 99.7% of the issued and outstanding equity interests of SAPESCO: 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 (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
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 Cash and cash equivalents $ 382 Accounts receivable 8,565 Unbilled revenue 1,352 Service inventories 2,952 Prepaid assets 310 Other receivables 89 Other current assets 1,756 Property, plant and equipment 13,605 Intangible assets 29,100 Other assets 2,054 Total identifiable assets acquired 60,165 Accounts payable 4,947 Accrued expenses 2,428 Other current liabilities 200 Employee benefit liabilities 722 Net identifiable liabilities acquired 8,297 Total fair value of net assets acquired 51,868 Goodwill 8,754 Preliminary consideration $ 60,622 The following table summarizes the final allocation of the purchase price allocation (in US$ thousands): 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 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 $ 29,100 10 years Total intangible assets $ 29,100 The final allocation to intangible assets is as follows (in US$ thousands): 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 September 30, 2021 and 2020, respectively (in US$ thousands): SCHEDULE OF UNAUDITED PROFORMA INFORMATION Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Revenues $ 217,992 $ 225,411 $ 673,710 $ 638,691 Net income/(loss) 1,931 12,968 21,742 35,339 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 September 30, 2020 (in US$ thousands): Quarter ended Year-to-date period ended September 30, 2020 September 30, 2020 Revenues $ 218,423 $ 639,667 Net income/(loss) 12,264 31,448

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 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: September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Production Services $ 138,060 $ 148,292 $ 427,497 $ 420,516 Drilling and Evaluation Services 79,932 70,131 237,848 200,455 Total revenue by phase in well’s life cycle $ 217,992 $ 218,423 $ 665,345 $ 620,971

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 December 31, 2020 Trade receivables $ 99,662 $ 118,557 Less: allowance for doubtful accounts (1,439 ) (1,722 ) Total $ 98,223 $ 116,835
SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS	SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Allowance for doubtful accounts at beginning of period $ (1,655 ) $ (2,365 ) $ (1,722 ) $ (1,843 ) (Increase) decrease to allowance for the period 216 233 (70 ) 259 (Recovery) write-off of doubtful accounts - 182 353 343 Non-cash reclass of allowance for doubtful accounts from unbilled revenue to accounts receivable - (45 ) - (754 ) Allowance for doubtful accounts at end of period $ (1,439 ) $ (1,995 ) $ (1,439 ) $ (1,995 )

SERVICE INVENTORIES (Tables)

SERVICE INVENTORIES (Tables)	9 Months Ended
	Sep. 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 September 30, December 31, 2021 2020 Spare parts $ 61,314 $ 54,709 Chemicals 24,380 24,422 Consumables 15,063 15,132 Total $ 100,757 $ 94,263

PROPERTY, PLANT & EQUIPMENT (Ta

PROPERTY, PLANT & EQUIPMENT (Tables)	9 Months Ended
	Sep. 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) September 30, 2021 December 31, 2020 Buildings and leasehold improvements 5 to 25 $ 40,594 $ 31,827 Drilling rigs, plant and equipment 3 to 15 622,302 534,964 Furniture and fixtures 5 2,515 2,282 Office equipment and tools 3 to 10 40,339 39,174 Vehicles and cranes 5 to 8 7,586 7,429 Less: Accumulated depreciation (261,500 ) (193,261 ) Land 5,104 5,104 Capital work in progress 9,792 10,224 Total $ 466,732 $ 437,743

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 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 September 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 5,118 3,636 8,754 Balance as of September 30, 2021 $ 448,575 $ 181,100 $ 629,675
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 September 30, 2021 December 31, 2020 Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer contracts & relationships $ 153,500 $ (42,383 ) $ 111,117 $ 124,400 $ (31,685 ) $ 92,715 Trademarks and trade names 25,940 (10,734 ) 15,206 25,940 (8,279 ) 17,661 Total intangible assets $ 179,440 $ (53,117 ) $ 126,323 $ 150,340 $ (39,964 ) $ 110,376

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 December 31, 2020 Secured Term Loan $ 258,750 $ 285,000 Secured Revolving Credit Facility 65,000 65,000 CIB Long-Term Debt 10,000 10,000 Less: unamortized debt issuance costs (3,181 ) (3,886 ) Total loans and borrowings 330,569 356,114 Less: current installments of long-term debt (1) - (47,500 ) Long-term debt, net of unamortized debt issuance costs and excluding current installments $ 330,569 $ 308,614 (1) As discussed in Note 20, Subsequent Events, during the fourth quarter of 2021, the Company entered into a $ 860 860 430 350 80 No payments are due on the term loan until the first quarter of 2023
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 September 30, 2021 December 31, 2020 CIB Short-Term Debt $ 871 $ 2,125 ABK Short-Term Debt - 2,252 HSBC Loan Line 36,000 - Other short-term borrowings from working capital facilities 59,597 37,983 Short-term debt, excluding current installments of long-term debt $ 96,468 $ 42,360
SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT	Scheduled principal payments of long-term debt for periods subsequent to September 30, 2021 are as follows (in US$ thousands): SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT 2021 2021 $ 21,250 2022 45,000 2023 110,000 2024 45,000 2025 112,500 Thereafter - Total $ 333,750

FAIR VALUE ACCOUNTING (Tables)

FAIR VALUE ACCOUNTING (Tables)	9 Months Ended
	Sep. 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 September 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 September 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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Beginning Balance $ - $ - $ - $ (930 ) Change in Private Warrant liability - - - 930 Ending Balance $ - $ - $ - $ -

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Service cost $ 1,640 $ 855 $ 3,706 $ 2,755 Interest cost 410 214 927 689 Other - - - - Net cost $ 2,050 $ 1,069 $ 4,633 $ 3,444 The Company made employer contributions (direct payment of benefits) to its defined benefit plan of $ 0.6 0.1 2.0 0.1 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 2.8 2.4

