Clariant Oil Services to acquire Champion Technologies' deepwater Gulf of Mexico assets

Clariant Oil Services

Complementary to its strategy to develop deep water solutions and grow its operations in North America, Clariant Oil Services has agreed to acquire certain Gulf of Mexico assets from Ecolab Inc. Financial details were not disclosed.

The divestment of the assets by Ecolab was a prerequisite by the US Department of Justice for the approval of the acquisition of Champion Technologies.

Clariant is entering into a series of agreements with Champion related to its deepwater Gulf of Mexico business. The acquired assets include Champion Technologies’ oil and gas production chemicals services in the deep water Gulf of Mexico.

“This acquisition is synergistic with our decision to expand Clariant’s deep water business and grow our Oil Services operations in North America, building upon our investment strategy in the US,” said John Dunne, senior vice president, Clariant Oil & Mining Services.

According to its website, Clariant Oil Services treats an estimated one-third of the oil produced in the deepwater market, including some of the world’s harshest offshore regions.

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