Abu Dhabi National Oil Company to acquire Zakher Marine International.

Abu Dhabi National Oil Company, the state-owned oil company of the United Arab Emirates, agreed to acquire Zakher Marine International, an Abu Dhabi-based owner and operator of offshore support vessels. Financial terms were not disclosed. With the acquisition of ZMI, ADNOC will broaden its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China, and extend its regional footprint, creating new opportunities for expansion with an industry-recognized partner. Meanwhile, ZMI will benefit from access to new opportunities provided as a result of ADNOC’s ambitious growth strategy, allowing it to grow and expand its existing business footprint.