Baker Hughes Forms Baker Hughes Drilling Fluids Division

13.07.2004

Baker Hughes announced that it is creating a new division -- Baker Hughes Drilling Fluids. The new division will be responsible for the oilfield drilling fluids, completion fluids and fluids environmental services businesses.

These businesses were formerly part of the INTEQ division. The president of this division will be John A. (Andy) O'Donnell. Mr. O'Donnell will report directly to Baker Hughes' president and chief operating officer, James R. (Rod) Clark.

INTEQ will continue to be led by Ray A. Ballantyne and will continue to offer best-in-class drilling and evaluation products and services. Both INTEQ and Baker Hughes Drilling Fluids will continue to share certain support functions.

Commenting on the creation of the new division, Michael E. Wiley, Baker Hughes' chairman and chief executive officer said, "The separation of these two major Baker Hughes product lines will enhance our ability to provide 'best-in-class' products and services to all our customers, to compete more effectively in the marketplace and increase returns on our shareholders' investment."

John A. (Andy) O'Donnell currently serves as vice president, general manager of drilling fluids within the INTEQ organization. Previously, he was vice president responsible for the process segment, which was divested in early 2004. Earlier, Mr. O'Donnell managed Project Renaissance, an enterprise-wide cost savings effort, completed in 2001. He also served as vice president-manufacturing for Baker Oil Tools. He joined Hughes Tool Company in 1975 and holds a B.S. degree from the University of California and an M.B.A. degree from Pepperdine University.

Baker Hughes Incorporated (NYSE: BHI) is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

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