Corporate Responsibility

Active Risk Management

Managing partnerships and contractors, fulfilling statutory and social obligations, and managing a considerable expenditure profile exposes Challenger Energy to a wide variety of risks. The application of our own processes and systems to identify, mitigate and contain those risks is fundamental to the operation and further development of the Company.

Successful value and wealth creation, especially within the industry we operate, could be compromised without an effective shared value model that reinforces Challenger Energy’s ‘licence-to-operate’. But equally, operating in a socially responsible way should not compromise the purpose and nature of the business – to successfully find and develop energy resources – as this is the value upon which the enterprise is founded.

Health, Safety, Environment & Security (HSE&S)

Challenger Energy is subject to strict regulations in all jurisdictions of operations which cover all aspects of the Company’s exploration and development activities, including Health, Safety, Environment & Security (HSE&S). As an absolute minimum, Challenger Energy seeks to comply with all such regulations in the countries in which we operate. Where Challenger Energy has adopted stricter codes of practice in relation to any aspects of HSE&S management, then it is these standards that will be applied.

Challenger Energy has established an HSE&S committee which comprises senior executives and representatives from operations which meets regularly to ensure compliance, standards and currency of processes, systems and procedures, and to evaluate risks that may impact on the Company and its operations. Challenger Energy is committed to providing a healthy, safe and secure workplace for all employees, consultants, contractors, service providers and visitors across all facets of our operations. Pursuit of our commercial objectives should never be at the expense of harm to people or the environment. We have established appropriate policies, procedures and management systems for the current stage of Challenger Energy’s development and to take us forward during the next stage of the Company development, and the management team regularly re-examine for them currency, relevance and applicability in order to positively reaffirm their context within Challenger Energy. We are seeking to ensure accountability to the highest international standards by focussing on visible leadership and integration of health, safety, environment and security into all business practices. There is an emphasis on staff training to ensure heightened awareness of risk, and we strive to ensure that all contractors also meet all necessary standards.

View Challenger Energy’s HSE&S Policy