September 3, 2008 / 3:49 PM / 11 years ago

Baker Hughes CEO worried about Gustav hit

HOUSTON (Reuters) - The chief executive of oilfield services company Baker Hughes Inc BHI.N said on Wednesday he was concerned about the effect that Hurricane Gustav would have on third-quarter results.

“In terms of getting back up and getting back to work, we are finding this as difficult as we did in the Katrina period,” CEO Chad Deaton told the Lehman Brothers CEO Energy/Power conference in remarks broadcast over the Web.

The Houston company evacuated 43 facilities along the Gulf Coast ahead of Hurricane Gustav and has only been able to get back into about 20 of those facilities, Deaton told investors.

Reporting by Anna Driver in Houston; editing by Jeffrey Benkoe

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