Blue Water Energy Partners with Apex International Energy

Laxman Pai
Wednesday, October 24, 2018

Apex International Energy announced that affiliates of Blue Water Energy (BWE) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC, International Finance Corporation (IFC) and company management.


The oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA) said that it 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.


Roger Plank, Founder and CEO of Apex, said: "We are very pleased that BWE is joining us as an Apex shareholder.  The BWE team has an exceptional track record investing in the energy industry with strong sector relationships, proven deal expertise and broad international perspective."


"BWE joins Warburg and IFC as part of Apex's world-class investor base, bringing substantial financial and human capital to support our mission of building a profitable upstream company of scale," Roger added.


Graeme Sword, BWE Founding Partner, said, "For a while BWE has believed there is an opportunity to build a leading MENA exploration and production company of significant scale. We are excited to partner with a best-in-class management team at Apex, as well as strong existing shareholders, Warburg Pincus and IFC, who have a long track record of building successful E&P companies in emerging markets."

Categories: Middle East Mergers & Acquisitions Energy

Related Stories

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

Norwegian Oil Investment Will Peak in '25

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Santos and QatarEnergy Agree Mid-Term LNG Supply

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Current News

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com