Blue Water Energy partners with Apex International in pursuit of MENA assets

LONDON -- Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African (MENA) countries, today announced that affiliates of Blue Water Energy LLP have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC, International Finance Corp. (IFC) and company management.

Apex is primarily focused on pursuing acquisitions and drilling opportunities in MENA, with an initial focus on Egypt.

The company will continue to acquire assets and licenses, while driving value creation through the execution of production optimization opportunities, developments and exploration opportunities of scale.

London-based Blue Water Energy, Warburg Pincus LLC and the IFC are jointly providing funding to support Apex’s investment program, including drilling, asset acquisitions and corporate transactions.

Apex, based in Houston and Cairo, was formed in 2016 by Roger Plank (founder and CEO), who assembled an experienced management and technical team with a track record of growing profitable oil and gas operations in the MENA region.

Shortly after the formation of the company, Apex was awarded two exploration concessions in Egypt’s Western Desert encompassing 1.7 million acres. Apex’s success in the 2016 EGPC Bid Round, only months after the formation of the company, jumpstarted its exploration activity which is gearing up with extensive 3D seismic and drilling activity over the months ahead.

Roger Plank, founder and CEO of Apex, said: “We are very pleased that BWE is joining us as an Apex shareholder."