REPORTABLE SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

Revenue from operations


		For the three-month period ended								For the nine-month period ended
		September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
Reportable Segment:
Production Services		$	174,443			$	230,521			$	567,591			$	644,620
Drilling and Evaluation Services			120,872				105,684				358,194				313,402
Total external revenue		$	295,315			$	336,205			$	925,785			$	958,022

Long-lived assets


		As of
		September 30, 2025				December 31, 2024
Reportable Segment:
Production Services		$	217,965			$	220,453
Drilling and Evaluation Services			166,802				162,295
Total Reportable Segments			384,767				382,748
Unallocated assets			52,467				55,398
Total long-lived assets		$	437,234			$	438,146

Unallocated assets mainly comprise of buildings and leasehold improvements in the countries which supports both the segments in the normal course of business.

Total segment operating income


		For the three-month period ended								For the nine-month period ended
		September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
Reportable Segment:
Production Services		$	15,578			$	39,774			$	58,303			$	104,205
Drilling and Evaluation Services			16,267				14,251				53,128				45,870
Total Reportable Segments			31,845				54,025				111,431				150,075
Unallocated expenses			(12,239	)			(18,577	)			(43,793	)			(55,953	)
Total operating income			19,606				35,448				67,638				94,122
Interest expense, net			(8,128	)			(9,933	)			(24,974	)			(29,976	)
Other income, net			759				394				2,758				1,199
Income before income tax		$	12,237			$	25,909			$	45,422			$	65,345

SCHEDULE OF SEGMENT EXPENSES

Significant segment expenses, which represent the difference between segment revenue and pretax segment income, consist of the following:

SCHEDULE OF SEGMENT EXPENSES


		For the three-month period ended								For the nine-month period ended
		September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
Production Services:
Compensation		$	44,792			$	47,862			$	138,864			$	140,519
Cost of products, materials, and supplies			48,861				72,458				167,327				195,734
Transport and rental			27,430				29,488				85,079				85,845
Depreciation and amortization			18,382				19,178				58,430				56,928
Other			19,400				21,761				59,588				61,389
Total		$	158,865			$	190,747			$	509,288			$	540,415


		For the three-month period ended								For the nine-month period ended
		September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
Drilling and Evaluation Services
Compensation		$	37,943			$	33,428			$	110,448			$	99,880
Cost of products, materials, and supplies			16,722				17,710				52,088				52,950
Transport and rental			24,155				17,889				69,471				48,905
Depreciation and amortization			11,779				10,599				34,830				31,829
Other			14,006				11,807				38,229				33,968
Total		$	104,605			$	91,433			$	305,066			$	267,532

SCHEDULE OF SEGMENT INFORMATION BY GEOGRAPHIC AREA


		For the three-month period ended								For the nine-month period ended
		September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
Geographic Area:
Domestic (British Virgin Islands)		$	-			$	-			$	-			$	-
MENA			293,644				333,803				919,801				949,884
Rest of World			1,671				2,402				5,984				8,138
Total revenue		$	295,315			$	336,205			$	925,785			$	958,022

Long-lived assets by geographic area


		As of
		September 30, 2025				December 31, 2024
Geographic area:
Domestic (British Virgin Islands)		$	-			$	-
MENA			428,509				428,353
Rest of World			8,725				9,793
Total long-lived assets		$	437,234			$	438,146