ADNOC considering purchase of key UAE offshore oilfield services firm

(Bloomberg) --Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients, according to people familiar with the matter.

Zakher Marine International is working with Bank of America Corp. as it weighs its strategic options, including a sale, said the people, declining to be named because the information isn’t public yet. The process is still at an early stage and the company may still decide against selling, they said. Other buyers may also emerge.

Full Article