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    Adnoc Logistics & Services acquires Zakher Marine

Summary

Zakher Marine International has the world’s largest fleet of self-propelled jack-up barges.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Middle East, Security of Supply, Corporate, Mergers & Acquisitions, News By Country, United Arab Emirates

Adnoc Logistics & Services acquires Zakher Marine

Adnoc Logistics & Services (Adnoc L&S), a unit of state-owned Adnoc, has acquired Zakher Marine International (ZMI), which has the world’s largest fleet of self-propelled jack-up barges, Adnoc said on July 26 without disclosing the financial details. 

Upon completion of the transaction, which is subject to customary regulatory approvals, Adnoc L&S will add 24 jack-up barges and 38 offshore support vessels from Abu Dhabi-based ZMI, growing its total fleet size to over 300 units.

“With the acquisition of ZMI, Adnoc L&S will broaden its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China, and extend its regional footprint, creating new opportunities for expansion with an industry-recognised partner,” Adnoc said.

ZMI will continue operating as a standalone entity under Adnoc L&S, led by Ali Hassan El Ali as CEO.