In response to the coronavirus (COVID-19) pandemic, Baker Hughes is following guidance from the World Health Organization (WHO), the Centers for Disease Control (CDC), and local government regulations and containment measures.
The company announced its preventative plan which includes employee and customer health and safety. The company restricted all non-essential business travel and is encouraging the usage of remote information-sharing tools instead. Furthermore, guidelines for mobilization of all field service engineers have been activated in order to safeguard their health and safety and of those around them.
Additionally, the company assured that the global crisis management team is monitoring the situation to mitigate the impact of COVID-19. Baker Hughes is taking additional measures in Italy, France, China, Lebanon and other significantly affected countries, to monitor operations.
The same is done by Dana Gas’s exploration and production (E&P) for its operations in Egypt and the Kurdistan Region of Iraq (KRI). They will remain fully operational amid the coronavirus (COVID-19) outbreak, according to a statement.
Patrick Allman-Ward, Dana Gas’s CEO, said that the company will not be affected by the low oil prices, adding that the company is “naturally hedged against low oil prices due to our product mix and long term gas sales agreements at steady prices.”
Furthermore, he noted that the company has been practicing cost control since the last price downturn in 2014.