Adnoc L&S snaps up Zakher Marine International

Adnoc L&S snaps up Zakher Marine International

Adnoc Logistics & Services is buying Zakher Marine International (ZMI), an Abu Dhabi-based owner operator of offshore support vessels (OSVs).

The companies have not revealed the financial terms of the agreement. Once the deal has completed, Adnoc L&S will have another 24 jack-up barges and 38 OSVs. As such, its fleet size will pass the 300 vessel mark.

ZMI will continue as a standalone unit. The company’s executive chairman, Ali Hassan El Ali, will continue as CEO.