BakerHughes

BakerPetroliteProductsCompanyandProductOverviewPresentedto:Date:BakerHughes

BakerPetroliteBest-in-classproductsandservicestodrill,evaluate,completeandproduceoil&gaswells.

2008Revenue:$11.86B34,600employeesFacilitiesin72countriesBakerHughes

DrillingFluidsProductionQuestBakerOilToolsHughes

ChristensenINTEQBakerPetroliteBakerAtlasCentriliftDrilling&EvaluationCompletion&ProductionBakerHughesIncorporated2Best-in-classproductsandserBakerPetroliteChemicalservicesandproductsforthehydrocarbonproduction,processing,pipeline,andpolymerindustries.Additivesfortheplastic,personalcare,adhesivesandimagingindustries.AnnualRevenue>$1BillionEmployees:3700+3BakerPetroliteChemicalservicBakerPetrolitePolymersMarketFocusAdhesivesImagingPersonalCare PlasticsFacilitiesPrimarymanufacturingsiteBarnsdall,OklahomaPilotplantSandSprings,OklahomaTechnologySugarLand,TexasSalesofficesworldwideStrategy

Workcloselyw/customerstocreatevalueaddingsolutions4BakerPetrolitePolymersMarkBakerPetroliteTechnologyEthylenePolyethylene“Wax”FunctionalPolyethylene“Wax”AlphaolefinsPolyalphaolefinsFunctionalPolyalphaolefinsPropylenePolypropylene“Wax”FunctionalPolypropylene“Wax”=commercialSourcedInputsBakerPetrolitePolymersProducts=developmental5BakerPetroliteTechnologyEthyBakerPetroliteTechnology(cont)VariousPolymersandWaxesWaterBasedDispersionsExperimentalDispersionsPetroleumFeedstockMicrocrystallineWaxesNaturalGasFischer-TropschWax=commercialSourcedInputsBakerPetrolitePolymersProducts=developmental6BakerPetroliteTechnology(coBakerPetrolitePolymersGroupCommercialProductReviewBakerPetrolitePolymersGroupEthyleneTechnologyOverviewCARDISTMPETROLITETMoxidizedpolymersCERAMERTMmaleicgraftsPOLYWAXTMhomopolymersPETROLITETMEPcopolymersUNICIDTMcarboxylicacidsUNILINTMprimaryalcoholsEthyleneUNITHOXTMalcoholethoxylatesPETROLITETMwaterbaseddispersionsPOLYWAX,

UNICID,UNILIN,CERAMER,VYBAR,CARDIS,PETROLITEandUNITHOXaretrademarksofBakerHughesIncorporated.8EthyleneTechnologyOverviewEtPOLYWAXTMPolyethylenesAveragepolydispersity:1.08

