Challenger Final RGB
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CHALLENGER COMPANY PROFILE INDEX Company Corporate Information 04 - 05 - 06 - 07 Mission & Vision 08 Our Core Values 09 - 10 About Us 11 Why Challenger Limited 12 What We Serve 13 - 14 Where We Serve 15 Corporate Governance 16 Role of The Board of Directors (BOD) 17 Challenger Limited Latest Developments 18 Chellenger Adminsistrative & Operational Entities 19 - 20 Challenger Limited Latest Developments 21 - 22 Drilling Rigs 23 - 24 Work Over Rigs 25 - 26 - 27 - 28 Rig Fleet 29 Challenger Limited Transport Fleet 30 - 31 Challenger Limited Clientele List 32 Challenger Limited Maps 33 Challenger Limited Transport Fleet 34 Tunisia Locations 35 Challenger Certificates & Recognition 36 03 COMPANY CORPORATE INFORMATION 04 COMPANY CORPORATE INFORMATION Ultimate Parent Company: Date of Incorporation: Challenger Limited - Isle of Man October 14th, 1991 Website: Company Number: www.challengerlimited.com 000503v Registered Address: MEA Business Address: Grosvenor House Challenger Limited - Isle of Man 66-67 Athol Street Regional Office - MEA Douglas, Isle of Man Challenger Building IM1 1JE 1 El-Moshier Ahmed Ismail Street Heliopolis 11361, Cairo, Egypt Tel: +202 2268 2810 Fax: +202 2267 6122 Board of Directors: Corporate Administrators: Yelmez Tatanaki, Libyan National KENDRIS Ltd Mühlemattstrasse56 Faiz Tatanaki, Libyan National CH-5001 Aarau Hassan Tatanaki, Libyan National Switzerland Hatem Fakhr, Egyptian National Tel: +41 58 450 5800 Robert Wages, American National Fax: +41 58 450 5853 05 COMPANY CORPORATE INFORMATION Shareholders: Managing Directors: Challenger Group Ltd. A Bermuda incorporated Faiz Tatanaki, Chief Executive Officer Holding Company, owned and controlled by Hatem Fakhr, CFO & Deputy Chief Executive theTatanaki family. CGL currently holds 63.0% of the total shares of Challenger Limited Isle of Man MENA Oil Drilling Company Limited. An Isle of Man incorporated SPV, controlled by Venture Capital Bank B.S.C. (Bahrain). MODCL currently holds 34.0% of the total shares of Challenger Limited - Isle of Man Venture Capital Bank B.S.C.A Bahrain incorporated Investment Banking Institution. VCB currently holds 3.0% of the total shares of Challenger Limited Isle of Man. 06 COMPANY CORPORATE INFORMATION Main Bankers: Legal Consultants: British Arab Commercial Bank Dechert LLP Plc 8-10 Mansion House Place Unit 501, Level 5, Precinct Building 2 London EC4N 8BJ, UK Dubai International Financial Center (DIFC) Tel: +44 207 648 7777 Dubai, UAE Fax: +44 207 648 7774 Tel: +9714 425 6300 www.bacb.co.uk Fax: +9714 425 6301 www.dechert.com Auditors: Price Water House Coopers (PwC) C/O Price Water HouseCoopers (Egypt) Plot #211, 2nd Sector, City Center New Cairo 11835 Cairo, Egypt Tel: +2 02 2759 7700 Fax: +2 02 2759 7711 www.pwc.com 07 MISSION & VISION Our mission and vision are the essential principles of what deepens our legacy and drives our success, from every employee to the front of our hi-tech advances. Mission: Vision: Our mission is to responsibly and successfully help To become the prime land driller of choice in the our customers in meeting the global demand for oil MENA region for investors, customers and and gas while delivering the best-in-class land drilling employees by deliveringon-shore and off-shore and work-over performance through new, exceptional directional land vdrilling and workover services technology,exceptional teamwork and professional, innovative technologies and performance tools ground-breaking execution. thereby defining operational excellence and technical innovation 08 OUR CORE VALUES As an energy sector leader in the MEA region, we maintain the utmost ethical standards and function with great care and attention in the communities where we work and live. We at Challenger Limited are devoted to generating revenues in an ethical manner. When customers contract on a Challenger Limied’s rig, they not only choose the most effective and advanced land drilling technology, but also go for the finest team in the industry. Corporate Responsibility is an essential part of Challenger Limited’s strategy, mission, vision and culture. By carrying out our work the right way, our company seeks to protect our customers, the environment, our people and our neighbors and are extremely dedicated to earn our name as a safe, reliable, efficient and effective oil and gas drilling company. our expert workforce is committed to treat one another with utmost respect, dedicated to perform with honor, devoted to safe operating and creative enough to inspire original, advanced ideas. 