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 September 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 2,357,225 $ 9.43 2,244,662 $ 7.72 Granted 191,250 $ 11.5 39,000 $ 8.46 Vested and issued (242,017 ) $ 9.92 (282,332 ) $ 9.98 Forfeited (64,172 ) $ 9.75 (12,001 ) $ 8.60 Unvested at End of Period 2,242,286 $ 9.47 1,989,329 $ 7.41 Year-to-date period ended September 30, 2021 September 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 1,502,590 $ 10.25 Granted 1,284,335 $ 11.89 1,119,905 $ 5.16 Vested and issued (935,032 ) $ 8.04 (590,264 ) $ 10.18 Forfeited (145,679 ) $ 9.25 (43,002 ) $ 9.74 Unvested at End of Period 2,242,286 $ 9.47 1,989,329 $ 7.41
SCHEDULE OF STOCK-BASED COMPENSATION	SCHEDULE OF STOCK-BASED COMPENSATION Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Cost of Services $ 1,316 $ 938 $ 3,494 $ 2,604 Selling, general and administrative expenses 1,437 1,141 3,859 3,237 Net cost $ 2,753 $ 2,079 $ 7,353 $ 5,841

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 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 September 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 September 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 $ 13,072 $ 810 $ 13,882 $ 22,500 $ 1,524 $ 24,024 2022 12,154 915 13,069 3,236 453 3,689 2023 15,383 255 15,638 1,810 174 1,984 2024 440 21 461 438 21 459 2025 - - - - - - Thereafter - - - - - - Total $ 41,049 $ 2,001 $ 43,050 $ 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 September 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 September 30, 2021 December 31, 2020 2021 $ 1,346 $ 21,665 2022 2,988 2,814 2023 2,072 1,998 2024 1,413 2,003 2025 632 1,355 Thereafter 3,468 3,413 Total $ 11,919 $ 33,248

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 Weighted Average Ordinary Shares Outstanding June 30, 2021 Beginning Balance 91,126,486 August 14, 2021 Restricted Stock Vesting 242,017 123,639 September 30, 2021 Ending Balance 91,250,125 Date Transaction Detail Change in Shares Year-to-date period ended September 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 70,517 March 16, 2021 Restricted Stock Vesting 316,781 229,753 March 18, 2021 Restricted Stock Vesting 288,329 207,005 December 31, 2020 SAPESCO - Contingently Issuable Shares (contingency resolved at December 31, 2020; all but 7,268 issued on June 8, 2021) (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 75,891 June 8, 2021 SAPESCO - Customer Receivables Earn-Out Shares (contingency resolved and issued both on June 8, 2021) 2,962 1,237 August 14, 2021 Restricted Stock Vesting 242,017 41,666 September 30, 2021 Ending Balance 90,943,363 (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 145,039 (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 Quarter ended Year-to-date period ended Undistributed & distributed earnings to common shareholders Common shares EPS Undistributed & distributed earnings to common shareholders Common shares EPS Basic EPS - common shares $ 1,931 91,250,125 $ 0.02 $ 21,224 90,943,364 $ 0.23 Restricted Stock Units - 891,775 - 976,002 Antidilution sequencing - subtotal 1,931 92,141,900 $ 0.02 21,224 91,919,366 $ 0.23 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 974,586 1,369,132 Antidilution sequencing - subtotal 1,931 93,116,486 $ 0.02 21,224 93,288,498 $ 0.23 Diluted EPS - common shares $ 1,931 93,116,486 $ 0.02 $ 21,224 93,288,498 $ 0.23 Warrants that could be converted into as many as 16,795,604 16,401,058 1,340,984 1,227,646 Quarter and year-to- date periods ended September 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 September 30, 2020 June 30, 2020 Beginning Balance 87,495,221 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 5) (1) 2,237,000 2,237,000 August 14, 2020 Vesting of restricted share units 282,332 144,235 September 30, 2020 Ending Balance 89,876,456 (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 September 30, 2020 December 31, 2019 Beginning Balance 87,187,289 March 18, 2020 Restricted stock vesting 307,932 220,273 June 1, 2020 Shares to be issued in SAPESCO transaction (Note 5) (1) 2,237,000 996,036 August 14, 2020 Restricted stock vesting 282,332 48,429 September 30, 2020 Ending Balance 88,452,027 (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: September 30, 2020 September 30, 2020 Weighted average ordinary shares outstanding 89,876,456 88,452,027 Non-vested, participating restricted shares 869,424 869,424 Shares for use in allocation of participating earnings 90,745,880 89,321,451
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 September 30, 2020 September 30, 2020 Net income $ 11,666 $ 34,127 Less dividends to: Ordinary Shares - - Non-vested participating shares - - Total Undistributed Earnings $ 11,666 $ 34,127 Quarter ended Year-to-date period ended September 30, 2020 September 30, 2020 Allocation of undistributed earnings to Ordinary Shares $ 11,554 $ 33,795 Allocation of undistributed earnings to Non-vested Shares 112 332 Total Undistributed Earnings $ 11,666 $ 34,127 Quarter ended Year-to-date period ended Ordinary Shares: September 30, 2020 September 30, 2020 Distributed Earnings $ - $ - Undistributed Earnings 0.13 0.38 Total $ 0.13 $ 0.38 Diluted earnings per share (EPS): Quarter ended Year-to-date period ended September 30, 2020 Ordinary shares Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Undistributed & distributed earnings to ordinary shareholders Ordinary shares EPS Basic EPS $ 11,554 89,876,456 $ 0.13 $ 33,795 88,452,027 $ 0.38 Add-back: Undistributed earnings allocated to non-vested shareholders 112 - 332 - 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 (112 ) - (332 ) - Diluted EPS — Ordinary shares $ 11,554 89,876,456 $ 0.13 $ 33,795 88,452,027 $ 0.38 (1) Non-participating warrants that could be converted into as many as 17,770,190 1,119,905

REPORTABLE SEGMENTS (Tables)

