Baker Hughes Opens New Facility in Australia

Market growth drives need for operations base covering three service lines

HOUSTON – November 17, 2010 –Baker Hughes (NYSE: BHI) announced today that it has opened a new facility in Welshpool, Australia, to meet growing demand and increased oilfield activity in Australia. Three of the company’s service lines–pumping services, tubular services, and process and pipeline services–are now housed in the new 340,000-square-foot facility.

Major growth in the region prompted the company to expand its presence and increase personnel nearly fourfold during the past three years. Earlier this year, Chevron Pty Ltd awarded Baker Hughes a contract to provide pipeline precommissioning services on the Gorgon Project off the Northwest Shelf of Australia. Work has begun and is scheduled for completion by the end of 2013.

“To support our dramatic increase in activity, we required a larger facility to accommodate more staff and equipment. By consolidating three service lines at one base, we can share resources and work together as a team more efficiently. Our customers ultimately benefit from these synergies,” says Jaipreet Singh, Baker Hughes Australia area manager for process and pipeline services.

The new purpose-built facility, which serves as the operations base for Australia and New Zealand, includes offices, laboratories, training space, workshop facilities, a warehouse and storage, and an equipment lay-down area. To support operations in the region, Baker Hughes maintains a full complement of equipment for pumping services, tubular services, and process and pipeline services at Welshpool. Baker Hughes also houses the largest fleet of nitrogen services equipment in Australia.

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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.

CONTACTS:

Media Relations:
Kathy Shirley, +1.713.439.8135, kathy.shirley@bakerhughes.com
Investor Relations:
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