Baker Hughes Acquires Zeroth Technology Limited

HOUSTON, Dec. 2 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated(NYSE: BHI; EBS) announced today that it has acquired all of the outstandingshare capital of Zeroth Technology Limited ("Zertech"), a privately ownedcompany based in Aberdeen, Scotland. Zertech has developed and patented aunique, non-elastomer, expandable metal sealing element that is currentlymarketed in well intervention applications. Zertech's current customersinclude major oil and gas exploration and production companies in the UnitedKingdom, Norway and the Middle East. Interest in its sealing technology isgrowing in other producing areas of the world.

Zertech was recently awarded the International Coiled Tubing AssociationEuropean Chapter Award for Innovation and Technology. This award is presentedannually to recognize oilfield operating and service companies who demonstratethe application of technical innovation in the area of well intervention.

Forward Looking Statements

This news release (and any oral statements) may contain forward-lookingstatements within the meaning of Section 27A or the Securities Act of 1933, asamended, and Section 21E of the Securities and Exchange Act of 1934, asamended. Forecasts regarding the revenues of Zertech are based on informationprovided by the prior owners of Zertech. These forecasts may be substantiallydifferent from actual results. Additional information and risk factors arecontained in our Form 10-K for the fiscal year ended December 31, 2004 andother filings with the SEC about the risks and uncertainties that could causeactual results to be different. The company's SEC filings can be viewed athttp://www.bakerhughes.com . The company assumes no responsibility to updateany of the information referenced in this news release.

Baker Hughes is a leading provider of drilling, formation evaluation,completion and production products and services to the worldwide oil and gasindustry.

**** NOT INTENDED FOR BENEFICIAL HOLDERS Contact: Gary R. Flaharty (713) 439-8039 H. Gene Shiels (713) 439-8822

SOURCE Baker Hughes Incorporated

CONTACT: Gary R. Flaharty, +1-713-439-8039, or
H. Gene Shiels, +1-713-439-8822,

both of Baker Hughes Incorporated

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