REPORTABLE SEGMENTS (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Reportable Segment: Production Services $ 138,060 $ 148,292 $ 427,497 $ 420,516 Drilling and Evaluation Services 79,932 70,131 237,848 200,455 Total revenue $ 217,992 $ 218,423 $ 665,345 $ 620,971 Long-lived assets September 30, 2021 December 31, 2020 Reportable Segment: Production Services $ 322,325 $ 303,625 Drilling and Evaluation Services 125,635 124,062 Total Reportable Segments 447,960 427,687 Unallocated assets 18,772 10,056 Total long-lived assets $ 466,732 $ 437,743 Operating income Quarter ended Year-to-date period ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Reportable Segment: Production Services $ 10,625 $ 21,425 $ 42,822 $ 62,970 Drilling and Evaluation Services 7,084 7,377 25,355 23,579 Total Reportable Segments 17,709 28,802 68,177 86,549 Unallocated expenses (9,607 ) (9,815 ) (29,996 ) (31,189 ) Total operating income $ 8,102 $ 18,987 $ 38,181 $ 55,360
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 September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Geographic Area: Domestic (British Virgin Islands) $ - $ - $ - $ - MENA 215,557 215,762 657,890 612,560 Rest of World 2,435 2,661 7,455 8,411 Total revenue $ 217,992 $ 218,423 $ 665,345 $ 620,971 Long-lived assets by geographic area September 30, 2021 December 31, 2020 Geographic area: Domestic (British Virgin Islands) $ $ - MENA 458,447 429,283 Rest of World 8,285 8,460 Total long-lived assets $ 466,732 $ 437,743

SCHEDULE OF RESTATEMENT (Detail

SCHEDULE OF RESTATEMENT (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		7 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2018	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2021	Jun. 30, 2020
Income before income tax	$ 3,133	$ 15,231		$ 26,443	$ 43,067
Net income	$ 1,931	$ 11,666		$ 21,224	$ 34,127
Basic earnings per share	$ 0.02	$ 0.13		$ 0.23	$ 0.38
Diluted earnings per share	$ 0.02	$ 0.13		$ 0.23	$ 0.38
Total Comprehensive Income, net of tax	$ 1,931	$ 11,666		$ 21,257	$ 34,162
Retained Earnings	134,440			134,440		$ 113,216
Total Company Shareholders' Equity	988,838			988,838		944,426
Total Shareholders' Equity	988,830	925,971		988,830	925,971	944,418	$ 885,542	$ 984,146	$ 912,231
Net income	1,931	11,666		21,224	34,127
Loss (Gain) on warrant liability	0	0		0	930
Total liabilities	$ 777,554			$ 777,554		742,636
Previously Reported [Member]
Gain/(loss) on warrant liability
Income before income tax		15,231	44,411		42,509	60,792	52,435
Net income		$ 11,666	$ 34,980		$ 33,569	$ 50,087	$ 39,364
Basic earnings per share		$ 0.13	$ 0.41		$ 0.38	$ 0.56	$ 0.45
Diluted earnings per share		$ 0.13	$ 0.40		$ 0.38	$ 0.56	$ 0.45
Total Comprehensive Income, net of tax		$ 11,666	$ 35,143		$ 33,604	$ 50,122	$ 39,345
Retained Earnings		101,230	28,297		101,230	117,748	67,661
Total Company Shareholders' Equity		925,915	830,924		925,915	944,426	886,472
Total Shareholders' Equity		925,971	830,991		925,971	944,418	886,472
Net income					33,569
Loss (Gain) on warrant liability
Warranty liabilities
Total liabilities						742,636	635,892
As Revised [Member]
Gain/(loss) on warrant liability			(1,816)		558	557	5,054
Income before income tax		15,231	42,595		43,067	61,349	57,489
Net income		$ 11,666	$ 33,164		$ 34,127	$ 50,644	$ 44,418
Basic earnings per share		$ 0.13	$ 0.39		$ 0.38	$ 0.57	$ 0.51
Diluted earnings per share		$ 0.13	$ 0.38		$ 0.38	$ 0.56	$ 0.45
Total Comprehensive Income, net of tax		$ 11,666	$ 33,327		$ 34,162	$ 50,679	$ 44,399
Retained Earnings		96,698	18,153		96,698	113,216	62,571
Total Company Shareholders' Equity		925,915	818,281		925,915	944,426	885,542
Total Shareholders' Equity		$ 925,971	$ 818,348		925,971	944,418	885,542
Net income					34,127
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 Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020		Sep. 30, 2021	Sep. 30, 2020		Dec. 31, 2020
Capital lease obligations, current			$ 21,500
Capital lease obligations, non current			$ 19,500
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
Capital lease obligations, current				$ 24,500
Capital ease obligations, noncurrent	$ 3,800			3,800
Other current liabilities	7,300		$ 48,256	7,300		$ 30,400
Other liabilities	$ 18,400		$ 2,000	18,400		$ 4,000
Common Stock One [Member]
Change in Shares, SAPESCO - Additional Earn-Out Shares			266,611
Short Term Borrowings [Member]
Payments to acquire property, plant, and equipment				23,000
S A P E S C O [Member]
Stock to be issued during period, shares, acquisitions			7,268
SAPESCO Business Combination [Member]
Debt obligation			$ 100
Accounts Payable [Member]
Payments to acquire property, plant, and equipment			5,600	25,600
Accounts Payable [Member] | Seller Provided Installment Financing
Payments to acquire property, plant, and equipment			12,300	11,500
Accrued Liabilities [Member]
Payments to acquire property, plant, and equipment			17,500	300
Other Current Liabilities [Member]
Other liabilities related to future payments of cash purchase			18,000
Other Current Liabilities [Member] | Seller Provided Installment Financing
Payments to acquire property, plant, and equipment				3,000
Other Liabilities [Member]
Other liabilities related to future payments of cash purchase			$ 6,100
Other Liabilities [Member] | Seller Provided Installment Financing
Payments to acquire property, plant, and equipment				$ 700
[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 ($) $ in Thousands		Sep. 30, 2021	May 05, 2021
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
Action Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
Cash consideration			$ 36,767
Deferred cash consideration			17,232
Total consideration - cash			53,999
First Earn-Out			2,824
Second Earn-Out			3,799
Third Earn-Out
Total estimated earn-out mechanisms			6,623
Preliminary consideration			60,622
Cash consideration			382
Total consideration			$ 60,165
[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 145,039
[2]	The fair value of NESR ordinary shares was determined based upon the $ 5.37

