The Evolution of the

Artificial Lift Market

Wil Faubel
Centrilift
Forward-Looking Statements

This presentation and any oral statements made in connection

with these presentations contains forward-looking statements
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The words "expected",
"will" and similar expressions are intended to identify
forward-looking statements. Baker Hughes' expectations
regarding any specific matter is only its forecast regarding the
matter. A forecast may be substantially different from actual
results, which are effected by various factors that are
enumerated in Baker Hughes' 2000 Annual Report on Form
10-K, Reports on Form 10-Q and news releases.
Mission

ESP System PCP System

Variable
Speed
Centrilift is the industry leader in
Controller providing “best-in-class” Electrical
Submersible Pump (ESP) artificial
lift systems and services that offer
superior value and satisfaction to
Electrical
Cable our customers.

Multistage
Centrilift has recently entered the
Centrifugal
Pump
Progressing Cavity Pump (PCP)
artificial lift market and intends to
Rotary Gas
Separator become a leading systems supplier
Seal Section in this market segment.
Motor

Downhole
Monitor
 The Artificial Lift Market
(millions)

52%

28%
43%

28% 12% 15% 12%

6%
2% 2%

Source: Centrilift
Technology Developments
for Enhanced Run Life

Gas XD Systems Abrasion Resistant Production GCS

Handling Pump Sensors
Best-in-Class Service
for Enhanced Run Life

Applications Customer
Engineering Training
Global Field
Service

Applications
Software ESP Field
Development Management
Enhanced Run Life = Value Creation

Services and
Systems

ESP Field
Run Life (days)

Management

Products and
Components Applications
Expertise
Well-site
Deployment
Technology lu e
Va

1990 1992 1994 1996 1998 2000 2002

Project Duration
Source: Centrilift
ESP Growth Areas

• Expanded Use of ESPs

– Encroach other forms of artificial lift
– Sub-sea critical well systems &
applications
– Exploit gas well stimulation applications
– Grow horizontal pump applications
Progressing Cavity Pumps

• Grow PCP Market Share

– Differentiable technology
• Rod driven and ESPCP
• Complete system
– Focused marketing
campaign
• Regional training
• Leverage existing
distribution network
– Focus on high end of the
market
• Oilfield focus
• Systems approach
Summary

• Well Positioned to Grow the Business!

– Engaged in the two fastest growing market segments
• Enhance our #1 Position in the ESP Market
– Expanded use of ESP’s
• Establish a Leadership Position in the PCP Market
– Grow PCP market share
– Focus on the high end of the market