 Franks International N.V. FI the Company or Franks today provided the following update in response to current and potential business disruptions resulting from the spread of COVID-19 as well as recent changes in the oil and gas supply and demand fundamentals. The health and safety of Franks employees and their families, customers and communities is our top priority. Although the situation remains fluid, based on the most recently available information, we expect to be materially impacted by reduced customer spending and activity, particularly in the U.S. onshore market and as related to rig operations that may be affected by COVID-19 impacts. 