SCHEDULE OF PURCHASE PRICE ALLO

SCHEDULE OF PURCHASE PRICE ALLOCATION (Details) - USD ($) $ in Thousands	Sep. 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
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
Employee benefit liabilities	1,455
Net identifiable liabilities acquired	55,297
Total fair value of net assets acquired	(5,508)
Goodwill	46,157
Total consideration	40,649
Retention withholdings	279
Current installments of long-term debt	5,400
Short-term borrowings	5,692
Income taxes payable	313
Other taxes payable	3,802
Other liabilities	2,237
Long-term debt	15,572
Non-controlling interests	$ (8)
Action Sale and Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and cash equivalents		$ 382
Accounts receivable		8,565
Unbilled revenue		1,352
Service inventories		2,952
Prepaid assets		310
Other receivables		89
Other current assets		1,756
Property, plant and equipment		13,605
Intangible assets		29,100
Other assets		2,054
Total identifiable assets acquired		60,165
Accounts payable		4,947
Accrued expenses		2,428
Other current liabilities		200
Employee benefit liabilities		722
Net identifiable liabilities acquired		8,297
Total fair value of net assets acquired		51,868
Goodwill		8,754
Total consideration		$ 60,622

SCHEDULE OF PRELIMINARY ALLOCAT

SCHEDULE OF PRELIMINARY ALLOCATION TO INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	May 05, 2021	Sep. 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	$ 29,100
Action Sale and Purchase Agreement [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 29,100
Total intangible assets, term	10 years

SCHEDULE OF UNAUDITED PROFORMA

SCHEDULE OF UNAUDITED PROFORMA INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition [Line Items]
Revenues	$ 217,992	$ 225,411	$ 673,710	$ 638,691
Net income/(loss)	$ 1,931	12,968	$ 21,742	35,339
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Revenues		218,423		639,667
Net income/(loss)		$ 12,264		$ 31,448

SCHEDULE OF CONSIDERATION TO _2

SCHEDULE OF CONSIDERATION TO PURCHASE ISSUED AND OUTSTANDING EQUITY INTEREST (Details) (Parenthetical) - Sahara Petroleum Services Company [Member] - $ / shares	9 Months Ended
	Sep. 30, 2021	Jun. 02, 2021
Business Acquisition [Line Items]
losing price per share		$ 5.37
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	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020		Sep. 30, 2021	Sep. 30, 2020		Dec. 31, 2020	Jun. 30, 2021	Jun. 02, 2020
Business Acquisition [Line Items]
Amount allocated to goodwill			$ 8,800				$ 8,800
Business acquisition, pro forma revenue			217,992		$ 225,411		673,710	$ 638,691
Net income			1,500				1,900
Stock issued during period, shares, acquisitions					2,237,000	[1]		2,237,000	[2]
Amount allocated to goodwill			46,200				46,200
Sahara Petroleum Services Company [Member]
Business Acquisition [Line Items]
Business acquisition, pro forma revenue					$ 218,423			$ 639,667
Business acquisitions proforma revenues			15,000				46,300
Business acquisition proforma net income loss			2,000				$ 9,600
SAPESCO Business Combination [Member]
Business Acquisition [Line Items]
Business acquisition, equity interest issued or issuable, number of shares							2,237,000
Business combination cash and cash equivalents.			11,000				$ 11,000
Deferred consideration			6,000				6,000
Action Revenue [Member]
Business Acquisition [Line Items]
Business acquisition, pro forma revenue			9,100				13,500
Action Sale and Purchase Agreement [Member]
Business Acquisition [Line Items]
All-cash transaction	$ 36,800
Business combination, deferred consideration	17,200
Cash and cash equivalents	36,800
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	$ 6,600
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			2,237,000
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
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
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 217,992	$ 218,423	$ 665,345	$ 620,971
Production Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	138,060	148,292	427,497	420,516
Drilling and Evaluation Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 79,932	$ 70,131	$ 237,848	$ 200,455

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Trade receivables	$ 99,662		$ 118,557
Less: allowance for doubtful accounts	(1,439)	$ (1,655)	(1,722)	$ (1,995)	$ (2,365)	$ (1,843)
Total	$ 98,223		$ 116,835

SCHEDULE OF ALLOWANCE FOR DOUBT

SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Allowance for doubtful accounts at end of period	$ (1,439)	$ (1,995)	$ (1,439)	$ (1,995)	$ (1,655)	$ (1,722)	$ (2,365)	$ (1,843)
(Increase) decrease to allowance for the period	216	233	(70)	259
(Recovery) write-off of doubtful accounts		182	$ 353	343
Non-cash reclass of allowance for doubtful accounts from unbilled revenue to accounts receivable		$ (45)		$ (754)

ACCOUNTS RECEIVABLE (Details Na

ACCOUNTS RECEIVABLE (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Contractual amounts of trade receivables gross	$ 99,662	$ 118,557

SCHEDULE OF SERVICE INVENTORIES

SCHEDULE OF SERVICE INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Long-term Purchase Commitment [Line Items]
Service inventories, gross	$ 100,757	$ 94,263
Spare Parts [Member]
Long-term Purchase Commitment [Line Items]
Service inventories, gross	61,314	54,709
Chemicals [Member]
Long-term Purchase Commitment [Line Items]
Service inventories, gross	24,380	24,422
Consumables [Member]
Long-term Purchase Commitment [Line Items]
Service inventories, gross	$ 15,063	$ 15,132

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (261,500)	$ (193,261)
Land	5,104	5,104
Capital work in progress	9,792	10,224
Total	466,732	437,743
Buildings And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 40,594	31,827
Buildings And Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Buildings And Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years
Drilling Rigs, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 622,302	534,964
Drilling Rigs, Plant and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Drilling Rigs, Plant and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Property, plant and equipment gross	$ 2,515	2,282
Office Equipment and Tools [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 40,339	39,174
Office Equipment and Tools [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Office Equipment and Tools [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Vehicles and Cranes [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 7,586	$ 7,429
Vehicles and Cranes [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Vehicles and Cranes [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	8 years

PROPERTY, PLANT & EQUIPMENT (De

PROPERTY, PLANT & EQUIPMENT (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 29.3	$ 28	$ 83.1	$ 79.8

