ADNOC Logistics and Services (ADNOC L&S) has  received eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings, WAM reported .

After this transaction, the number of JUBs owned and operated by ADNOC L&S has increased by 25% from 31 to 39

This expansion boosts the Company’s status as the owner and operator of one of the largest fleets of JUBs in the GCC region. 

These JUBs include the purchase of two newbuild and four second-hand ones, in addition to chartering two newbuild JUBs. One of the barges will serve the Iraqi market which is a new market forADNOC L&S to enter,  supporting its regional expansion.

These multi-functional JUBs are designed to provide a range of well services, such as operations, maintenance and accommodation at offshore fields.

 Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “The addition of these self-propelled jack-up barges to our growing integrated logistics and shipping fleet aligns with our ambitious, smart growth strategy, enabling us to provide a broader range of services to our customers and unlock new and sustainable value for ADNOC L&S as we venture into new markets. ADNOC L&S is committed to exploring new opportunities for expansion to continue driving value for our shareholders and strengthen our position as the region’s largest integrated logistics provider.”

For his part, Ali El Ali, CEO of ZMI Holdings, said, “A UAE-born business, ZMI Holdings is one of the largest players in the GCC region’s maritime logistics. Our extensive fleet of jack-up barges and offshore support vessels enables us to offer best-in-class maritime logistics services to the offshore production and wind sectors. With our established presence in Saudi Arabia, Qatar, and Iraq, we are strategically positioned to further expand our operations across Asia and explore new markets.”