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Established in 1991, Challenger is an international provider of contract oil and gas land drilling and workover services, headquartered in Egypt and operating mainly in Libya with a fleet of 29 rigs. Challenger’s operations have been adversely impacted by subsequent deteriorating geo-political conditions in Libya, together with the recent severe volatility in oil prices. The Company currently has seven active rigs under contract.
AbdulLatif Mohammed Janahi: 39% Growth in the Value of the Investment within a Year from Acquiring Shares in Challenger Venture Capital ...
Read MoreVenture Capital Bank, a Bahrain-based investment bank, along with its partner, the US private equity firm Global Emerging markets (GEM), have acquired a significant stake in the MENA-based oil drilling contractor Challenger Limited. Established in 1 ...
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