ADNOC Logistics & Services (ADNOC L&S) has signed a $2.6 billion contract with ADNOC Offshore to provide integrated logistics services for its new Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that is expected to coordinate end-to-end management of logistics and maritime operations at its base in Mussafah, Abu Dhabi.
The agreement with ADNOC Offshore runs for five years, with the option of a five-year extension, and includes the provision of port services, warehouse operations, heavy lifting, material handling and shipping, rig and barge moves, marine terminal operations and waste management services.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “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. The ILSP is a unique offering that centralizes all logistics requirements for our customers through a single interface, optimizing efficiencies and reducing logistics costs.”
ADNOC L&S created the ILSP as part of its ongoing commitment to support the continued growth of the region’s energy sector. By managing all logistics requirements through one system, ILSP can reduce project logistics costs, with customers being invoiced in a unique, cost-per-ton format, moving away from the standard asset lease model.