09 OUR CORE VALUES Health, Safety & Environment The safety and health of our personnel is a core value at Challengers Limited and we work every day to set the benchmark for safety in our sector. We understand that by maintaining organized and clean working sites, investing in new state-of-the-art technologies and doing our job in the right way, we are protecting our customers, environment and people. Community & Philanthropy Engagement Challenger Limited is proud to invest into causes which are of prime importance to our communities, customers and employees where we work. Via Challenger Limited’s corporate social responsibility program, our entire team contributes to a number of remarkable human and health services youth and organizations programs. Inclusion & Diversity Challenger Limited believes in building an efficient team of brilliant employees, who are all set to bring in a wide variety of cultures, skills, perspectives and ideas to our company. Our Group is committed to become a workplace that is free from workplace retaliation, violence, harassment and discrimination. Our inclusion and diversity policies prohibit discrimination of all kinds and encourage inclusivity and diversity amongst our board members, management team and employees. Talent Management Challenger limited invests into our people and aims to have high-performers through all stages of our company. Our Group implements processes and systems that allow us to execute our skills and talent management approach to maintain a highly capable, competent and well-trained talent pool that is filled with broad range of commercial experiences throughout the market cycle. 10 ABOUT US A market giant in the oil & gas drilling industry, Challenger Limited is a leading onshore and offshore contract land drilling,workover and production services provider in the African and the Middle East regions. Our company strives to create value for its customers by providing high performance facilities to every project and plan. We deliver these services reliably and consistently through our strategic invest- ment in Challenger’s systems, technology and people. With a highly well-organized and diligent business management approach, Challenger Limited has a market reputation of continuously innovating with automation capabilities to be at par with the essentials of the dynamic energy sector. With our field focus, Challenger Limited provides maximum efficiency – thereby, helping customers in generating great returns from their investments, reducing well costs and minimizing risks. Our highly trained and skilled crews have years of land drilling experienc every task that they undertake, knowing that they have complete support of Challener Limited’s entire team. 11 WHY CHALLENGER LIMITED? Since its establishment in 1991, Challenger Limited has grown to be one of North Africa’s oldest and biggest privately held off-shore and on-shore land drilling and work-over operator (in terms of its rig numbers) with strong occupancy in Libya, Tunisia, North Africa, Saudi Arabia, Turkey, Tanzania, Republic of Niger and Gabon. The company is under long-contracts with the region’s top clients including: Waha Oil Company Arabian Gulf Oil Company Turkish Petroleum Overseas Co. KUFPEC (Tunisia) Limited Great Man-made River Authority (GMRA) Saudi Aramco Challenger Limited owns and operates a premium sizeable land-based drilling rig fleet of (29) in different capacities and operates predominantly in the MEA region, maintaining a large network of registered branches and international subsidiaries in Principality of Lichtenstein, North Africa, Libya, Egypt,Tunisia, UAE and KSA and is also prequalified as an overseas contractor with a growing presence in both Kuwait and Algeria and on going infiltration into new, innovative MENA markets. The company’s business strategy is based on a lean cost structure model and also revolves around resistant subdivisions of the drilling business. This has allowed us to realize an excellent performance history, with a proven profitable growth all through the recurrent market situations in the oil and gas sector. We also have a track record of primarily operating in areas with non-harsh environments, low extraction costs and a prevalence of legacy fields. As a service company, Challenger Limited leverages on its highly-skilled workforce and lean cost structure strategy to provide superior services and customized solutions to its clients, categorized by its pledge to the global industry standard. 12 WHAT WE SERVE? With operations running in multiple countries, Challenger Limited is one of Middle East’s largest oil and gas drilling contractors. Leveraging our progressive drilling automation proficiencies, Challenger Limited’s highly skillful and updated workforce continues to set new expert standards for transforming our industry and operational excellence. Through our numerous subsidiaries, we provide top-notch drilling software, instrumentation, directional drilling operations and innovative technology. Challenger Limited