1. Introduction to Baker Hughes Incorporated November 2008

2. Baker Hughes Drilling Fluids ProductionQuest Baker Oil Tools Hughes Christensen INTEQ Baker Petrolite Baker Atlas Centrilift Baker Hughes Incorporated Drilling & Evaluation Completion & Production Provides advanced products and services to drill, evaluate and complete oil and gas wells and maximize production from the reservoir. We also provide reservoir consulting services. FY2007 Revenues: $10.4 billion R&E budget: $372 million 36,000 employees Facilities in 72 countries Operations in 90+ countries Reservoir Technology & Consulting

3. High Performance Culture Core ValuesHS&E CommitmentCompletely Compliant …ethics, laws, safety

4. How Baker Hughes Creates Value  Focus, through product line divisions  People who are experts  Technology to meet customer objectives  Global presence  Performance for efficient operations and improved reservoir recovery  Reliability, built into every tool and service Drilling, evaluation, completion, and production products and services… And reservoir services.

5. Drilling Drill Bits Directional Drilling Drilling Fluids Drilling Optimization

6. Formation Evaluation Logging While Drilling Fluid Sampling Integrated Formation Evaluation Wireline Logging Coring

7. Completion Perforating Intelligent Well Systems Expandable Completions Flawless Execution Sand Control Completions Pumping Services Multilateral Systems

8. Production Electric Submersible Pump Systems Production Logging Oilfield Chemicals Fishing Services Workover Services Progressing Cavity Pumps

9. Reservoir Understanding  Reservoir Technology and Consulting Group –Gaffney, Cline & Associates –Geomechanics International  Some clients seek service companies with broad reservoir management capabilities  Reservoir Engineering  Integrated technical and reservoir management advice –Exploration –Field development –Enhanced Oil Recovery –Operations management  Geomechanics

10. Research & Engineering Completion System Design, RussiaDrilling Fluids Laboratory, Aberdeen Rapid Prototyping, Houston BETA rigDrilling Simulator, The Woodlands

11. Center for Technology Innovation Phase I completed Investing in Technical Capabilities xHPHT Test Cell

12. World Class Manufacturing Screen Plant, LafayetteCelle Technology Center, GermanyCompletion Tool Mfg., Houston Blending Plant, La PorteHouston Technology Center Tricone Manufacturing, The Woodlands

13. Baker Hughes Region Territories

14. Investment for Growth - Infrastructure Al Khobar, Saudi Arabia Celle, Germany

15. Eastern Hemisphere Education Center  Major training facility  16 classrooms  Laboratory  Auditorium  Workshop  32 instructors  300 students at a time

16. Summary of Baker Hughes Strategy  Be the leading global service company  Long-term Investment –Infrastructure –People –Technology  Technology Innovation –Deep water –HPHT –Unconventional reserves  Strengthen Capabilities –Reservoir Engineering –Reservoir Monitoring –Project Management