BWE to raise investment in Apex’s natgas exploration drilling in Western Desert

Apex International Energy signed an agreement with its partners at Blue Water Energy (BWE) to increase BWE’s investment in the latter’s oil and gas concessions in the Western Desert, according to a BWE statement. The agreement will see BWE financing parts of Apex’s drilling, asset acquisition, and corporate transaction activities in the concessions. Apex is due to start exploration drilling on the Western Desert’s West Badr El Din and South East Meleiha concessions sometime this quarter.