ADNOC Logistics & Services unveils worlds largest turnkey offshore logistics platform

(WO) – ADNOC Logistics & Services has unveiled its Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that enables coordinated end-to-end management of logistics and maritime operations at its base in Mussafah, Abu Dhabi.

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.

As part of the launch of the ILSP project, ADNOC L&S confirms that it signed a $2.6 billion (AED9.5 billion) contract with ADNOC Offshore to provide integrated logistics services. The agreement 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. Over 80% of the contract value will flow back into the UAE’s economy through ADNOC’s successful In-Country Value (ICV) program.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “The ILSP is a unique offering that centralizes all logistics requirements for our customers through a single interface, optimizing efficiencies and reducing logistics costs. As we deliver on our ambitious growth strategy, we continue to unlock greater value both for our customers and ADNOC L&S and reinforce ADNOC L&S’ position as the region’s largest shipping and integrated logistics company and global maritime energy logistics leader.”

ADNOC L&S is undertaking a global strategic expansion program, to offer a broader service to its customers while supporting and enabling the growth of ADNOC’s upstream and downstream operations. The company has the most diversified fleet in the Middle East, owning 245 vessels and managing over 600 vessels annually. Its fleet and its 1.5 million square meters integrated logistics base in Mussafah position the company as a global maritime logistics leader.