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Baker Hughes Awarded Contracts


Baker Hughes Awarded Eight-Year ESP Contract in Ecuador

Repsol selects Baker Hughes based on 12 years of strong performance in Ecuador

HOUSTON, TX - October 14, 2010 - Baker Hughes (NYSE: BHI) announced today it was awarded a $137-million, eight-year contract extension from Repsol for the exclusive supply and maintenance of electrical submersible pumping (ESP) systems in Ecuador's Block 16 and Tivacuna production areas. The award covers 200 wells in which Repsol requires ESP systems to maximize production.

Baker Hughes has supplied ESP systems for Repsol's Block 16 and Tivacuna wells since 1998. The recent contract was awarded to Baker Hughes based on 12 years of successful new technology introduction, operational excellence and continuous reliability improvement. As part of its ongoing efforts to extend run times, Baker Hughes will deploy its latest Centrilift SPTM Superior Performance ESP system, featuring an extreme-duty pump design.

"We are pleased to continue our strong relationship with Repsol in Ecuador," comments Andy O'Donnell, president of the Western Hemisphere for Baker Hughes. "Artificial lift production projects require a long-term commitment to constantly improve equipment performance, and this contract means we can continue building on the gains we've achieved over our 12-year partnership with Repsol."

Baker Hughes Awarded Contract by Woodside Energy Ltd. in Australia

Services to be carried out on Pluto development

HOUSTON, TX - October 12, 2010 - Baker Hughes (NYSE: BHI) announced today that BJ Services, a Baker Hughes company, was awarded a USD multimillion contract by Woodside to provide casing and tubing running services in Australia. Work associated with the three-year contract began in May 2010 on various wells in Woodside's operations offshore northwestern Australia. Baker Hughes will support operations from its bases in Perth, Australia, and in Singapore.

To carry out the contract, Baker Hughes will use a comprehensive suite of casing and tubular handling equipment, including flush-mounted spiders and the fill and circulate tool. Diamond Offshore's semisubmersible rig Ocean America has been fitted with the BJ Services DerrickmanTM system, which includes a remotely operated mechanical arm that makes it possible to maneuver tubulars and drillpipe into a vertical position without the need for a crew member to act as a traditional stabber.

"Having supplied similar services to Woodside for assets in the Murzuq Basin in Libya, it is extremely satisfying to have the opportunity to work for them in Australia," says Kenny Watt, Baker Hughes' vice president of tubular and completion assembly services. "We look forward to providing outstanding service in a timely and economical manner."

About Baker Hughes
Baker Hughes provides reservoir consulting, drilling, pressure pumping, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

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