FOR IMMEDIATE RELEASE
Momentive Specialty Chemicals’ Oilfield Technology Group Offers Expanded Product Portfolio
HOUSTON, Texas - (October 3, 2012) - The Oilfield Technology Group (OTG) of Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals” or the “Company”) today announced that it has expanded their product offerings beyond resin coated proppants to include fluid performance additives and hydrogen sulfide (H2S) scavengers.
Momentive Specialty Chemicals is a leading provider of innovative technologies for the oil and gas industry. The company pioneered resin coated proppant technology over 25 years ago to help its customers optimize fracture flow capacity and improve post treatment well production. Over the years, the Company has created many innovative products that have come from resin research and development efforts. This includes OilPlusTM proppants, which are specifically designed to provide increased oil flow for fracturing treatments in oil and liquid-rich reservoirs.
“Our product portfolio is expanding further to offer fluid performance additives and hydrogen sulfide scavengers for a variety of oilfield applications. The new fluid performance additives include a range of products from foam control agents and demulsifiers used in gas/oil separators to effective drilling solutions such as our BorDrillTM fluid loss additive product line,” said Jerry Borges, Senior Vice President, Oilfield Technology Group.
Another new product is the Company’s Fines-StaTM 100 fines control agent, which helps stabilize insoluble formation fines generated during stimulation treatments. This product is used to address fines migration challenges associated with siliceous rocks, particularly those encountered in crude oil production or generated as a result of hydraulic fracturing or sandstone acidizing. These formation fines can significantly reduce well productivity. Treatment can result in a significant increase in the long-term productivity and stabilization of the well along with reduced maintenance costs.
H2S scavenger products are effective for crude oil, natural gas, liquefied petroleum gas (LPG), and SAGD. Typical treatments occur at the wellsite, on production platforms, in ships, pipelines, and refineries. Momentive Specialty Chemicals maintains a global presence for efficiently delivering these products around the world.
About Momentive’s Oilfield Technology Group
Momentive Specialty Chemicals’ Oilfield Technology Group is a global leader in resin coated proppants for use in hydraulic fracturing. Momentive pioneered the technology more than 25 years ago to help customers optimize fracture flow capacity and improve post treatment well production. Our products also include fluid performance additives for various oilfield applications such as foam control, demulsification, and formation fines control. Momentive also provides hydrogen sulfide scavengers for crude oil and natural gas production. Momentive is committed to enhancing its industry leadership and meeting its customers' specific application needs with a total solutions approach of quality products and services. Additional information is available at www.momentive.com/oilfield.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.) and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.
R. Steve Verboom
Momentive Specialty Chemicals Inc.
Oilfield Technology Group
+1 281 646 2831 phone
Vice President, Investor Relations & Public Affairs
Momentive Specialty Chemicals Inc.
+1 614 225 2223