One-Page Deal Sheet
Apache, Chevron Complete Kitimat LNG JV
Apache Corp Chevron Corp
Announced Date
February 11,2013
Close Date
February 11,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
405
Asset/Basin:
{"Horn River",Liard}
TargetZones:
{"Horn River Shale",
Transaction Details: Subscribe to see
Apache Corporation today announced that its subsidiary Apache Canada Ltd. has completed the previously disclosed transaction with Chevron Canada Limited to build and operate the Kitimat LNG project and develop world-class natural gas resources at the Liard and Horn River basins in British Columbia, Canada.
Chevron Canada, a subsidiary of Chevron Corp, and Apache Canada each have become a 50 percent owner of the Kitimat LNG plant, the Pacific Trail Pipelines and 644,000 gross undeveloped acres in the Horn River and Liard basins. After a brief transition period, Chevron Canada will assume…
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