Baker Hughes Consolidates Consulting Services under Gaffney, Cline & Associates

Consulting services group offers expertise across all sectors of the petroleum industry

HOUSTON, TEXAS - Aug. 26, 2011 - Baker Hughes (NYSE: BHI) announced today the consolidation of its consulting services into Gaffney, Cline & Associates.

Baker Hughes acquired several consulting companies - including Gaffney, Cline & Associates, EPIC and the consulting division of Helix RDS - in 2008 and 2009. The new organization brings together approximately 300 consultants, working in all oil and gas industry sectors. GeoMechanics International, also acquired in 2008, is now part of the newly organized Baker Hughes subsurface integrity and evaluation group and the former GeoMechanics International consulting operations will remain under that umbrella.

With nearly 50 years of experience, Gaffney, Cline & Associates provides impartial technical, commercial and strategic solutions across the entire upstream, midstream and downstream sectors. The expanded group brings additional technical skills for the complete field lifecycle from exploration to abandonment, along with expertise from Canada's heavy oil sector and in enhanced oil recovery. The consolidated Gaffney, Cline & Associates works for clients ranging from national and international oil companies, governments, financial institutions and petroleum services and support companies from offices in North America, Latin America, the UK, Asia Pacific, Russia, Kazakhstan and the Middle East.

"The combined expertise of what is now a very substantial global consultancy allows us to offer a broad portfolio of services to our clients," says John Harris, president of Reservoir Development Services for Baker Hughes. "Plus, our consulting group's relationship with Baker Hughes means we can offer, when appropriate, a complete service package ranging from field development planning, execution and operational management with the full breadth of Baker Hughes products and services."

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

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