The Company 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 onshore drilling rigs. Over the past two years, Libya has experienced an impressive recovery in crude output to over 800,000 barrels per day, and the National Oil Company estimates production of around 1 million bpd for 2018. Challenger currently has three rigs under contract in Libya and one in Tunisia, while negotiations are underway for contracting two additional rigs in Libya. A local security firm was appointed to visit rigs to evaluate their condition and identify the possibility of mobilising the assets, given a number of the rigs had been caught in areas of armed conflict. To date, the firm has physically located 15 rigs and reported on their location and condition; and gathered information on the likely whereabouts of the remaining rigs.