The agreement establishes an expanded framework between the companies, already longtime collaborators, to partner on the provision of maritime and integrated logistics services for offshore EPC projects.
ADNOC L&S was first listed on the Abu Dhabi Securities Exchange in a June 2023 IPO that raised USD 769 million for parent company ADNOC, which retained an 81% stake. This secondary offering follows ADNOC’s marketed placement of ADNOC Gas shares in February 2025, which raised USD 2.84 billion.