SCHEDULE OF CHANGES IN CARRYING

SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Indefinite-lived Intangible Assets [Line Items]
Balance as of December 31, 2020	$ 620,921
Action Business Combination	8,754
Balance as of September 30, 2021	629,675
Production Services [Member]
Indefinite-lived Intangible Assets [Line Items]
Balance as of December 31, 2020	443,457
Action Business Combination	5,118
Balance as of September 30, 2021	448,575
Drilling and Evaluation Services [Member]
Indefinite-lived Intangible Assets [Line Items]
Balance as of December 31, 2020	177,464
Action Business Combination	3,636
Balance as of September 30, 2021	$ 181,100

SCHEDULE OF WEIGHTED AVERAGE AM

SCHEDULE OF WEIGHTED AVERAGE AMORTIZATION PERIOD FOR INTANGIBLE ASSETS (Details)	9 Months Ended
	Sep. 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 24 days

SCHEDULE OF INTANGIBLE ASSETS S

SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 179,440	$ 150,340
Finite-lived intangible assets, accumulated amortization	(53,117)	(39,964)
Finite-lived intangible assets, net	126,323	110,376
Customer Contracts And Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	153,500	124,400
Finite-lived intangible assets, accumulated amortization	(42,383)	(31,685)
Finite-lived intangible assets, net	111,117	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	(10,734)	(8,279)
Finite-lived intangible assets, net	$ 15,206	$ 17,661

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) $ in Millions	Sep. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense, 2021	$ 4.7
Amortization expense, 2022	18.7
Amortization expense, 2023	18.6
Amortization expense, 2024	18.6
Amortization expense, 2025	$ 18.6

SCHEDULE OF LONG TERM DEBT OBLI

SCHEDULE OF LONG TERM DEBT OBLIGATIONS (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Less: unamortized debt issuance costs			$ (3,181)	$ (3,886)
Total loans and borrowings			330,569	356,114
Less: current installments of long-term debt	[1]			(47,500)
Long-term debt, net of unamortized debt issuance costs and excluding current installments			330,569	308,614
Subsequent Event [Member] | Term Loan [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount		$ 430,000
Subsequent Event [Member] | Term Loan [Member] | Secured Facilities Agreement [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount		860,000
CIB Long Term Debt [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross			10,000	10,000
Debt Instrument, Face Amount			21,000
Secured Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross			258,750	285,000
Secured Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Gross			$ 65,000	$ 65,000
Working Capital Facility [Member] | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Liine of credit		350,000
Revolving Credit Facility [Member] | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Liine of credit		$ 80,000
[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

SCHEDULE OF SHORT TERM DEBT OBL

SCHEDULE OF SHORT TERM DEBT OBLIGATIONS (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Other short-term borrowings from working capital facilities	$ 59,597	$ 37,983
Short-term debt, excluding current installments of long-term debt	96,468	42,360
CIB Short-Term Debt [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	871	2,125
ABK Short-Term Debt [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable		2,252
HSBC Loan Line [Member]
Short-term Debt [Line Items]
Short-term Bank Loans and Notes Payable	$ 36,000

SCHEDULE PRINCIPAL PAYMENTS OF

SCHEDULE PRINCIPAL PAYMENTS OF LONG TERM DEBT (Details) $ in Thousands	Sep. 30, 2021USD ($)
Debt Disclosure [Abstract]
2021	$ 21,250
2022	45,000
2023	110,000
2024	45,000
2025	112,500
Thereafter
Total	$ 333,750

DEBT (Details Narrative)

DEBT (Details Narrative) $ in Thousands, £ in Millions	Aug. 09, 2021USD ($)	May 03, 2021USD ($)	Jun. 20, 2019USD ($)	Aug. 09, 2011USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2021GBP (£)	Jun. 30, 2021USD ($)	May 23, 2019USD ($)	May 05, 2019USD ($)
Debt Instrument [Line Items]
Working capital facility						$ 169,000	$ 151,300
Line of Credit Facility, Interest Rate During Period						2.60%	2.60%
Short-term Debt						$ 96,468	$ 42,360
CIB Long Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount						$ 21,000
Short-term Debt, Description						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 during the third quarter of 2021 but subsequently renegotiated to be repaid in the fourth quarter of 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.
Repayments of debt					$ 11,000
Remaining debt obligation amount						$ 10,000
Debt Instrument, Interest Rate, Stated Percentage							230.00%
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.
ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Utilized working capital facility							$ 0
Short-term Debt, Description						The ABK Short-Term Debt accrues interest at 1.65% per annum over The Central Bank of Egypt’s Corridor Offer Rate. As of September 30, 2021, and December 31, 2020, this resulted in an interest rate of 11% and 11%, respectively. As of September 30, 2021, the Company had utilized $0.0 (zero) million of the ABK Short-Term Debt facility and $0.1 million in letters of guarantee with $3.0 million and $
Debt Instrument, Interest Rate, Stated Percentage						11.00%	11.00%	11.00%
HSBC Loan Line [Member]
Debt Instrument [Line Items]
Debt Instrument, maturity date		Dec. 4, 2021
Line of Credit Facility, Interest Rate During Period		3.10%				2.50%
Debt instrument, face amount	$ 36,000	$ 9,900
Repayments of debt	$ 9,900			$ 9,900
ALGERIA
Debt Instrument [Line Items]
Working capital facility						$ 3,000
Time Loan Facility [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity						600	$ 200
Utilized working capital facility						900	$ 1,300
Debt instrument, face amount						$ 1,500
Debt Instrument, Interest Rate, Stated Percentage						2.40%	2.30%	2.40%
Time Loan Facility [Member] | CIB Short-Term Debt [Member] | Egyptian [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity						$ 2,000	$ 0
Utilized working capital facility						$ 0	$ 2,000
Debt instrument, face amount | £								£ 2
Debt Instrument, Interest Rate, Stated Percentage						10.00%	10.00%	10.00%
Time Loan Facility [Member] | ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity							$ 3,000
Time Loan Overdraft Facility [Member] | CIB Short-Term Debt [Member] | Egyptian [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity						$ 10,000	200
Utilized working capital facility						0	9,800
Debt instrument, face amount | £								£ 10
One Bank [Member]
Debt Instrument [Line Items]
Working capital facility						600
Line of Credit Facility, Remaining Borrowing Capacity						$ 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%
London Interbank Offered Rate (LIBOR) [Member] | HSBC Loan Line [Member]
Debt Instrument [Line Items]
Percentage of debt accrued interest	2.40%	3.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period						2.40%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period						2.70%
Term Loan [Member]
Debt Instrument [Line Items]
Withdrawn term loan						$ 258,800	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
Revolving Credit Facility [Member] | Lenders [Member]
Debt Instrument [Line Items]
Working capital facility						169,000
Letters of Guarantee [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity						6,600	6,300
Debt instrument, face amount						7,900	8,300
Letters of Guarantee [Member] | ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity							100
Debt instrument, face amount							100		$ 200
Change in shares issued to NPS/GES							200
Short-term Debt							0
Letters of Guarantee [Member] | Time Loan Facility [Member] | CIB Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount						14,500
Time Loan Facility [Member] | ABK Short-Term Debt [Member]
Debt Instrument [Line Items]
Debt instrument, face amount						3,000
Change in shares issued to NPS/GES							2,300
Short-term Debt							800
Secured Facilities Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 525,000							$ 485,000	$ 450,000
Debt Instrument, Periodic Payment, Principal						492,800
Debt Instrument, Periodic Payment						$ 258,800
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						6,700	6,200
Utilized working capital facility						18,100	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						$ 8,800	21,900
Line of Credit Facility, Description						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						$ 160,200	129,400
Secured Facilities Agreement [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal						$ 492,800
Debt Instrument, maturity date						May 6, 2025
Secured Facilities Agreement [Member] | Successors [Member]
Debt Instrument [Line Items]
Reduced term loan amount							$ 501,300
Incremental Facilities Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 40,000							$ 35,000

