Baker Energy Renews Contract with ChevronTexaco in Thailand

Michael Baker Corporation's B.E.S. Energy Resources Co., Ltd., subsidiary has received a renewal of its multi-million-dollar contract with Chevron Offshore (Thailand) Limited to provide operations and maintenance and workforce nationalization services on Chevron's facilities in Block B 8/32 offshore in the Gulf of Thailand.

The contract renewal, which became effective on November 18, 2003, is for a period of five years. Baker will provide approximately 135 personnel to the facility over the length of the agreement.

"We are extremely pleased to have this opportunity to continue working with Chevron on the B 8/32 project," Keith Revels, vice president of international operations, said. "The renewal of this contract is a direct result of the excellent safety record, hard work and overall outstanding performance of our Thai and expatriate workforce over the past five years."