International Revenue per Rig

1
BJ Services Company Banc of America
Securities2007 Energy Conference November 15,
2007
2
Worldwide Pressure Pumping Market
(Includes Coiled Tubing)
Market (millions)
Worldwide Rigs

• 2007 vs 2002
• 75 rig count growth
• 197 Pumping market growth
• Market Drivers
• N. America drilling orientation (gas)
• Unconventional formations
• International stimulation growth

Source Spears and Associates - calendar year
3
U.S. / Mexico Pressure Pumping
(in millions)

• Market Strategies
• Increase field personnel to reduce contract labor
  and increase equipment utilization
• Move fracturing capacity to high demand
  under-served markets
• Sell differentiating technology
• Reduce discretionary expenses

4
Canadian Pressure Pumping
(in millions)

• Market Strategies
• Substantial personnel reductions focus on
  improved efficiency
• Transfer of frac and cement capacity to other
  markets
• Sell differentiating technology
• Reduce discretionary expenses

5
International Pressure Pumping
(Excluding Canada - in millions)

• Market Strategies
• Move capacity to growing markets
• Provide better focus in Russian andAfrican
  markets
• Aggressively pursue offshoreopportunities
• Nationalize workforce reduce expats and
  rotators
• Restructuring plans for all low margin operations

6
Oilfield Services Group
(in millions)

• Market Strategies
• Fuel growth through capital additions and niche
  acquisitions
• Leverage the International Pressure Pumping
  infrastructure

7
Financial Flexibility

• Net Debt at 9/30/07 612 million
• Net Debt to Cap at 9/30/07 17.5
• Uses of Cash
• Organic Growth
• Strategic Acquisitions
• Treasury Share Purchases
• Dividends

8
BJ Services Company Banc of America
Securities2007 Energy Conference November 15,
2007