Baker Hughes Announces Rig Count Correction

HOUSTON, Feb. 10 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI; PCX; EBS) announced today that in the international rig count for January 2004, released February 6th, seven rigs reported as land rigs in Mexico where actually operating offshore. The total number of rigs operating in Mexico and internationally were reported accurately.

     January 2004 Rotary Rig Counts

                      January 2004            December 2003     January 2003
                     ---------------         ---------------  ----------------
                     Land   OS  Total  Var.  Land  OS  Total  Land   OS  Total
     -------------------------------------------------------------------------
       Europe          33   36    69  (14)    36   47    83     37   47    84
       Middle East    187   35   222    5    183   34   217    175   35   210
       Africa          36   12    48  (14)    38   24    62     37   16    53
       Latin America  204   69   273    9    197   67   264    166   45   211
       Asia Pacific   108   82   190   13    102   75   177    106   70   176
     International    568  234   802   (1)   556  247   803    521  213   734
       United
        States      1,001  100 1,101  (13) 1,009  105 1,114    743  111   854
       Canada         549    5   554  137    412    5   417    475    3   478
     North America  1,550  105 1,655  124  1,421  110 1,531  1,218  114 1,332
     -------------------------------------------------------------------------
     Worldwide      2,118  339 2,457  123  1,977  357 2,334  1,739  327 2,066
     =========================================================================

This correction has also been made in the rig count files contained on our website at http://www.bakerhughes.com/investor/rig .

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

                     NOT INTENDED FOR BENEFICIAL HOLDERS

     Contact:
     Gary R. Flaharty (713) 439-8039
     gary.flaharty@bakerhughes.com
     Kyle J. Leak (713) 439-8042
     kyle.leak@bakerhughes.com
SOURCE  Baker Hughes Incorporated
    -0-                             02/10/2004
    /CONTACT:  Gary R. Flaharty, +1-713-439-8039, or
gary.flaharty@bakerhughes.com , or Kyle J. Leak, +1-713-439-8042, or
kyle.leak@bakerhughes.com , both of Baker Hughes Incorporated/
    /Web site:  http://www.bakerhughes.com
                http://www.bakerhughes.com/investor/rig /
    (BHI)

CO:  Baker Hughes Incorporated
ST:  Texas
IN:  OIL
SU:

GN-CD 
-- DATU038 --
1533 02/10/2004 17:00 EST http://www.prnewswire.com