TotallylinearHardSharpMeltingn=2-499POLYWAXTMPolyethylenesAveragPOLYWAXTMPolyethylenes10POLYWAXTMPolyethylenes10POLYWAXTMPolyethylenes(cont)11POLYWAXTMPolyethylenes(contPETROLITETMCopolymerRandomcopolymerofEthyleneandPropyleneAscomparedtoPOLYWAXTMPolyethylene:Moreflexible/lesscrystallineMorecompatibleinpolarresinsMoresolubleinhydrocarbonsolvents12PETROLITETMCopolymerRandomcUNILINTMAlcohols80%+alcoholremainderispolyethyleneTerminalLongcarbonchainlengthsAlcoholfunctionalitydistributedevenlyamongmoleculesofallmolecularweightsn=7-2013UNILINTMAlcohols80%+alcoholUNITHOXTMEthoxylatesBasedonUNILINTMalcoholslongpolyethylenetailVaryingEOcontentandpolymerMnNon-ionicsurfactantsstrongemulsifyingpowerforhigherMninertsn=10-23m=0-3914UNITHOXTMEthoxylatesn=10-UNITHOXTMEthoxylates15UNITHOXTMEthoxylates15UNITHOXTMEthoxylates(cont)16UNITHOXTMEthoxylates(cont)16DispersionsofUNITHOXTMEthoxylates17DispersionsofUNITHOXTMEthoxDispersionsofWaxes18DispersionsofWaxes18UNICIDTMAcids80%+acidremainderispolyethyleneTerminalLongcarbonchainlengthsAcidfunctionalitydistributedevenlyamongmoleculesofallmolecularweightsn=7-2019UNICIDTMAcids80%+acidn=7UNICIDTMAcids20UNICIDTMAcids20CERAMERTMPolymersMaleicAnhydridegraftedonto:polyethylenebackbone(StructureA)maleicanhydride/alphaolefinbackbone(StructureB)HighacidandsaponificationnumbersStructureAStructureB21CERAMERTMPolymersMaleicAnhydCERAMERTMPolymers22CERAMERTMPolymers22OxidizedandFunctionalPolymersLMWhydrocarbonsareoxidizedviaaforcedairoxidationprocessoxygenaddedresultsinamixtureofacids,esters,alcohols,etc.CharacterizedbyacidandsaponificationnumbersFunctionalproductsareoxidizedmaterialsthathavebeenfurtherreacted23OxidizedandFunctionalPolymeOxidizedPolymers24OxidizedPolymers24FunctionalPolymers*AlkalinityNumber25FunctionalPolymers*AlkalinitVYBARTMandDIAXTMPolymersPolyalphaolefinPolymersHighlyBranchedincreasedsolventsolubilityefficientatbindingoilVarietyofproductformssolidsoftsolidliquidatroomtemperature26VYBARTMandDIAXTMPolymersPolVYBARTMandDIAXTMPolymers*ViaASTMD-127,allotherviaASTMD-3627VYBARTMandDIAXTMPolymers*VMicrocrystallineWaxesHydrocarbonbasedwaxesmixtureofnormalparaffinic,branchedparaffinic,andnaptheniccompoundsHighMeltwaxescrystallinefractionshardwithpenetrationlessthan15dmm@25oCFlexiblewaxessoftwithpenetrationgreaterthan16dmm@25oC28MicrocrystallineWaxesHydrocarMicrocrystallineWaxes–HighMelt*A=Amber;W=White29MicrocrystallineWaxes–HighMicrocrystallineWaxes-Flexible*A=Amber;L=Light;W=White;B=Black30MicrocrystallineWaxes-FlexiFischer-TropschWaxSynthetichydrocarbonspolymerizedfromnaturalgaspolymethylenewax90–95%normalparaffin,remaindercontainsmethylbranchesProducedbyShellMDS31Fischer-TropschWaxSynthetichBakerPetrolitePolymersGroupDevelopmentalProductReviewBakerPetrolitePolymersGroupDevelopmentalProductsDevelopmentaldispersionsSharpmeltingwaxesFunctionalpolyalphaolefinsPolypropyleneandfunctionalpolypropylenepolymers33DevelopmentalProductsDevelopmDevelopmentalDispersionsWiderangeofwaxpropertiesmolecularweightfrom400to8000differentwaxfunctionalitiesandchemicalstructuresDispersioncharacteristicswaterbasedsolidsupto40%anionicandnonionicparticlesizeanddistributiondependsonchemistryAbilitytocustomdesign34DevelopmentalDispersionsWideSharpMeltingWaxesBasedonBakerPetroliteWaxTechnologypeaktemperaturefrom70oCto120oConsettemperaturefrom40oC+hardnesscanbeadjustedtofitneedsAbilityto

CustomDesign35SharpMeltingWaxesBasedonBaFunctionalPolyalphaolefinsAlphaolefinsVYBARTM&DIAXTMPolymersFunctionalPolyalphaolefinsAcid,ester,alcohol,triglyceride=developmentalSourcedInputsBakerPetrolitePolymersProductsFormLiquidstoSolidsMeltPoints74°CMax.OH#(max.)200Acid#(max.)300Acetate,sap#180MaxTriglycerideSap#200Max36FunctionalPolyalphaolefinsAlpPolypropyleneTechnologyOverviewPropylenePolypropylene“Wax”Meltingtemperatureliquidto140°CFunctionalPolypropyleneMaleicanhydride,di-acids,halfacids,ethoxylate=developmentalSourcedInputsBakerPetrolitePolymersProductsMp(°C)homopolymers<RT-140Mn800-8000Poly-dispersity1.5–2.0Isotacticity35–90%pentadsFunctionalityVarious37PolypropyleneTechnologyOvervExperimentalPolypropylenes

