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BJ SERVICES AND BAROID ANNOUNCE BUSINESS ALLIANCE

 HOUSTON, July 27 /PRNewswire/ -- BJ Services Co. (NYSE: BJS) and Baroid Corp. (NYSE: BRC) both Houston-headquartered oilfield services companies, today announced that they have formed an alliance to provide combined services to their customers. The goal of the alliance is to offer a more comprehensive range of drilling, completion, cementing and stimulation services as operators continue their trend toward partnering with service companies to enhance operating efficiency. The agreement includes joint marketing and service delivery and may extend to sharing of resources and combined research and development efforts on select projects.
 BJ will provide pressure pumping services including cementing, acidizing and hydraulic fracturing as well as coiled tubing and tubular services. Baroid will provide drilling fluids, directional drilling services, measurement-while-drilling, mud logging, diamond drill bits and coring services to the alliance.
 The alliance will offer a number of benefits for oil and gas operators. Single-source contracting and project management for services will reduce the administrative expense required for each project. BJ/Baroid rig site teams will be cross trained in both companies' expertise to encourage drilling and completion efficiency. Improved cost efficiencies would be realized through selected joint research and development efforts, shared resources and facilities during support of drilling projects and through combined purchasing and equipment procurement.
 According to J.W. Stewart, chief executive officer of BJ Services, "The alliance with Baroid will allow us to offer a range of services to our customers that will be as competitive as any single company in our industry. This coupled with the commitment by BJ and Baroid to improve the efficiency of our customers' operations through this alliance will lead to enhanced business prospects for both BJ and Baroid."
 Both BJ and Baroid operate throughout the world. The projects utilizing the alliance are expected to be pursued in areas of mutual interest; initially in the Gulf of Mexico, the North Sea and Russia.
 BJ Services is a leading provider of pressure pumping and related services to the petroleum industry.
 -0- 7/27/93
 /CONTACT: Mike McShane of BJ Services, 713-462-4239/
 (BJS BRC)


CO: BJ Services Co.; Baroid Corp. ST: Texas IN: OIL SU: TNM

BB -- DV001 -- 6027 07/27/93 08:01 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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