Cactus includes a contract to have a 65% control interest in Hughes SPC

Cactus (Chode), his subsidiaries announced that Baker Hughes has entered a definite agreement with certain subsidiaries (Bkr) Get 65% of the baker Hughes surface pressure management business, SPC to accept operating control. SPC designs, production and services specifically surface pressure control solutions, primarily for international markets, primarily wells and production tree equipment. Business points: Procurement builds a cactus as a manufacturer of oil-light and geographically branched oil and geographically; The geographical trace of the cactus varies with a number of foreign sales without foreign sales, which provide more various and stable combinated cactus pressure control profiles through ~ 85% and stable combined cactus pressure in the Middle East; More income, earnings and cash flow, SPC $ 600 + million dollar product and subsequent market service until December 31, 2024; High letter of credit to financial sizes while maintaining a conservative balance sheet; SPC will form a joint venture to display, and Baker Hughes will hold 35% ownership in the post-closing in the joint venture

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