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ADNOC L&S, the shipping and maritime logistics arm of ADNOC, has entered into a deal to acquire Zakher Marine International.

ADNOC Logistics & Services (ADNOC L&S) has announced the acquisition of Abu Dhabi-based Zakher Marine International (ZMI).

The contracts comprise $1.3 billion (Dhs4.89 billion) for integrated drilling services and fluids and $711 million (Dhs2.6 billion) for providing four Island Drilling Units.

The contracts are valued at $1.3bn for Integrated Drilling Services and $700m for the provision of four island drilling units.

The acquisition strengthens ADNOC L&S’ position as region’s largest shipping and integrated logistics company, with a fleet of more than 300 vessels.

RIYADH: ADNOC Logistics & Services, a unit of Abu Dhabi National Oil Co., has acquired offshore support vessel operator Zakher Marine International amid efforts to bolster its oil and natural gas operations. Once the deal is completed, ADNOC L&S’s fleet size will surpass 300 units, it said in a statement on Tuesday.

Under the deal Unique will have the scrubbers designed, manufactured and installed within the next six months.

ADNOC Logistics & Services announced the acquisition of Zakher Marine International, an Abu Dhabi-based owner and operator of offshore support vessels

The United Arab Emirates’ main energy company has bought privately-owned ZMI Holdings as it looks to bolster its offshore oil, natural gas and wind