Baker Hughes to Provide Integrated Services to Norway Consortium

Drilling, formation evaluation and waste management services included in Baker Hughes' integrated service package

HOUSTON, TX – October 19, 2010 – Baker Hughes (NYSE: BHI) announced today it has been awarded a multimillion dollar integrated project for the Borgland Dolphin Consortium (BDC) in Norway. The contract covers an initial three-year period for a full exploration program on the Norwegian continental shelf encompassing 15 wells.

Under the terms of the contract, Baker Hughes will provide service integration and planning as well as directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD), mud logging, drilling fluids, wireline logging and coring services. Also included in Baker Hughes’ service provision are drill cuttings and liquid waste handling. The project planning phase of the exploration campaign is expected to begin immediately, with the first well due to spud in June 2011.

The BDC includes seven international operators—Wintershall, OMV, Nexen, E.ON Ruhrgas, Rocksource, Front Exploration and Bridge Energy ASA. Baker Hughes will work closely with AGR Petroleum Services, which is providing well management services to the consortium, to deliver the safe and efficient operations required for this high-profile exploration campaign. Members of the BDC steering committee indicated that Baker Hughes was chosen based on its comprehensive tender that met the project’s HS&E, technical and commercial requirements.

“The award of this integrated contract demonstrates the confidence which our customers place in Baker Hughes to deliver safe, efficient operations across a spectrum of exploration plays from Stavanger to the Barents Sea, and further strengthens our position as a leader in the Norway market,” says Gary Rich, president of Baker Hughes in Europe.

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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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