Challenger Limited, a prominent provider of contract oil, gas and
water land drilling and work-over services, has over 15 years experience
in providing services to major and independent oil and gas companies.
Over that period of time, Challenger Limited has been operating in;
Libya, Egypt, Tanzania, Gabon, and the Republic of Niger. The company
has a strong client base, including nearly all state-owned and major oil
companies in Libya, as well as International players such as Agip/Eni,
Total, Marathon, IPL, Veba and Verenex Energy.
Mr. Hassan Tatanaki, Chairman of Challenger Limited, declared that " In view of the
vast opportunities of high growth in the MENA region, we along with our
partners have decided to go into partnership with one of the
best-regarded companies in the oil drilling industry; namely Bronco
Drilling Company. This partnership will energize and undoubtedly
increase our capacity to expand Challenger activities in both scope and
scale. This was based on our full confidence and faith in the investment
model and general direction". Mr. Tatanaki said that "This transaction
shows that the growing cooperation amongst Libya, the U.S., and the
Middle East, is creating an attractive investment environment for U.S.
and International companies". continue reading
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