My personal view is that the country has its own contingency plans and certain protocols in place. Though we have relied on oil & gas for our economy, the country is trying hard to diversify its sources of income and I think this is something we are learning the hard way and the country is trying hard to set right as soon as we recover from this current price slide.

We are reassured by the government’s approach as far as OGC is concerned. The government has put measures in place to control the expenditure and they have certainly not pushed the panic button yet.

They have always communicated to the companies to be careful in spending the money wisely and prioritizing project schedules. I don’t believe the government has any intention of stopping any of the major projects yet. Things are progressing well though there may be some delays at times. I think we are in good shape and this is a cycle that we will go through and we will survive.

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