BasedonmetallocenecatalysttechnologyAbilitytocustomizebasedon:

molecularweightisotacticityfunctionalityn=13-18638ExperimentalPolypropylenesBExperimentalMaleicPolypropylenes

AbilitytomakevarietyofmaleatedpolymersMaleic“ene”

oneterminalsuccinicgroup100%conversionn=13-18639ExperimentalMaleicPolypropylInClosingBakerPetrolitePolymersGroupspecializesinlowmolecularweightpolyolefinchemistryWorkhand-in-handtoidentifypracticalsolutionsAbletocustomdesigntomeetyourneedsGlobalreach40InClosingBakerPetrolitePolyBakerHughes

BakerPetroliteProductsCompanyandProductOverviewPresentedto:Date:BakerHughes

BakerPetroliteBest-in-classproductsandservicestodrill,evaluate,completeandproduceoil&gaswells.

2008Revenue:$11.86B34,600employeesFacilitiesin72countriesBakerHughes

DrillingFluidsProductionQuestBakerOilToolsHughes

ChristensenINTEQBakerPetroliteBakerAtlasCentriliftDrilling&EvaluationCompletion&ProductionBakerHughesIncorporated42Best-in-classproductsandserBakerPetroliteChemicalservicesandproductsforthehydrocarbonproduction,processing,pipeline,andpolymerindustries.Additivesfortheplastic,personalcare,adhesivesandimagingindustries.AnnualRevenue>$1BillionEmployees:3700+43BakerPetroliteChemicalservicBakerPetrolitePolymersMarketFocusAdhesivesImagingPersonalCare PlasticsFacilitiesPrimarymanufacturingsiteBarnsdall,OklahomaPilotplantSandSprings,OklahomaTechnologySugarLand,TexasSalesofficesworldwideStrategy

Workcloselyw/customerstocreatevalueaddingsolutions44BakerPetrolitePolymersMarkBakerPetroliteTechnologyEthylenePolyethylene“Wax”FunctionalPolyethylene“Wax”AlphaolefinsPolyalphaolefinsFunctionalPolyalphaolefinsPropylenePolypropylene“Wax”FunctionalPolypropylene“Wax”=commercialSourcedInputsBakerPetrolitePolymersProducts=developmental45BakerPetroliteTechnologyEthyBakerPetroliteTechnology(cont)VariousPolymersandWaxesWaterBasedDispersionsExperimentalDispersionsPetroleumFeedstockMicrocrystallineWaxesNaturalGasFischer-TropschWax=commercialSourcedInputsBakerPetrolitePolymersProducts=developmental46BakerPetroliteTechnology(coBakerPetrolitePolymersGroupCommercialProductReviewBakerPetrolitePolymersGroupEthyleneTechnologyOverviewCARDISTMPETROLITETMoxidizedpolymersCERAMERTMmaleicgraftsPOLYWAXTMhomopolymersPETROLITETMEPcopolymersUNICIDTMcarboxylicacidsUNILINTMprimaryalcoholsEthyleneUNITHOXTMalcoholethoxylatesPETROLITETMwaterbaseddispersionsPOLYWAX,

UNICID,UNILIN,CERAMER,VYBAR,CARDIS,PETROLITEandUNITHOXaretrademarksofBakerHughesIncorporated.48EthyleneTechnologyOverviewEtPOLYWAXTMPolyethylenesAveragepolydispersity:1.08

