ADNOC L&S adds eight jack-up barges
With the Middle East offshore oil and gas market humming, ADNOC Logistics & Services (ADNOC L&S) has added eight jack-up barges to its fleet, boosting its fleet to 39 units
The eight self-propelled vessels include two newbuilds, four secondhand vessels and two other newbuilds that have been chartered in. The jack-up barges were integrated into ADNOC L&S’s fleet through its subsidiary Zakher Marine International.
The fleet expansion makes ADNOC L&S one of the largest owners of jack-up barges (referred to in some quarters as liftboats) in the Gulf Cooperation Council region, which covers Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
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ADNOC L&S chief executive Abdulkareem Al Masabi said the fleet expansion would enable the company “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”.
The Abu Dhabi-listed maritime logistics provider said the expansion comes at a time when jack-up barge charter rates are “robust due to high demand for offshore services”. Jack-up barges are versatile shallow-draught vessels used to support offshore oil and gas and offshore wind.
One of the jack-up barges added to the fleet will be deployed to Iraq, a new market for ADNOC L&S.