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 ($)	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial Liabilities Fair Value Disclosure
Fair Value, Inputs, Level 1 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial Liabilities Fair Value Disclosure
Fair Value, Inputs, Level 2 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial Liabilities Fair Value Disclosure
Fair Value, Inputs, Level 3 [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial Liabilities Fair Value Disclosure

SCHEDULE OF FAIR VALUE OF DERIV

SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY USING BLACK SCHOLES VALUATION MODEL (Details) Pure in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of common stock derivative liability	$ 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 term	0 years	0 years

SCHEDULE OF FAIR VALUE OF WARRA

SCHEDULE OF FAIR VALUE OF WARRANT LIABILITY (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Warrants and Rights Outstanding	$ 0	$ 0	$ 0	$ (930)
Fair Value Adjustment of Warrants	0	0	0	930,000
Warrants and Rights Outstanding	$ 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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Retirement Benefits [Abstract]
Service cost	$ 1,640	$ 855	$ 3,706	$ 2,755
Interest cost	410	214	927	689
Other
Net cost	$ 2,050	$ 1,069	$ 4,633	$ 3,444

EMPLOYEE BENEFITS (Details Narr

EMPLOYEE BENEFITS (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accumulated benefit obligation	$ 0.6	$ 2	$ 0.1	$ 0.1
Defined Contribution Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0.9	$ 0.8	$ 2.8	$ 2.4

SCHEDULE OF UNVESTED RESTRICTED

SCHEDULE OF UNVESTED RESTRICTED STOCK (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Unvested, Beginning Balance	2,357,225	2,244,662	2,038,662	1,502,590
Weighted Average Grant Date Fair Value per Share, Unvested, Beginning Balance	$ 9.43	$ 7.72	$ 7.38	$ 10.25
Number of Restricted Shares, Granted	191,250	39,000	1,284,335	1,119,905
Weighted Average Grant Date Fair Value per Share, Granted	$ 11.5	$ 8.46	$ 11.89	$ 5.16
Number of Restricted Shares, Vested and Issued	(242,017)	(282,332)	(935,032)	(590,264)
Weighted Average Grant Date Fair Value per Share, Vested and issued	$ 9.92	$ 9.98	$ 8.04	$ 10.18
Number of Restricted Shares, Forfeited	(64,172)	(12,001)	(145,679)	(43,002)
Weighted Average Grant Date Fair Value per Share, Forfeited	$ 9.75	$ 8.60	$ 9.25	$ 9.74
Number of Restricted Shares, Unvested, Ending Balance	2,242,286	1,989,329	2,242,286	1,989,329
Weighted Average Grant Date Fair Value per Share, Unvested, Ending Balance	$ 9.47	$ 7.41	$ 9.47	$ 7.41

SCHEDULE OF STOCK-BASED COMPENS

SCHEDULE OF STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 2,753	$ 2,079	$ 7,353	$ 5,841
Cost of Services [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	1,316	938	3,494	2,604
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 1,437	$ 1,141	$ 3,859	$ 3,237

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - 2018 Long Term Incentive Plan [Member] - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 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	$ 16.3	$ 11.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	2 years 1 month 6 days	1 year 9 months 18 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	Sep. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments 2021	$ 13,072	$ 22,500
Future Interest Payments 2021	810	1,524
Total Payments 2021	13,882	24,024
Future Minimum Lease Payments 2022	12,154	3,236
Future Interest Payments 2022	915	453
Total Payments 2022	13,069	3,689
Future Minimum Lease Payments 2023	15,383	1,810
Future Interest Payments 2023	255	174
Total Payments 2023	15,638	1,984
Future Minimum Lease Payments 2024	440	438
Future Interest Payments 2024	21	21
Total Payments 2024	461	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	41,049	27,984
Future Interest Payments Total	2,001	2,172
Total	$ 43,050	$ 30,156

SCHEDULE OF FUTURE MINIMUM LE_2

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
2021	$ 1,346	$ 21,665
2022	2,988	2,814
2023	2,072	1,998
2024	1,413	2,003
2025	632	1,355
Thereafter	3,468	3,413
Total	$ 11,919	$ 33,248

