Blue Water Energy (BWE) has announced that it will invest in independent oil and gas exploration and production (E&P) company Apex International Energy, Egypt Oil & Gas reports.

BWE will join Warburg Pincus LLC and the International Finance Corporation (IFC) in jointly-financing Apex’s investment program, which includes drilling, asset acquisitions as well as corporate transactions.

Neither company has yet disclosed how much BWE intends to invest in the MENA-focused E&P company.

“We are very pleased that BWE is joining us as an Apex shareholder,” said Roger Plank, founder and chief executive of Apex.  “The BWE team has an exceptional track record investing in the energy industry with strong sector relationships, proven deal expertise, and broad international perspective,” he added.

“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,” Graeme Sword, BWE founding partner, said.