Petroleum Africa
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Thursday, August 15, 2013
Chinook Energy said it is increased its security preparedness in Tunisia recently. The company said the political stability, which had been relatively calm for the past four to five months, has taken several steps backward.
Chinook said the majority of the timing and motivation of the acts of civil disobedience are politically motivated, perpetrated by parties intent on de-stabilizing the Tunisian political process and not directed towards Chinook or foreign investment in Tunisia. However, in response to these conditions it has increased its security preparedness and threat assessment protocols.
The existing situation serves to increase the logistical complexity and security related costs of Chinook’s operations. The company expects that the current instability will continue during the balance of the year as the timing of promised elections approaches.
Chinook will continue to carefully monitor the situation and manage for the long-term success of its Tunisian business while maintaining a priority on the immediate security of its personnel and stakeholders. The destabilized conditions in Tunisia may result in unforeseen delays in the execution of the company’s operational program.
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