ADNOC Logistics & Services (ADNOC L&S) has unveiled its Integrated Logistics Services Platform (ILSP), which 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, one of the largest turnkey offshore logistics offerings in the world, ADNOC L&S signed a US$2.6bn (AED9.5bn) 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.
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 revolutionise offshore oil and gas logistics. The ILSP is a unique offering that centralises all logistics requirements for our customers through a single interface, optimising 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.
ADNOC L&S is undertaking a global strategic expansion programme to offer a broader service to its customers while supporting and enabling the growth of ADNOC’s upstream and downstream operations.