Maritime Specialist Also Inks US$2.6 Billion Contract with ADNOC Offshore
ADNOC Logistics and Services in the UAE has unveiled a new integrated logistics services platform, or ILSP, one the world’s largest turnkey offshore logistics offerings, it said.
The platform will enable the firm, the maritime arm of Abu Dhabi National Oil Company, to carry out end-to-end management of logistics and maritime operations from its base in Mussafah, Abu Dhabi.
By overseeing all logistics requirements through one system, the ILSP will reduce costs, with customers being invoiced in a unique, cost-per-tonne format, moving away from the standard asset lease model, the company said.
As part of the launch, ADNOC L&S confirmed the signing of a US$2.6 billion, five-year contract with sister company ADNOC Offshore to provide integrated logistics services, including port services, warehouse operations, heavy-lift, material handling and shipping, rig and barge moves, marine terminal operations and waste management services.
More than 80 percent of the contract value will flow back into the UAE’s economy through ADNOC’s in-country value programme, an initiative launched in late-2020 aimed at spurring opportunities for local suppliers and expanding the private sector’s role in developing the local economy.
“We are very pleased to extend our decades’ long collaboration with ADNOC Offshore as we unveil our ILSP and continue to revolutionize offshore oil and gas logistics,” said CEO Captain Abdulkareem Al Masabi.
“The ILSP is a unique offering that centralizes all logistics requirements for our customers through a single interface, optimizing efficiencies and reducing logistics costs. As we deliver on our ambitious growth strategy, we continue to unlock greater value both for our customers and ADNOC L&S, and reinforce ADNOC L&S’ position as the region’s largest shipping and integrated logistics company and global maritime energy logistics leader.”
ADNOC Logistics and Services manages a fleet of more than 600 vessels annually and a logistics base of 1.5 million square metres that serves customers both within ADNOC Group and internationally. In addition to shipping, the company also specializes in marine services including petroleum port operations, diving services and oil spill response, and offshore and onshore services.
Parent company ADNOC is wholly owned by the Emirate of Abu Dhabi.
ADNOC L&S will be exhibiting at Breakbulk Middle East 2024, taking place on 12-13 February at the Dubai World Trade Centre, UAE.
