CAIRO and HOUSTON, Oct. 25, 2016 /PRNewswire/ -- Apex International Energy (www.apexintl.com), a new independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has opened offices in Cairo, Egypt and Houston, Texas.
Apex International Energy plans to build an exploration and production business of scale through asset acquisitions and capital investments in drilling, infrastructure and production enhancement to deliver long-term profitable growth in production and reserves. Apex International Energy will also pursue farm-in transactions and participate in new concession bid rounds. Apex has a clear focus on Egypt and over time may expand into other countries in the Middle East and North Africa as attractive opportunities present themselves.
Roger B. Plank, founder and Chief Executive Officer of Apex International Energy, commented, "With significant funding in place and the launch of our two offices, Apex is now in a position to acquire and develop E&P assets. We have made Egypt our top priority place to invest and are actively involved in the current concession bidding round and evaluating a number of interesting acquisition opportunities. We are pleased with the level of interest that has been shown in Apex to date and look forward to building a substantial E&P business."
Thomas M. Maher, President and Chief Operating Officer of Apex International Energy, said, "I am delighted that we are now present on the ground with local and growing teams in Cairo and Houston, two of the most important cities in the global oil and gas industry. We are currently working closely with government and local third parties in Egypt as we take an active role in developing our business and network of relationships in the region. We believe that our strong team, excellent technical skills and commitment to Egypt will position us as a partner of choice."
About Apex International Energy
Apex International Energy is a new independent oil and gas exploration and production company focused on Egypt backed by Warburg Pincus, a global private equity firm focused on growth investing. Apex International Energy plans to build an exploration and production business of scale through asset acquisitions and capital investments in drilling, infrastructure and production enhancement to deliver long-term profitable growth in production and reserves. Apex International Energy will also pursue farm-in transactions and participate in new concession bid rounds.
For more information, please visit www.apexintl.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries. For more than two decades, Warburg Pincus has invested or committed over $13 billion across more than 75 energy investments around the world with a focus on upstream, midstream and downstream oil and gas; energy services and technology; power generation and transmission; alternative energy and renewables; and mining and metals. Notable investments include Antero Resources, Bill Barrett Corporation, Broad Oak Energy, Encore Acquisition Company, Kosmos Energy, Laredo Petroleum, MEG Energy, Newfield Exploration, Spinnaker Exploration and Targa Resources.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.
Apex International Energy
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/apex-international-energy-opens-offices-in-cairo-and-houston-300350291.html
SOURCE Apex International Energy