Norman Christie, regional president of bpTT not ruling out job cuts at the company.
He said like other companies in the energy sector, bpTT will be looking at all aspects of its operations and making wise decisions to deal with the effects of falling oil prices.
"To be honest with you I think the entire industry will be assessing where the prices are now. I won't make any prediction. What I will say is, if there is a company that is not looking at all aspects of their business, that will be unwise.
"BP will be looking at all aspects of our business–costs, head count and importantly, we will not do that without our values being number one.
"It's not going to come ahead of safety and it's not going to come ahead of our values.
"The short answer is we will look, just as any other company is looking, we will make wise decisions."
Christie's comments followed Finance Minister Colm Imbert announcement during his budget presentation on Monday that "total energy exports are estimated at only US $7.5 billion in 2015, a significant decline when compared with an annual average of US$12.7 billion in the period 2010 and 2014."
Asked whether the company is feeling the pressure now that revenue numbers are down, he said bpTT has been through similar situations and he is confident it can weather this "storm."