Houston, 22 October 2018
Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (“MENA”), today announced that affiliates of Blue Water Energy LLP (BWE or Blue Water Energy) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC, International Finance Corporation (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, whilst driving value creation through the execution of production optimization opportunities, developments and exploration opportunities of scale. 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.