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Loss Contingencies [Line Items]
Capital Expenditures Incurred but Not yet Paid			$ 41,500		$ 16,100
Capital lease expired date			expire between 2021 and 2024.
Finance Lease, Liability	$ 43,050		$ 43,050		$ 30,156
Long term capital lease obligation		$ 3,800		$ 3,800
Interest Expense	3,717	3,793	$ 10,114	12,468
Line of Credit Facility, Interest Rate During Period			2.60%		2.60%
Payments for Rent	34,900	34,900	$ 115,200	103,800
Due to Related Parties	12,300		12,300		$ 15,200
Letters of Credit Outstanding, Amount	22,900		22,900		16,900
Surety bonds and other bank issued guarantees	107,200		107,200		101,500
Cash margin guarantees	4,200		4,200		3,400
Other Liabilities	2,000	18,400	2,000	18,400	4,000
Accounts Payable [Member]
Loss Contingencies [Line Items]
Due to Related Parties	12,300		$ 12,300		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.
Finance Lease, Liability	9,500		$ 9,500		25,500
Short term capital lease obligation	7,500		7,500		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	400	$ 400	1,200
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]
Finance Lease, Liability	$ 2,500		$ 2,500		3,000
Short term capital lease obligation	800		800		700
Long term capital lease obligation	1,700		1,700		2,300
Expire Between 2021 and 2024 [Member] | Second Capital Lease [Member]
Loss Contingencies [Line Items]
Interest Expense	200	200	$ 400	200
Expire in 2023 [Member]
Loss Contingencies [Line Items]
Capital lease expired date			expires in 2023
Finance Lease, Liability	29,000		$ 29,000		0
Short term capital lease obligation	13,200		13,200		0
Long term capital lease obligation	15,800		$ 15,800		$ 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	$ 300	$ 0

EQUITY AND WARRANTS (Details Na

EQUITY AND WARRANTS (Details Narrative) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Shares, Outstanding	91,361,235	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	Sep. 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			9 Months Ended				12 Months Ended
		Sep. 30, 2021	Sep. 30, 2020		Sep. 30, 2021		Sep. 30, 2020		Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares, Issued, Beginning Balance		91,126,486
Change in shares restricted stock vesting		242,017			87,905
Weighted average ordinary shares outstanding, Restricted stock vesting		123,639	144,235		70,517		220,273
Shares, Issued, Ending Balance		91,250,125			91,250,125
[custom:OrdinarySharesIssued-1]					87,777,553
Change In Shares	[1]				2,237,000
Weighted average ordinary shares outstanding	[1]				2,237,000
Change in shares additional earn out shares	[2]				145,039
Weighted average ordinary shares outstanding additional earnout shares	[2]				145,039
Change in shares restricted stock vesting one					316,781
Weighted average ordinary shares outstanding restricted stock vesting					229,753		48,429
Change in shares restricted stock vesting two					288,329
Weighted average ordinary shares outstanding restricted stock vesting					207,005
Change in shares contingently issuable shares contingency resolved	[3]				157,702
Weighted average ordinary shares outstanding contingently issuable shares	[3]				157,702
Change in shares contingently issuable shares contingency resolved, one	[3]				113,215
Weighted average ordinary shares outstanding contingently issuable shares one	[3]				75,891,000
Change in shares contingently issuable share contingency resolved	[3]				2,962
Weighted average ordinary shares outstanding contingently issuable share	[3]				1,237
Change in shares restricted stock vesting four					242,017
Weighted average ordinary shares outstanding restricted stock vesting four					41,666
[custom:OrdinarySharesIssued-2]		90,943,363			90,943,363				87,777,553
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic		$ 1,931	$ 11,554		$ 21,224		$ 33,795
Add-back : Ordinary shares, As reported - basic		91,250,125	89,876,456,000		90,943,364		88,452,027,000
Earnings Per Share, Basic		$ 0.02	$ 0.13		$ 0.23		$ 0.38
Undistributed distributed earnings to common shareholders restricted stock units
Common shares restricted stock units		891,775			976,002
Undistributed distributed earnings to common shareholders antidilution sequencing		$ 1,931			$ 21,224
Common shares antidilution sequencing		92,141,900			91,919,366
Earnings per share basic antidilution sequencing		$ 0.02			$ 0.23
Undistributed distributed earnings to common shareholders decrease increase in fair value of warrants
Common shares private warrants
Common shares public warrants		974,586			1,369,132
Undistributed distributed earnings to common shareholders antidilution sequencing amounts		$ 1,931			$ 21,224
Common shares antidilution sequencing, shares		93,116,486			93,288,498
Earnings per shares basic antidilution sequencing		$ 0.02			$ 0.23
Undistributed distributed earnings to common shareholders diluted common shares		$ 1,931			$ 21,224
Weighted Average Number of Shares Outstanding, Diluted		93,116,486	89,876,456		93,288,498		88,452,027
Earnings Per Share, Diluted		$ 0.02	$ 0.13		$ 0.23		$ 0.38
Common Stock, Shares, Issued			87,495,221		87,777,553		87,187,289		87,187,289
Stock Issued During Period, Shares, Acquisitions			2,237,000	[4]			2,237,000	[5]
Weighted average ordinary shares outstanding shares to be issued in sapesco transaction			2,237,000	[4]	996,036	[5]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			282,332				307,932
Common stock shares issued during period			89,876,456				89,876,456
Stock issued during period shares restricted stock award gross one							282,332
Common Stock, Shares, Issued		91,361,235	88,452,027		91,361,235		88,452,027		87,777,553
Weighted Average Number of Shares Outstanding, Basic		91,250,125	89,876,456		90,943,363		88,452,027
Allocation of Participating Earnings [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Weighted Average Number of Shares Outstanding, Basic			89,876,456				88,452,027
Non-vested, participating restricted shares			869,424				869,424
Shares for use in allocation of participating earnings			90,745,880				89,321,451
[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 145,039
[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
[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 2,237,000
[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

