ADNOC L&S jack-up barges fleet grows to 39 with new purchases. Eight additional JUBs, purchased through its subsidiary Zakher Marine International, make it one of the largest offshore fleets in the GCC region.
ADNOC Logistics and Services has expanded its fleet by 25 percent to 39 after taking delivery of eight self-propelled jack-up barges (JUBs).
ADNOC L&S jack-up barges fleet grows to 39 with new purchases
The new purchases, made through its subsidiary Zakher Marine International (ZMI) Holdings, reinforce ADNOC L&S’ status as the owner and operator of one of the largest fleets of JUBs in the GCC region and come at a time when JUB charter rates are robust due to high demand for offshore services.
The recent addition to the fleet includes two new-builds and four second-hand ones, in addition to the chartering of two new-build JUBs. These multi-functional barges are designed to provide a range of well services, such as operations, maintenance and accommodation at offshore fields.
One of the barges will serve the Iraqi market, marking ADNOC L&S’ entry into a new market and supporting the company’s regional expansion.
ADNOC L&S commits to expansion
CEO Captain Abdulkareem Al Masabi 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.”
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