BASF to reorganise Global Oilfield and Mining Solutions business

02 April 2012 11:42  [Source: ICIS news]

LONDON (ICIS)--BASF is reorganising its Global Oilfield and Mining Solutions business in all regions in an effort to strengthen the segments competitiveness, the Germany-based chemicals major said on Monday.

“A more focused and industry-specific set-up is required to successfully implement our strategies,” said Steffen Kudis, head of the Global Oilfield and Mining Solutions business.

BASF’s regional Mining Solutions organisations will be shifted into stronger regional and local markets. The Mining Solutions’ business management in Asia-Pacific will move from Hong Kong, China, to Melbourne, Australia, while its business management based in Santiago de Chile, Chile; Houston, Texas, and Ludwigshafen, Germany, will remain where they are.

The group’s global business management for Oilfield Solutions will be relocated from Ludwigshafen to Houston, Texas, in the US, BASF said.

“All businesses are following a strategy of strong growth, which will be backed by corresponding expertise and resources,” added Kudis.

BASF`s Oilfield Solutions group develops surfactants and polymers, designed to support enhanced oil recovery (EOR) operations by means of chemical injection, while BASF Mining Solutions offers a range of mineral processing reagents for flotation, dispersing and agglomerating.

Financial details were not disclosed.

By: Franco Capaldo
+44 (0)20 8652 3214

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