Abu Dhabi-based Adnoc Logistics & Services is making a big expansion move in the offshore oil services sector by acquiring compatriot offshore player ZMI Holdings, which trades in the market as Zakher Marine International.

The deal will add another 60 offshore support vessels and jack-up construction lift boats to the Adnoc L&S offshore portfolio, which currently comprises around 20 OSVs.

The acquisition, which is subject to regulatory approvals, is expected to close in the fourth quarter of this year.