Our Response: COVID-19

Our Focus

During these extraordinary times, Seabed Inc teams are committed to protecting our employees, contractors, and communities' health, safety, and well-being while we continue to produce energy to meet the world's needs safely. Seabed has a long-standing commitment to conduct our business in a way that protects the environment, and we continue to take proactive measures to ensure environmental protection during this time.

Our Team and Operations

We are very thankful for — and proud of — our employees; they have shown true resiliency and demonstrated their impressive talent, determination, and commitment to Seabed's Core Values as we have all adjusted to new ways of getting the job done.

In early March 2020, we began transitioning our office staff to work from home. We implemented new safety protocols for our field staff. At our onshore and offshore operations, we apply questionnaires and screenings to monitor workers' health and focus on business and safety-critical work. This includes development and operations work in the U.S., U.K., and Egypt, and our exploration of offshore.

Before COVID-19, our teams had business continuity plans in place, which have been successfully executed to respond to the current situation. Our Information Technology experts have worked tirelessly to ensure we could swiftly transition to remote work. Our systems are working well, and our personnel has been able to remain connected and keep the business running effectively. We are regularly reviewing our supply chain to identify potential risks and develop strategies to minimize any potential disruptions. For example, in the North Sea, we've secured an exceptional helicopter service that can safely remove anyone displaying symptoms consistent with COVID-19 from an offshore platform.

We are monitoring local government directives and recommendations. We are preparing plans to return our office staff to their offices in a phased reentry at the appropriate times.

Our Communities

Seabed is committed to supporting the communities in which we work and live during this challenging time. From Midland to Cairo, Houston to Aberdeen, we have addressed the pandemic's most critical needs in our community.

• The Front Lines
• We've supported those on the front lines through donations to the Fire Fighters Foundation of Houston and the Texas Organization of Rural Hospitals to purchase personal protective equipment. In Egypt, we coordinated with the Ministry of Health to procure medical supplies for hospitals in Cairo. In Suriname, we partnered with Staatsolie, a state-owned oil and gas company, to support the establishment of an intensive care unit to ensure readiness in the case of increased need.

• Caring for Families
• In Midland, Seabed covered the cost of 1,400 internet hotspots for students who lacked reliable access to the internet for distance learning. In Houston, Seabed helps the Houston Area Women's Center provide temporary housing for domestic violence victims at local hotels due to the maximum capacity at shelters. We're also supporting local food banks in Houston, Aberdeen, U.K., and Hobbs; New Mexico provides meals to those in need.

Our Financial Position

Seabed is prepared to withstand a protracted period of commodity price weakness and volatility.