Preussag Group News

Flensburger Schiffbau-Gesellschaft, FSG, was founded in 1872 by a group of five local ship owners who previously had all their steamboats built in England as most German ship owners did in the 19th century. The first ship, the iron tall ship Doris Brodersen, was delivered to one of the founding partners in 1875. The cargo steamer Septima was commissioned a year later. In 1892 a floating dock, with a capacity of 2,300 tons has been built. At the turn of the year 1900, more than 2c000 employees worked at FSG.

Schlumberger Oilfield Services has acquired Kavernen Bau und Betriebs GmbH (KBB) from the Preussag Group. The purchase of the Hanover, Germany-based consulting firm, which has more than 30 years of experience in subsurface gas storage, augments the range of services provided by Schlumberger for the growing worldwide gas business. KBB's primary expertise is in the engineering, construction and project management of facilities for the underground storage of natural gas in salt domes, aquifer structures and depleted oil and gas reservoirs, including the associated salt leaching, gas compression and gas treatment facilities on the surface.