TotallylinearHardSharpMeltingn=2-4949POLYWAXTMPolyethylenesAveragPOLYWAXTMPolyethylenes50POLYWAXTMPolyethylenes10POLYWAXTMPolyethylenes(cont)51POLYWAXTMPolyethylenes(contPETROLITETMCopolymerRandomcopolymerofEthyleneandPropyleneAscomparedtoPOLYWAXTMPolyethylene:Moreflexible/lesscrystallineMorecompatibleinpolarresinsMoresolubleinhydrocarbonsolvents52PETROLITETMCopolymerRandomcUNILINTMAlcohols80%+alcoholremainderispolyethyleneTerminalLongcarbonchainlengthsAlcoholfunctionalitydistributedevenlyamongmoleculesofallmolecularweightsn=7-2053UNILINTMAlcohols80%+alcoholUNITHOXTMEthoxylatesBasedonUNILINTMalcoholslongpolyethylenetailVaryingEOcontentandpolymerMnNon-ionicsurfactantsstrongemulsifyingpowerforhigherMninertsn=10-23m=0-3954UNITHOXTMEthoxylatesn=10-UNITHOXTMEthoxylates55UNITHOXTMEthoxylates15UNITHOXTMEthoxylates(cont)56UNITHOXTMEthoxylates(cont)16DispersionsofUNITHOXTMEthoxylates57DispersionsofUNITHOXTMEthoxDispersionsofWaxes58DispersionsofWaxes18UNICIDTMAcids80%+acidremainderispolyethyleneTerminalLongcarbonchainlengthsAcidfunctionalitydistributedevenlyamongmoleculesofallmolecularweightsn=7-2059UNICIDTMAcids80%+acidn=7UNICIDTMAcids60UNICIDTMAcids20CERAMERTMPolymersMaleicAnhydridegraftedonto:polyethylenebackbone(StructureA)maleicanhydride/alphaolefinbackbone(StructureB)HighacidandsaponificationnumbersStructureAStructureB61CERAMERTMPolymersMaleicAnhydCERAMERTMPolymers62CERAMERTMPolymers22OxidizedandFunctionalPolymersLMWhydrocarbonsareoxidizedviaaforcedairoxidationprocessoxygenaddedresultsinamixtureofacids,esters,alcohols,etc.CharacterizedbyacidandsaponificationnumbersFunctionalproductsareoxidizedmaterialsthathavebeenfurtherreacted63OxidizedandFunctionalPolymeOxidizedPolymers64OxidizedPolymers24FunctionalPolymers*AlkalinityNumber65FunctionalPolymers*AlkalinitVYBARTMandDIAXTMPolymersPolyalphaolefinPolymersHighlyBranchedincreasedsolventsolubilityefficientatbindingoilVarietyofproductformssolidsoftsolidliquidatroomtemperature66VYBARTMandDIAXTMPolymersPolVYBARTMandDIAXTMPolymers*ViaASTMD-127,allotherviaASTMD-3667VYBARTMandDIAXTMPolymers*VMicrocrystallineWaxesHydrocarbonbasedwaxesmixtureofnormalparaffinic,branchedparaffinic,andnaptheniccompoundsHighMeltwaxescrystallinefractionshardwithpenetrationlessthan15dmm@25oCFlexiblewaxessoftwithpenetrationgreaterthan16dmm@25oC68MicrocrystallineWaxesHydrocarMicrocrystallineWaxes–HighMelt*A=Amber;W=White69MicrocrystallineWaxes–HighMicrocrystallineWaxes-Flexible*A=Amber;L=Light;W=White;B=Black70MicrocrystallineWaxes-FlexiFischer-TropschWaxSynthetichydrocarbonspolymerizedfromnaturalgaspolymethylenewax90–95%normalparaffin,remaindercontainsmethylbranchesProducedbyShellMDS71Fischer-TropschWaxSynthetichBakerPetrolitePolymersGroupDevelopmentalProductReviewBakerPetrolitePolymersGroupDevelopmentalProductsDevelopmentaldispersionsSharpmeltingwaxesFunctionalpolyalphaolefinsPolypropyleneandfunctionalpolypropylenepolymers73DevelopmentalProductsDevelopmDevelopmentalDispersionsWiderangeofwaxpropertiesmolecularweightfrom400to8000differentwaxfunctionalitiesandchemicalstructuresDispersioncharacteristicswaterbasedsolidsupto40%anionicandnonionicparticlesizeanddistributiondependsonchemistryAbilitytocustomdesign74DevelopmentalDispersionsWideSharpMeltingWaxesBasedonBakerPetroliteWaxTechnologypeaktemperaturefr