ADNOC Logistics & Services (ADNOC L&S) 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.
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 company said that 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 percent of the contract value will flow back into the UAE’s economy through ADNOC’s successful In-Country Value (ICV) program.
“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. 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 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.
“Building on the world-class capabilities and expertise of ADNOC L&S, we’re delighted to work in partnership to enhance the efficiency of our operations, as we continue to strengthen ADNOC’s position as a low-cost, lower-carbon intensity energy producer,” commented Ms. Tayba Al Hashemi, CEO of ADNOC Offshore.
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