SUGAR LAND, Texas – July 24, 2006 – Baker Petrolite, a division of Baker Hughes Incorporated, has acquired DBM Oil Chemicals B.V., based in Rotterdam, the Netherlands. This acquisition will support the growth of the Baker Petrolite fuel additives business, including the Prepared to Respond® (P2R®) Services business segment. The P2R Services Program provides 24-hour, year-round worldwide chemical response service to cargo and tanker owners, and suppliers for onsite chemical treatment of fuel oil, crude oil, and distillate fuel cargo in order to meet the buyer’s specifications.
“We continue to grow to meet the needs of our customers during their most difficult circumstances by providing them with superior service supported by innovative chemistry and proven technology that brings value to a wide range of applications,” said Frank Niznik, World Wide P2R Services Sales Manager.“This acquisition, coupled with our vast experience of handling emergency situations, is an excellent strategic fit that will aid in the growth of P2R Services in Europe, Russia, and areas in the Middle East,” said Michael Nicholson, Baker Petrolite Business Development Manager, Fuel Additives and P2R Services.
“We will maintain our focus of servicing distressed oil cargoes, as well as the upgrading of these cargoes for trading profits,” concluded Jerry Basconi, Vice President and General Manager of the Downstream Industrial group.
Baker Petrolite, a division of Baker Hughes Incorporated, is a world leader in providing chemical, engineering and technology solutions to the global hydrocarbon recovery and processing.
Baker Hughes is a leading provider of drilling, formation evaluation, completion, and production products and services to the worldwide oil and gas industry. ###
CONTACT:Baker Petrolite, Communications Services
Susan Bourgain, 281 275 7253
susan.bourgain@bakerpetrolite.com
Baker Petrolite Marketing
Andrew McCallum, 281-276-5422
andrew.mccallum@bakerpetrolite.com
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