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.
The ADNOC unit added that the transaction will “extend its regional footprint, creating new opportunities for expansion with an industry-recognized partner.”
The acquisition of ZMI will also broaden its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China.
Abu Dhabi-based ZMI, which is one of the largest owners of jack-up barges in the Gulf Cooperation Council region, will continue to operate as a standalone entity under the parent company.
