Baker Hughes 2007 Annual Report Download - page 4

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•฀Change฀of฀name฀or฀address฀฀ •฀Additional฀administrative฀services฀฀ •฀Dividend฀reinvestment฀enrollment
•฀Duplicate฀mailings฀฀ •฀Consolidation฀of฀accounts฀฀ •฀Transfer฀of฀stock฀to฀another฀person
•฀Lost฀stock฀certificates
•฀People฀contributing฀to฀their฀full฀potential.
•฀Delivering฀unmatched฀value฀to฀our฀customers.
•฀Being฀cost-efficient฀in฀everything฀we฀do.
•฀Employing฀our฀resources฀effectively.
Our Core Values
Integrity – We believe integrity is the foundation of our individual and corporate actions.
We are accountable for our actions, successes and failures.
Teamwork – We believe teamwork leverages our individual strengths. We willingly share our resources as we
work toward common goals.
Performance – We believe performance excellence will differentiate us from our competitors. We work hard,
celebrate our successes and learn from our failures.
Learning – We believe a learning environment is the way to achieve the full potential of each
individual and the company.
Keys to Success
•฀People฀contributing฀to฀their฀full฀potential.
•฀Delivering฀unmatched฀value฀to฀our฀customers.
•฀Being฀cost-efficient฀in฀everything฀we฀do.
•฀Employing฀our฀resources฀effectively.
Baker Oil Tools
Baker Oil Tools provides
industry-leading well
completion and inter-
vention solutions that
improve efficiency, reduce risk and
optimize production. A comprehensive
product line includes liner hanger and
packer systems, sand control technol-
ogy, horizontal completion solutions,
Intelligent Well Systems™
, and tools and
services for fishing, re-entry, remedia-
tion and stimulation operations.
Baker Petrolite
Baker Petrolite provides
chemical technology
and services for hydro-
carbon production,
transportation and processing. For
upstream customers, engineered chem-
ical programs address oil/water sepa-
ration, corrosion, gas-well dewatering
and other production problems. For
downstream customers, chemicals and
technical services enhance plant pro-
cesses, manage water treatment, and
help ensure pipeline integrity.
Centrilift
Centrilift is a leading
provider of electrical
submersible pump (ESP)
systems for artificial lift,
as well as web-based well monitoring
services. New technologies include
pump systems for harsh downhole
environments, and systems that
address subsea production, oil sands
and coalbed methane applications.
ProductionQuest
ProductionQuest helps
customers maximize
recovery from both new
and mature fields. The
unit provides permanent monitoring,
chemical automation, and Intelligent
Well Systems™ to optimize production.
It also delivers project management ser-
vices that integrate technologies from
all Baker Hughes divisions to meet
client needs.
Completion and Production Segment
India
In India, Baker Hughes focused on deepwater
offshore markets off both west and east
coasts to substantially increase its business in
directional drilling, logging-while-drilling, and
wireline logging, as well as liner hanger and
completion systems.
Saudi Arabia
Baker Hughes‘ drilling, evaluation and com-
pletion technology has enabled Saudi Aramco
to pursue an aggressive strategy of using hor-
izontal and multilateral wells to achieve maxi-
mum contact with the reservoir and increase
recovery from new and existing fields.
Qatar
Baker Hughes‘ strengths in drilling and com-
pleting large diameter wells helped operators
in Qatar develop the country’s substantial nat-
ural gas reserves. Intelligent Well Systems™
technology was applied to produce two zones
from a deep oil well.
Malaysia
Baker Hughes investments to provide high-
end services for deepwater fields resulted
in new business, including a large direc-
tional drilling project for an international
operator. An advanced drilling fluids labora-
tory began operations, and fiber optic perma-
nent well monitoring systems were installed
in two wells.
Angola
Advanced drill bit, rotary steerable and
formation evaluation technologies supported
deepwater drilling operations, as the oilfield
chemical business expanded in Cabinda and
on the Kizomba project. Initial application of
new well remediation fluid dramatically
improved production on two wells.