Adnoc’s logistics subsidiary unveils new global platform

Adnoc Logistics & Services yesterday unveiled its Integrated Logistics Services Platform and signed a $2.6 billion contract with Adnoc Offshore.

The five-year agreement, with the option of a five-year extension, will see more than 80 per cent of its value returned to the UAE’s economy, the company said.

The agreement includes port services, warehouse operations, heavy lifting, material handling and shipping, rig and barge moves, marine terminal operations and waste management services.

“We are very pleased to extend our decades long collaboration with Adnoc Offshore as we unveil our ILSP and continue to revolutionise offshore oil and gas logistics,” said Abdulkareem Al Masabi, chief executive of Adnoc L&S.

“The ILSP is a unique offering that centralises all logistics requirements for our customers through a single interface, optimising efficiencies and reducing logistics costs.”

The ILSP is among the largest offshore logistics offerings in the world that will enable Adnoc L&S to co-ordinate logistics management and maritime operations from its base in Mussaffah, Abu Dhabi.

The platform is part of the company’s commitment to the “continued growth of the region’s energy sector”.

By managing all requirements through one system, the ILSP can reduce project logistics costs, with customers invoiced in a cost-pertonne format, moving away from the standard asset lease model, Adnoc said.

The partnership will “enhance the efficiency of our operations, as we continue to strengthen Adnoc’s position as a low-cost, lower carbon intensity energy producer”, said Tayba Al Hashemi, chief executive of Adnoc Offshore.