BASF to strengthen its Global Oilfield and Mining Solutions business in all regions
Ludwigshafen, Germany, and Houston, Texas – April 2, 2012 – Through a new organizational set-up BASF will in future align its Global Oilfield and Mining Solutions business even more strongly with customer needs. The business consists of two industry platforms for mining and oilfield whose strategies are based on strong growth and adding value through innovation and customized solutions. “A more focused and industry-specific set-up is required to successfully implement our strategies. I see this as investment and strong commitment to our customer industries and I am very glad to move forward in this direction;” said Steffen Kudis, Head of the Global Oilfield and Mining Solutions business.
The dedicated Global Business Management for Oilfield Solutions will be relocated to Houston, Texas, United States, led by Denise Joost. “Houston is recognized as the global hub for the oil and gas industry. With this move, we will be closer to our customers allowing us to work together to set market trends, not just follow them;” said Joost.
The Regional Mining Solutions organizations will also be strengthened by shifting business responsibilities into the strongest regional and local markets. The Regional Business Management Asia Pacific will move from Hong Kong, China to Melbourne, Australia. The Regional Business Management in Santiago de Chile, Chile; Houston, Texas, and Ludwigshafen, Germany will remain located where they are today.
Furthermore a dedicated Global Enhanced Oil Recovery (EOR) Business Development will be established. “All businesses are following a strategy of strong growth which will be backed by corresponding expertise and resources,” added Kudis.
About BASF Oilfield Solutions
BASF offers a wide range of products to help the oilfield service industry make efficient formulation. Our portfolio in this field is very wide and comprises products for the drilling and completion of oil wells as chemicals for continuous and cost-efficient production of valuable oil and gas resources. BASF`s Oilfield Solutions group develops next generation surfactants and polymers, designed to support enhanced oil recovery (EOR) operations by means of chemical injection. With our new chemistry we address demanding field conditions such as high temperature and/or high salinity. Further information can be found at www.basf.com/oilfieldsolutions.
About BASF Mining Solutions
BASF Mining Solutions offers an extensive range of mineral processing reagents. BASF is a global business and currently the strengths are in solid/liquid separation and solvent extraction; however we also offer reagents for flotation, dispersing, agglomerating and others. Our products are marketed worldwide. Further information can be found at: www.basf.com/miningsolutions.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.