The presence and effect of water on calcium carbonate nanoparticles used in engine additives, stabilized with a sulfonate surfactant, is investigated using small-angle neutron scattering, dynamic light scattering, Fourier transform infrared spectroscopy, and rheometry. These techniques provide complementary data that suggests the formation of a layer of water around the core of the particles ensuring continued colloidal stability yet increasing the dispersion viscosity. Through the use of small-angle neutron scattering, the dimensions of this layer have been quantified to effectively one or two water molecules in thickness. The lack of a significant electrostatic repulsion is evidence that the water layer is insufficient to cause major dissociation of surface ions.