SCHEDULE OF RECONCILIATION OF_2

SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED COMMON SHARES OUTSTANDING (Details) (Parenthetical) - shares	3 Months Ended			9 Months Ended
	Mar. 31, 2021	Sep. 30, 2020		Sep. 30, 2021	Sep. 30, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock Issued During Period, Shares, New Issues
Stock Issued During Period, Shares, Acquisitions		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, New Issues	2,237,000			270,917
Stock Issued During Period, Shares, Acquisitions	145,039	2,237,000			2,237,000
Sale and Purchase Agreement [Member] | Additional Earn Out Shares [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock Issued During Period, Shares, New Issues				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		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 1,931	$ 11,666	$ 21,224	$ 34,127
Dividends, Common Stock, Cash
Dividend, Non-vested participating shares
Undistributed Earnings, Basic			11,666		34,127
Undistributed Earnings (Loss) Available to Common Shareholders, Basic			11,554		33,795
Allocation of Undistributed Earnings to Nonvested Shares			$ 112		$ 332
Earnings Per Share, Basic, Distributed
Earnings Per Share, Basic, Undistributed			0.13		0.38
Earnings Per Share, Basic		$ 0.02	$ 0.13	$ 0.23	$ 0.38
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic		$ 1,931	$ 11,554	$ 21,224	$ 33,795
Add-back : Ordinary shares, As reported - basic		91,250,125	89,876,456,000	90,943,364	88,452,027,000
Undistributed earnings allocated to nonvested shareholders			$ 112		$ 332
Ordinary shares, undistributed earnings allocated to nonvested shareholders
Undistributed & distributed earnings to ordinary shareholders, private warrants	[1]		$ 0		$ 0
Ordinary shares, private warrants	[1]		0		0
Undistributed & distributed earnings to ordinary shareholders, public warrants	[1]
Ordinary shares public warrants.	[1]
Less : Undistributed & distributed earnings to ordinary shareholders, Undistributed earnings reallocated to non-vested shareholders			$ (112)		$ (332)
Ordinary shares, Undistributed earnings reallocated to nonvested shareholders
Diluted EPS - Ordinary shares			$ 11,554		$ 33,795
Weighted Average Number of Shares Outstanding, Diluted		93,116,486	89,876,456	93,288,498	88,452,027
Earnings Per Share, Diluted		$ 0.02	$ 0.13	$ 0.23	$ 0.38
[1]	Non-participating warrants that could be converted into as many as 17,770,190 1,119,905

SCHEDULE OF BASIC AND DILUTED_2

SCHEDULE OF BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details) (Parenthetical)	9 Months Ended
	Sep. 30, 2020shares
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,119,905
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Number of restricted shares excluded from common shares		282,332		307,932
Warrant [Member]
Number of ordinary shares converted	16,795,604		16,401,058
Number of restricted shares excluded from common shares	1,340,984		1,227,646

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective Income Tax Rate Reconciliation, Percent	38.00%	23.00%	20.00%	21.00%
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Payments for Rent	$ 34,900	$ 34,900	$ 115,200	$ 103,800
Services charges	30	40	50	80
Liabilities	777,554		777,554		$ 742,636
Prime Business Solutions LLC [Member]
Related Party Transaction [Line Items]
Maintenance fees payables.	700		700		300
Nine Energy Service, Inc. [Member] | Coiled Tubing Equipment [Member]
Related Party Transaction [Line Items]
Payments to Acquire Property, Plant, and Equipment	300	100	1,100	1,500
Nine Energy Service, Inc. [Member] | Coiled Tubing Equipment Products And Services [Member]
Related Party Transaction [Line Items]
Liabilities	1,500		1,500		3,700
Basin Holdings U S L L C [Member]
Related Party Transaction [Line Items]
Payments to Acquire Property, Plant, and Equipment	300	1,100	600	1,600
Liabilities	200		200		0
Mubbadrah Group Entities [Member]
Related Party Transaction [Line Items]
Payments for Rent	60	60	200	200
Accounts Payable, Related Parties	300		300		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	$ 100	$ 400	$ 900

SCHEDULE OF SEGMENT REPORTING,

SCHEDULE OF SEGMENT REPORTING, INFORMATION ON REVENUES AND LONG-LIVED ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 217,992	$ 218,423	$ 665,345	$ 620,971
Long-Lived Assets	466,732		466,732		$ 437,743
Operating Income (Loss)	8,102	18,987	38,181	55,360
Production Services [Member]
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	138,060	148,292	427,497	420,516
Long-Lived Assets	322,325		322,325		303,625
Operating Income (Loss)	10,625	21,425	42,822	62,970
Drilling and Evaluation Services [Member]
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	79,932	70,131	237,848	200,455
Long-Lived Assets	125,635		125,635		124,062
Operating Income (Loss)	7,084	7,377	25,355	23,579
Total Reportable Segments [Member]
Revenue from External Customer [Line Items]
Long-Lived Assets	447,960		447,960		427,687
Operating Income (Loss)	17,709	28,802	68,177	86,549
Unallocated Assets [Member]
Revenue from External Customer [Line Items]
Long-Lived Assets	18,772		18,772		$ 10,056
Unallocated Expenses [Member]
Revenue from External Customer [Line Items]
Operating Income (Loss)	$ (9,607)	$ (9,815)	$ (29,996)	$ (31,189)

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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 217,992	$ 218,423	$ 665,345	$ 620,971
Long-Lived Assets	466,732		466,732		$ 437,743
MENA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	215,557	215,762	657,890	612,560
Long-Lived Assets	458,447		458,447		429,283
Rest of World [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,435	$ 2,661	7,455	$ 8,411
Long-Lived Assets	8,285		8,285		8,460
Domestic British Virgin Islands [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets

REPORTABLE SEGMENTS (Details Na

REPORTABLE SEGMENTS (Details Narrative)	9 Months Ended
	Sep. 30, 2021Segments
Segment Reporting [Abstract]
Number of Reportable Segments	2

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ in Millions	Nov. 01, 2021	Dec. 31, 2021	Sep. 30, 2021
Secured Facilities Agreement [Member]
Subsequent Event [Line Items]
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.
Subsequent Event [Member]
Subsequent Event [Line Items]
Debt Instrument, Description		No payments are due on the term loan until the first quarter of 2023
Subsequent Event [Member] | Working Capital Facility [Member]
Subsequent Event [Line Items]
Long-term Line of Credit		$ 350
Subsequent Event [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Long-term Line of Credit		80
Subsequent Event [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Debt instrument face amount		430
Subsequent Event [Member] | Term Loan [Member] | Secured Facilities Agreement [Member]
Subsequent Event [Line Items]
Debt instrument face amount		$ 860
Debt Instrument, Covenant Description	Borrowings under the term and revolving facilities will incur interest at the rate of three-month LIBOR plus 2.6% to 3.0% per annum, varying based on the Company’s Net Debt / EBITDA ratio. Covenants will include 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.