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Varel Energy Solutions

Downhole drilling bits and cementing equipment

Billing and Administration Coordinator

Full-TimeUpdated on 10/15/2026
No salary listed
Mid
Bachelor's
Saudi Arabia
In Person
Administrative & Executive AssistanceAdministrative Support

About the job

Requirements
  • Prioritize and complete multiple projects on schedule and within specified timelines.
  • Analyze issues, identify root causes, and recommend solutions across organizational and geographic complexities.
  • Facilitate interactions and resolve issues among individuals from diverse cultures and disciplines.
  • Coordinate with and oversee outside providers.
  • Demonstrate effective interpersonal, communication, and organizational skills.
  • Demonstrate sound, practical, and objective problem-solving skills.
  • Exercise integrity and discretion when handling confidential information.
  • Demonstrate proficiency in Excel and department financial software.
  • Read, write, and communicate accurately, clearly, and concisely in English and Arabic.
  • Understand Saudi invoicing and tax regulations.
  • Have 2–3 years of experience as an Administrator or Coordinator.
Responsibilities
  • Coordinate the Aramco SAP system, including the Drilling Rig Supply System (DRSS), ensuring requests are sent to the sales team in a timely and efficient manner; coordinate with the logistics team and manage renewal of the Aramco Portal.
  • Assist the accounts department by coordinating documents and invoices so receivables are updated weekly.
  • Coordinate internal and external logistics documentation to ensure shipments are delivered on schedule.
  • Manage visa and Iqama renewals for the KSA employee base and maintain accurate records of medical coverage, annual travel, vacation, and company vehicle assignments.
  • Perform other duties and participate in special projects as assigned.

About the company

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Varel Energy Solutions

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Varel Energy Solutions designs, manufactures, and supplies downhole drilling and completions products, including roller cone and fixed cutter drill bits and primary cementing equipment, for oil & gas, renewables, and industrial markets. Its products convert drilling energy into cutting action and enable cementing to secure wells, supporting reliable well construction. The company differentiates itself through proprietary design capabilities, efficient manufacturing, and a global sales network with facilities in the Americas, Asia, and the Middle East. Its goal is to be a leading independent supplier of downhole solutions, delivering dependable performance and strong customer service worldwide.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Houston, Texas

Founded

1947

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Simplify's Take

What believers are saying

  • Q1 2026 Middle East demand rebounded, with Saudi Arabia, UAE, and Kuwait momentum.
  • Management reported a $64 million global production order pipeline on March 31, 2026.
  • January 2025 Ace integration and December 2025 Sledgehammer acquisition expand cross-sell opportunities.

What critics are saying

  • Q1 2026 revenue fell to $33.6 million from $48.8 million, squeezing EBITDA.
  • Net debt reached $63.6 million in Q1 2026, limiting downturn flexibility.
  • Oilfield tooling demand concentration makes a 2026 Middle East slowdown existential for growth.

What makes Varel Energy Solutions unique

  • January 2025 Ace Well Technology acquisition deepens VES completions and smart-completions offerings.
  • December 2025 Sledgehammer Oil Tools acquisition broadens casing, cementing, and completion equipment breadth.
  • Q1 2026 V2 Aqueous HPHT Dominus Valve launch adds API 19AC V0 gas-tight capability.

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Company News

Alrai Media Group Co.
Apr 26th, 2026
20.8 million dinars for importing rock drill bits.

20.8 million dinars for importing rock drill bits. April 26, 2026 The Supreme Purchasing Committee of the Kuwait Petroleum Corporation and its subsidiaries approved direct contracting with Varel Europe to supply rock drill bits for the benefit of Kuwait Oil Company, with a maximum value of 20.87 million dinars for a period of 5 years with one optional extension year. The committee also approved the issuance of a set of tenders for the benefit of KOC, including a tender to provide specialized and support labor for operations in northern and western Kuwait, a tender for supplying expandable casing pipes with associated services, and a tender for supplying floating equipment for the marine Jurassic project. 7 minutes ago Learn more TV broadcast Legal advisory services

World Oil
Jan 7th, 2025
Varel Energy Solutions acquires Ace Well Technology, expands completions portfolio

Varel Energy Solutions (VES) has acquired Ace Well Technology (ACE), an international supplier of oilfield casing, cementing and completion products. The deal will expand VES' smart completions offerings supporting the offshore and premium market sectors. 

Digital Journal
May 2nd, 2023
Hydraulic Breaker Hammer Market Growth 2023 Along with Business Insights and Forecast to 2029  by Key Players | Indeco , Atlas Copco , Furukawa , Sandvik

Sandvik’s largest acquisition to date was in 2014, when it acquired Varel International Energy Services for $740M.

EUWID
Sep 20th, 2022
Varel expands facilities to Wilhelmshaven, Germany

German containerboard producer Varel is considering building a new mill to make ultra-lightweight recycled corrugated case material at an additional site in Wilhelmshaven, Germany.

Oil and Gas Press
Jul 5th, 2022
Varel acquired Sledgehammerasia on Jul 5th 22'.

Varel Energy Solutions (“VES”) today announced it has acquired Sledgehammer Oil Tools (“Sledgehammer”), an international leader in the supply of oilfield casing, cementing and completion products.