Warburg Pincus-based Apex International Energy has named David A Pivnik as vice president of exploration and new ventures and Amir Diab as non-executive director. Previously, Pivnik was manager of subsurface at Occidental Petroleum Corp while Diab is a managing partner at Cailon Capital. Apex is an Egypt-focused oil and gas exploration company.
CAIRO and HOUSTON, Dec. 19, 2016 /PRNewswire/ — Apex International Energy (www.apexintl.com), an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has expanded its leadership team with the additions of David A. Pivnik as Vice President of Exploration and New Ventures and Amr Diab as Non-Executive Director. The company, founded earlier this year, is now comprised of 12 professionals with more than 275 combined years of industry experience, including over 100 years in Egypt.
Mr. Pivnik brings over 25 years of geotechnical experience, including 10 years spent in Egypt where he discovered several significant oil fields. Most recently, he was Manager of Subsurface Specialties at Occidental Petroleum Corporation, where he focused on petroleum systems and geomechanics in the Permian Basin. Mr. Diab brings over 20 years of investing and transaction experience and is currently an Advisory Director at Morgan Stanley International, where he previously served as Co-Head of Investment Banking for the Middle East and North Africa.
Roger B. Plank, founder and Chief Executive Officer of Apex International Energy, commented, “We are pleased to welcome both Amr and Dave to the Apex team. Their guidance and expertise will be called upon as we grow into a significant upstream company in Egypt. With our recent award of two Blocks encompassing 1.7 million acres, Apex has established a significant foothold in the Western Desert from which to pursue potentially attractive acquisition opportunities. The combination of our experienced professionals, network of industry relationships, financial wherewithal and commitment to Egypt, provides the ingredients to build a substantial E&P business.”
David A. Pivnik
Dave Pivnik brings over 25 years of geotechnical experience, including 10 years spent in Egypt.
Prior to joining Apex, he was Manager of Subsurface Specialties at Occidental Petroleum Corporation where he focused on petroleum systems and geomechanics in the Permian Basin. He has also served in a number of technical positions around the world with Amoco, BP and Apache, and discovered several significant oil and gas fields while in Egypt and Australia. He has served as an Associate Editor for the American Association of Petroleum Geologists since 2004.
Dave holds a bachelor’s degree in Geology from State University of New York Fredonia, a master’s in Geology from University of Rochester, and a PhD from Dartmouth College.
Amr Diab is a Managing Partner at Cailon Capital, a private investment vehicle and an Advisory Director at Morgan Stanley International. He was previously a Managing Director and Co-Head of Investment Banking for the Middle East and North Africa at Morgan Stanley based in Cairo and Dubai.
Amr began his career at Morgan Stanley Investment Banking in New York in 1992. During his tenure he was part of the president’s office working on strategic transactions for Morgan Stanley. He moved to London with Morgan Stanley Investment Banking before leaving in 2000 becoming a founding partner in Bessent Capital, Walter Capital and Cheiron Capital. He rejoined Morgan Stanley in 2007.
Throughout Amr’s career, he has been involved in several major transactions in the US, Europe and Middle East, specifically in Egypt.
Amr is a Fulbright Scholar and received his bachelor’s in Economics from the American University in Cairo (AUC) and his master’s degrees from Columbia and London Business School.
About Apex International Energy
Apex International Energy is an independent oil and gas exploration and production company focused on Egypt and 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 is also pursuing farm-in transactions and participating in new concession bid rounds.
Apex was recently awarded Blocks 8 and 9 by the Egyptian General Petroleum Company (EGPC) from their 2016 Bid Round.
For more information, please visit www.apexintl.com.